Brandywine Global Investment Management LLC Buys 221,129 Shares of eBay Inc. (NASDAQ:EBAY)

Brandywine Global Investment Management LLC raised its stake in eBay Inc. (NASDAQ:EBAY) by 49.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 665,814 shares of the e-commerce company’s stock after buying an additional 221,129 shares during the period. Brandywine Global Investment Management LLC owned about 0.14% of eBay worth $41,247,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Townsquare Capital LLC raised its position in eBay by 17.9% during the third quarter. Townsquare Capital LLC now owns 22,675 shares of the e-commerce company’s stock valued at $1,476,000 after purchasing an additional 3,450 shares in the last quarter. Public Sector Pension Investment Board increased its position in shares of eBay by 9.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 19,555 shares of the e-commerce company’s stock valued at $1,273,000 after purchasing an additional 1,700 shares during the last quarter. Atlantic Union Bankshares Corp raised its holdings in shares of eBay by 7.1% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 49,616 shares of the e-commerce company’s stock valued at $3,230,000 after buying an additional 3,273 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of eBay by 38.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 812,109 shares of the e-commerce company’s stock valued at $52,876,000 after buying an additional 224,700 shares in the last quarter. Finally, Maverick Capital Ltd. lifted its position in eBay by 2.9% in the 3rd quarter. Maverick Capital Ltd. now owns 47,513 shares of the e-commerce company’s stock worth $3,094,000 after buying an additional 1,330 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Stock Up 0.5 %

EBAY stock opened at $67.16 on Friday. 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 business has a 50 day moving average of $67.11 and a 200 day moving average of $64.92. eBay Inc. has a twelve month low of $48.52 and a twelve month high of $71.61. The firm has a market cap of $31.30 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The firm also recently announced 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 represents a $1.16 annualized dividend and a yield of 1.73%. This is an increase from eBay’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, March 14th. eBay’s dividend payout ratio (DPR) is currently 29.07%.

Insiders Place Their Bets

In related news, SVP Cornelius Boone sold 3,958 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the sale, the senior vice president now owns 94,392 shares in the company, valued at approximately $6,329,927.52. This trade represents a 4.02 % 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, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction 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 sale, the chief executive officer now owns 530,998 shares of the company’s stock, valued at approximately $35,709,615.50. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,241 shares of company stock valued at $1,061,665. Corporate insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EBAY. Needham & Company LLC reiterated a “buy” rating and set a $72.00 price target on shares of eBay in a research report on Thursday, February 27th. Susquehanna increased their target price on shares of eBay from $60.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Wedbush initiated coverage on shares of eBay in a research note on Monday, December 9th. They issued a “neutral” rating and a $70.00 price target for the company. Bank of America reduced their price objective on eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. boosted their target price on eBay from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $65.54.

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.