eBay Inc. (NASDAQ:EBAY) Shares Bought by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. raised its position in shares of eBay Inc. (NASDAQ:EBAY) by 129.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,433 shares of the e-commerce company’s stock after buying an additional 1,372 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in eBay were worth $151,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. lifted its stake in eBay by 17.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock worth $1,394,797,000 after acquiring an additional 3,880,649 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of eBay during the third quarter worth about $105,506,000. Altshuler Shaham Ltd purchased a new position in shares of eBay in the second quarter valued at approximately $71,593,000. Pacer Advisors Inc. grew its holdings in shares of eBay by 11.5% in the second quarter. Pacer Advisors Inc. now owns 6,573,579 shares of the e-commerce company’s stock valued at $353,133,000 after purchasing an additional 679,528 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in eBay by 9,092.5% during the 3rd quarter. International Assets Investment Management LLC now owns 585,013 shares of the e-commerce company’s stock worth $38,090,000 after buying an additional 578,649 shares during the period. 87.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at eBay

In other eBay news, SVP Cornelius Boone sold 3,989 shares of eBay stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value of $260,082.80. Following the transaction, the senior vice president now directly owns 71,469 shares in the company, valued at approximately $4,659,778.80. This trade represents a 5.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Stephen J. Priest sold 5,252 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $63.63, for a total value of $334,184.76. Following the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,141,040.40. This trade represents a 7.47 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,116 shares of company stock worth $1,637,705. 0.38% of the stock is owned by company insiders.

eBay Stock Performance

Shares of EBAY opened at $65.06 on Friday. The company’s 50 day simple moving average is $63.48 and its 200-day simple moving average is $60.85. The firm has a market cap of $31.16 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 2.10 and a beta of 1.35. eBay Inc. has a 12-month low of $40.28 and a 12-month high of $71.52. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Friday, November 29th. eBay’s payout ratio is currently 27.14%.

Analyst Ratings Changes

Several equities analysts have commented on EBAY shares. Benchmark reissued a “buy” rating and issued a $65.00 price target on shares of eBay in a research report on Tuesday, October 29th. Morgan Stanley lifted their target price on eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Monday. Jefferies Financial Group lowered eBay from a “hold” rating to an “underperform” rating and reduced their price target for the company from $60.00 to $52.00 in a research report on Tuesday, December 10th. The Goldman Sachs Group boosted their price objective on eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research report on Tuesday, October 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 target price on shares of eBay in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $62.83.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.