MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Sells 32,124 Shares of eBay Inc. (NASDAQ:EBAY)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH trimmed its position in eBay Inc. (NASDAQ:EBAY) by 71.4% during the 4th quarter, HoldingsChannel reports. The firm owned 12,868 shares of the e-commerce company’s stock after selling 32,124 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in eBay were worth $799,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Private Advisor Group LLC increased its holdings in shares of eBay by 90.7% in the third quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock worth $2,963,000 after purchasing an additional 21,636 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of eBay by 2.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock worth $3,489,000 after purchasing an additional 1,063 shares during the last quarter. Prospera Financial Services Inc increased its holdings in shares of eBay by 794.2% in the third quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock worth $4,598,000 after purchasing an additional 62,719 shares during the last quarter. Trustmark National Bank Trust Department bought a new stake in shares of eBay in the third quarter worth about $1,307,000. Finally, Principal Financial Group Inc. increased its stake in eBay by 1.7% during the third quarter. Principal Financial Group Inc. now owns 594,161 shares of the e-commerce company’s stock worth $38,686,000 after acquiring an additional 9,990 shares during the last quarter. 87.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on EBAY shares. Barclays reduced their price objective on eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft reduced their price objective on eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Sanford C. Bernstein raised eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price objective on the stock in a research note on Tuesday, November 5th. TD Cowen boosted their price objective on eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Finally, Needham & Company LLC reissued a “buy” rating and set a $72.00 price objective on shares of eBay in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $62.83.

eBay Stock Up 0.1 %

eBay stock opened at $64.81 on Friday. The business has a fifty day moving average of $63.86 and a two-hundred day moving average of $61.31. The firm has a market cap of $31.04 billion, a P/E ratio of 16.28, a P/E/G ratio of 2.02 and a beta of 1.35. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a twelve month low of $40.74 and a twelve month high of $71.52.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.67%. eBay’s dividend payout ratio is presently 27.14%.

Insider Activity

In other news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $59.91, for a total transaction of $336,993.75. Following the completion of the sale, the chief executive officer now owns 548,042 shares in the company, valued at approximately $32,833,196.22. This represents a 1.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 1,033 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,225,644.40. This trade represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,149 shares of company stock worth $1,704,778. Insiders own 0.38% of the company’s stock.

eBay Company 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.