New York Life Investment Management LLC Decreases Stock Position in eBay Inc. (NASDAQ:EBAY)

New York Life Investment Management LLC cut its stake in eBay Inc. (NASDAQ:EBAY) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,191 shares of the e-commerce company’s stock after selling 1,336 shares during the period. New York Life Investment Management LLC’s holdings in eBay were worth $4,472,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Nordea Investment Management AB boosted its holdings 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 purchasing an additional 335,035 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in eBay by 4.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,447,627 shares of the e-commerce company’s stock valued at $354,695,000 after purchasing an additional 216,162 shares during the period. Smead Capital Management Inc. boosted its holdings in eBay by 3.5% in the third quarter. Smead Capital Management Inc. now owns 3,725,760 shares of the e-commerce company’s stock valued at $242,584,000 after purchasing an additional 125,708 shares during the period. Allianz Asset Management GmbH boosted its holdings in eBay by 23.2% in the fourth quarter. Allianz Asset Management GmbH now owns 2,460,879 shares of the e-commerce company’s stock valued at $152,451,000 after purchasing an additional 463,015 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in eBay by 4.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,888,758 shares of the e-commerce company’s stock valued at $117,009,000 after purchasing an additional 73,351 shares during the period. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. JMP Securities reaffirmed a “market perform” rating on shares of eBay in a report on Monday, December 16th. StockNews.com raised eBay from a “hold” rating to a “buy” rating in a report on Friday. Morgan Stanley lifted their price target on eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. JPMorgan Chase & Co. lifted their price target on eBay from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Barclays set a $72.00 price target on eBay and gave the stock an “overweight” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $65.33.

Insider Buying and Selling at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total transaction of $355,556.25. Following the completion of the sale, the chief executive officer now directly owns 531,167 shares of the company’s stock, valued at $33,575,066.07. This represents a 1.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen J. Priest sold 5,252 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $63.63, for a total value of $334,184.76. Following the transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. This trade represents a 7.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,149 shares of company stock valued at $1,746,065 in the last ninety days. Insiders own 0.38% of the company’s stock.

eBay Stock Up 2.0 %

EBAY opened at $64.74 on Friday. The business has a 50 day moving average price of $66.22 and a two-hundred day moving average price of $63.78. 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 market cap of $31.01 billion, a PE ratio of 16.27, a P/E/G ratio of 2.22 and a beta of 1.35. eBay Inc. has a 52 week low of $48.04 and a 52 week high of $71.61.

eBay Increases Dividend

The business also recently disclosed 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 is Friday, March 14th. This is an increase from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.79%. eBay’s dividend payout ratio is currently 29.07%.

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.