Townsquare Capital LLC Has $1.48 Million Position in eBay Inc. (NASDAQ:EBAY)

Townsquare Capital LLC boosted its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 17.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,675 shares of the e-commerce company’s stock after purchasing an additional 3,450 shares during the quarter. Townsquare Capital LLC’s holdings in eBay were worth $1,476,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EBAY. Ameriprise Financial Inc. lifted its holdings in shares of eBay by 17.6% during the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock worth $1,394,797,000 after buying an additional 3,880,649 shares during the last quarter. Altshuler Shaham Ltd acquired a new position in eBay during the 2nd quarter valued at $71,593,000. LSV Asset Management boosted its holdings in eBay by 22.2% in the 2nd quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company’s stock valued at $360,211,000 after purchasing an additional 1,216,885 shares during the period. Renaissance Technologies LLC acquired a new stake in eBay in the 2nd quarter worth $49,924,000. Finally, Victory Capital Management Inc. increased its holdings in shares of eBay by 12.5% during the 2nd quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock worth $404,879,000 after purchasing an additional 838,969 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Buying and Selling at eBay

In related news, CFO Stephen J. Priest sold 1,167 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value of $77,757.21. Following the completion of the sale, the chief financial officer now owns 65,079 shares in the company, valued at approximately $4,336,213.77. This represents a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $66.09, for a total value of $371,756.25. Following the transaction, the chief executive officer now owns 559,291 shares in the company, valued at approximately $36,963,542.19. This trade represents a 1.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 47,016 shares of company stock worth $3,015,417. Insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EBAY. Jefferies Financial Group increased their target price on shares of eBay from $58.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Cantor Fitzgerald reissued a “neutral” rating and set a $62.00 price objective on shares of eBay in a report on Monday, October 7th. UBS Group cut their target price on eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Needham & Company LLC reiterated a “buy” rating and set a $72.00 price target on shares of eBay in a research note on Thursday, October 31st. Finally, Citigroup increased their price objective on shares of eBay from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $62.87.

eBay Trading Down 1.6 %

Shares of NASDAQ EBAY opened at $63.29 on Monday. eBay Inc. has a 1-year low of $40.16 and a 1-year high of $67.80. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a 50-day moving average of $63.63 and a two-hundred day moving average of $58.43. The company has a market cap of $30.32 billion, a PE ratio of 15.90, a P/E/G ratio of 1.66 and a beta of 1.34.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s dividend payout ratio is 27.14%.

eBay Profile

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.