B. Metzler seel. Sohn & Co. Holding AG Acquires New Position in eBay Inc. (NASDAQ:EBAY)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of eBay Inc. (NASDAQ:EBAY) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 81,556 shares of the e-commerce company’s stock, valued at approximately $5,310,000.

Several other hedge funds also recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its stake in eBay by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock valued at $1,394,797,000 after buying an additional 3,880,649 shares during the last quarter. Swedbank AB bought a new stake in eBay in the 1st quarter valued at about $73,777,000. Altshuler Shaham Ltd acquired a new position in eBay during the 2nd quarter valued at about $71,593,000. LSV Asset Management grew its position in eBay by 22.2% in the 2nd quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company’s stock worth $360,211,000 after purchasing an additional 1,216,885 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of eBay in the second quarter valued at approximately $49,924,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Stock Down 0.5 %

NASDAQ EBAY opened at $61.10 on Wednesday. eBay Inc. has a twelve month low of $38.97 and a twelve month high of $67.80. 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 cap of $29.27 billion, a PE ratio of 15.35, a PEG ratio of 1.60 and a beta of 1.34. The firm has a 50-day simple moving average of $63.59 and a 200 day simple moving average of $57.72.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s dividend payout ratio is 27.14%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EBAY. Robert W. Baird lowered their price objective on shares of eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. JPMorgan Chase & Co. decreased their price objective on eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. The Goldman Sachs Group upped their target price on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday, October 15th. TD Cowen boosted their price objective on shares of eBay from $45.00 to $54.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, Sanford C. Bernstein raised shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 target price for the company in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, eBay presently has an average rating of “Hold” and an average price target of $62.87.

Insider Buying and Selling at eBay

In other news, SVP Cornelius Boone sold 3,974 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the sale, the senior vice president now owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. This trade represents a 5.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the sale, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This represents a 26.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,016 shares of company stock valued at $3,015,417. 0.38% of the stock is currently owned by corporate insiders.

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.