Thurston Springer Miller Herd & Titak Inc. Takes $26,000 Position in eBay Inc. (NASDAQ:EBAY)

Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of eBay Inc. (NASDAQ:EBAY) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 482 shares of the e-commerce company’s stock, valued at approximately $26,000.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in eBay by 7.7% in the first quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock valued at $3,321,403,000 after acquiring an additional 4,524,934 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of eBay by 22.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,248,438 shares of the e-commerce company’s stock worth $272,551,000 after acquiring an additional 1,141,288 shares during the period. LSV Asset Management raised its holdings in shares of eBay by 1.5% during the first quarter. LSV Asset Management now owns 5,488,460 shares of the e-commerce company’s stock worth $289,681,000 after acquiring an additional 83,493 shares during the period. Harris Associates L P raised its holdings in shares of eBay by 0.7% during the fourth quarter. Harris Associates L P now owns 4,577,264 shares of the e-commerce company’s stock worth $199,660,000 after acquiring an additional 30,545 shares during the period. Finally, Lyrical Asset Management LP raised its holdings in shares of eBay by 1.7% during the fourth quarter. Lyrical Asset Management LP now owns 3,905,301 shares of the e-commerce company’s stock worth $170,349,000 after acquiring an additional 65,132 shares during the period. 87.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on EBAY shares. Wells Fargo & Company dropped their price objective on shares of eBay from $57.00 to $55.00 and set an “equal weight” rating on the stock in a report on Thursday, August 1st. StockNews.com upgraded shares of eBay from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th. Mizuho lifted their price target on shares of eBay from $44.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. TD Cowen lifted their price target on shares of eBay from $42.00 to $45.00 and gave the company a “hold” rating in a research note on Thursday, May 2nd. Finally, Evercore ISI lifted their price target on shares of eBay from $47.00 to $53.00 and gave the company an “in-line” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, eBay presently has an average rating of “Hold” and an average target price of $56.65.

eBay Stock Up 1.1 %

Shares of eBay stock traded up $0.62 during trading hours on Wednesday, reaching $56.54. The company’s stock had a trading volume of 836,691 shares, compared to its average volume of 5,717,170. eBay Inc. has a one year low of $37.17 and a one year high of $57.68. The company has a market capitalization of $28.38 billion, a P/E ratio of 11.14, a P/E/G ratio of 2.58 and a beta of 1.31. The stock’s fifty day simple moving average is $53.79 and its two-hundred day simple moving average is $50.51. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.99 and a current ratio of 1.25.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Friday, August 30th. eBay’s payout ratio is currently 21.51%.

Insider Activity at eBay

In related news, SVP Edward O. Garcia sold 986 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total transaction of $52,110.10. Following the transaction, the senior vice president now directly owns 37,126 shares of the company’s stock, valued at $1,962,109.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other eBay news, SVP Julie A. Loeger sold 7,419 shares of eBay stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $54.20, for a total value of $402,109.80. Following the sale, the senior vice president now owns 70,797 shares of the company’s stock, valued at $3,837,197.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Edward O. Garcia sold 986 shares of eBay stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total transaction of $52,110.10. Following the completion of the sale, the senior vice president now directly owns 37,126 shares in the company, valued at approximately $1,962,109.10. The disclosure for this sale can be found here. Insiders have sold 10,488 shares of company stock valued at $565,910 over the last ninety days. Corporate insiders own 0.38% of the company’s stock.

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.