Townsquare Capital LLC Has $1.36 Million Holdings in eBay Inc. (NASDAQ:EBAY)

Townsquare Capital LLC reduced its position in eBay Inc. (NASDAQ:EBAY) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,998 shares of the e-commerce company’s stock after selling 677 shares during the quarter. Townsquare Capital LLC’s holdings in eBay were worth $1,363,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Nordea Investment Management AB increased its stake in eBay by 3.8% in the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock valued at $573,220,000 after acquiring an additional 335,035 shares during the period. Victory Capital Management Inc. lifted its position in shares of eBay by 1.4% during the 4th quarter. Victory Capital Management Inc. now owns 5,936,508 shares of the e-commerce company’s stock worth $367,767,000 after buying an additional 82,904 shares during the period. Boston Partners boosted its stake in eBay by 35.2% in the 4th quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company’s stock valued at $362,823,000 after buying an additional 1,524,691 shares in the last quarter. Amundi grew its position in eBay by 16.8% in the fourth quarter. Amundi now owns 4,719,128 shares of the e-commerce company’s stock valued at $292,350,000 after acquiring an additional 677,389 shares during the period. Finally, Lyrical Asset Management LP raised its stake in eBay by 1.2% during the fourth quarter. Lyrical Asset Management LP now owns 4,036,934 shares of the e-commerce company’s stock worth $250,088,000 after acquiring an additional 48,402 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

Insider Activity

In other news, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $66.21, for a total value of $77,267.07. Following the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,308,946.80. The trade was a 1.76 % decrease in their ownership of the stock. The sale 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 on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the transaction, the senior vice president now directly owns 94,392 shares of the company’s stock, valued at approximately $6,329,927.52. This trade represents a 4.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,310 shares of company stock worth $3,121,626 over the last three months. Corporate insiders own 0.38% of the company’s stock.

eBay Stock Up 1.2 %

eBay stock opened at $66.26 on Friday. eBay Inc. has a twelve month low of $48.52 and a twelve month high of $71.61. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a 50 day moving average of $66.34 and a 200-day moving average of $64.96. The stock has a market capitalization of $30.88 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43.

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 $0.29 dividend. This is an increase from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.75%. eBay’s dividend payout ratio (DPR) is currently 29.07%.

Wall Street Analysts Forecast Growth

EBAY has been the subject of a number of recent analyst reports. Stifel Nicolaus dropped their target price on shares of eBay from $64.00 to $63.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Bank of America decreased their price target on eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. BMO Capital Markets increased their target price on eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a report on Thursday, February 27th. StockNews.com raised eBay from a “hold” rating to a “buy” rating in a report on Wednesday, April 9th. Finally, Morgan Stanley reduced their target price on shares of eBay from $71.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $65.13.

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.