eBay Inc. (NASDAQ:EBAY) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 173.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,798 shares of the e-commerce company's stock after buying an additional 22,068 shares during the period. Tower Research Capital LLC TRC's holdings in eBay were worth $2,156,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Transce3nd LLC purchased a new stake in eBay in the fourth quarter valued at approximately $36,000. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of eBay by 455.9% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,107 shares of the e-commerce company's stock worth $131,000 after buying an additional 1,728 shares during the last quarter. Mirova grew its holdings in eBay by 37.1% during the fourth quarter. Mirova now owns 93,212 shares of the e-commerce company's stock worth $5,774,000 after acquiring an additional 25,205 shares during the period. MML Investors Services LLC lifted its stake in shares of eBay by 3.9% in the 4th quarter. MML Investors Services LLC now owns 139,080 shares of the e-commerce company's stock valued at $8,616,000 after purchasing an additional 5,248 shares during the period. Finally, Norinchukin Bank The grew its position in shares of eBay by 8.8% during the 4th quarter. Norinchukin Bank The now owns 22,264 shares of the e-commerce company's stock valued at $1,379,000 after acquiring an additional 1,805 shares during the period. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $72.00 target price on shares of eBay in a research report on Thursday, February 27th. Cantor Fitzgerald upped their price target on eBay from $65.00 to $70.00 and gave the company a "neutral" rating in a research note on Thursday, February 27th. Sanford C. Bernstein cut eBay from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $70.00 to $65.00 in a report on Tuesday. Morgan Stanley decreased their price objective on eBay from $71.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, Stifel Nicolaus dropped their target price on eBay from $63.00 to $61.00 and set a "hold" rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, eBay currently has a consensus rating of "Hold" and a consensus target price of $64.79.

Insider Transactions at eBay

In related news, CFO Stephen J. Priest sold 1,167 shares of the company's stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $66.21, for a total value of $77,267.07. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,308,946.80. 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 the SEC website. Also, SVP Cornelius Boone sold 3,958 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the sale, the senior vice president now directly owns 94,392 shares in the company, valued at approximately $6,329,927.52. The trade was a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,310 shares of company stock worth $3,121,626 over the last ninety days. 0.38% of the stock is currently owned by corporate insiders.

eBay Price Performance

Shares of NASDAQ:EBAY traded up $0.63 on Friday, hitting $67.83. The company had a trading volume of 4,200,775 shares, compared to its average volume of 4,954,527. 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 market cap of $31.61 billion, a PE ratio of 17.04, a PEG ratio of 2.22 and a beta of 1.43. eBay Inc. has a 52-week low of $48.52 and a 52-week high of $71.61. The business has a 50 day moving average of $66.09 and a 200 day moving average of $64.98.

eBay Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.29 per share. This is a boost from eBay's previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Friday, March 14th. eBay's dividend payout ratio (DPR) is currently 29.07%.

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.