TCTC Holdings LLC Increases Stock Position in eBay Inc. (NASDAQ:EBAY)

TCTC Holdings LLC boosted its stake in eBay Inc. (NASDAQ:EBAY) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,380 shares of the e-commerce company’s stock after purchasing an additional 601 shares during the quarter. TCTC Holdings LLC’s holdings in eBay were worth $4,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of EBAY. Golden State Wealth Management LLC purchased a new stake in eBay in the fourth quarter valued at approximately $27,000. Quarry LP purchased a new position in shares of eBay during the third quarter worth approximately $36,000. New Wave Wealth Advisors LLC bought a new position in shares of eBay in the fourth quarter worth approximately $36,000. Versant Capital Management Inc grew its holdings in shares of eBay by 115.5% in the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after purchasing an additional 448 shares during the last quarter. Finally, Washington Trust Advisors Inc. grew its holdings in shares of eBay by 37.8% in the fourth quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company’s stock worth $52,000 after purchasing an additional 230 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total value of $378,281.25. Following the transaction, the chief executive officer now owns 530,998 shares in the company, valued at $35,709,615.50. This represents a 1.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Cornelius Boone sold 3,989 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the completion of the transaction, the senior vice president now owns 71,469 shares in the company, valued at $4,659,778.80. This trade represents a 5.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,272 shares of company stock worth $1,056,324. Company insiders own 0.38% of the company’s stock.

eBay Price Performance

EBAY opened at $65.28 on Monday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $30.42 billion, a P/E ratio of 16.40, a P/E/G ratio of 2.22 and a beta of 1.45. The company’s 50-day simple moving average is $66.97 and its two-hundred day simple moving average is $64.45. eBay Inc. has a 52-week low of $48.52 and a 52-week high of $71.61.

eBay Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 1.78%. This is a boost from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio is currently 29.07%.

Analyst Upgrades and Downgrades

EBAY has been the topic of several recent analyst reports. UBS Group raised their target price on shares of eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. Bank of America cut their target price on shares of eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. Wedbush started coverage on shares of eBay in a report on Monday, December 9th. They issued a “neutral” rating and a $70.00 target price on the stock. BMO Capital Markets lifted their price target on shares of eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a report on Thursday, February 27th. Finally, JMP Securities reissued a “market perform” rating on shares of eBay in a research report on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, eBay has an average rating of “Hold” and a consensus target price of $65.54.

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.