eBay Inc. (NASDAQ:EBAY) Shares Purchased by TCW Group Inc.

TCW Group Inc. grew its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 43.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,981 shares of the e-commerce company's stock after acquiring an additional 11,134 shares during the period. TCW Group Inc.'s holdings in eBay were worth $2,408,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of EBAY. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in eBay by 0.3% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company's stock valued at $3,418,000 after acquiring an additional 153 shares in the last quarter. Optas LLC grew its position in shares of eBay by 0.5% in the third quarter. Optas LLC now owns 34,082 shares of the e-commerce company's stock valued at $2,219,000 after purchasing an additional 171 shares during the last quarter. Davis Investment Partners LLC increased its stake in shares of eBay by 0.8% during the 3rd quarter. Davis Investment Partners LLC now owns 23,475 shares of the e-commerce company's stock worth $1,531,000 after purchasing an additional 180 shares in the last quarter. Arvest Investments Inc. raised its position in shares of eBay by 1.2% during the 3rd quarter. Arvest Investments Inc. now owns 15,205 shares of the e-commerce company's stock worth $990,000 after purchasing an additional 183 shares during the last quarter. Finally, Marco Investment Management LLC lifted its stake in eBay by 2.0% in the 3rd quarter. Marco Investment Management LLC now owns 10,335 shares of the e-commerce company's stock valued at $673,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.

eBay Stock Down 0.1 %

eBay stock traded down $0.06 during trading on Friday, reaching $63.84. 4,278,542 shares of the company's stock were exchanged, compared to its average volume of 5,299,535. The company's 50-day moving average is $63.42 and its two-hundred day moving average is $59.03. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a 52-week low of $40.16 and a 52-week high of $67.80. The firm has a market cap of $30.58 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 2.20 and a beta of 1.35.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.69%. eBay's dividend payout ratio is currently 27.14%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on EBAY shares. Sanford C. Bernstein raised eBay from a "market perform" rating to an "outperform" rating and set a $70.00 price target for the company in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their price objective on eBay from $70.00 to $63.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Robert W. Baird decreased their price target on shares of eBay from $70.00 to $68.00 and set an "outperform" rating on the stock in a research note on Thursday, October 31st. Jefferies Financial Group downgraded shares of eBay from a "hold" rating to an "underperform" rating and lowered their price target for the stock from $60.00 to $52.00 in a report on Tuesday. Finally, Wedbush began coverage on shares of eBay in a research note on Monday. They set a "neutral" rating and a $70.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $62.63.

Insider Transactions at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total transaction of $355,556.25. Following the sale, the chief executive officer now directly owns 531,167 shares in the company, valued at $33,575,066.07. The trade was a 1.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total value of $77,757.21. Following the transaction, the chief financial officer now owns 65,079 shares of the company's stock, valued at approximately $4,336,213.77. This trade represents a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,641 shares of company stock valued at $3,370,974. Corporate insiders own 0.38% of the company's stock.

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.