MetLife Investment Management LLC Decreases Holdings in eBay Inc. (NASDAQ:EBAY)

MetLife Investment Management LLC lowered its position in eBay Inc. (NASDAQ:EBAY) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,772 shares of the e-commerce company’s stock after selling 678 shares during the quarter. MetLife Investment Management LLC’s holdings in eBay were worth $7,854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in EBAY. Smithfield Trust Co grew its holdings in shares of eBay by 3.6% during the 4th quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company’s stock valued at $274,000 after purchasing an additional 153 shares during the last quarter. Cypress Wealth Services LLC boosted its position in eBay by 4.7% during the fourth quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock valued at $216,000 after buying an additional 157 shares during the period. IFP Advisors Inc grew its stake in shares of eBay by 7.2% during the fourth quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company’s stock valued at $150,000 after buying an additional 163 shares during the last quarter. Capital Investment Advisors LLC increased its holdings in shares of eBay by 4.1% in the fourth quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock worth $262,000 after buying an additional 167 shares during the period. Finally, Bailard Inc. lifted its stake in shares of eBay by 0.5% in the 4th quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company’s stock valued at $2,147,000 after acquiring an additional 169 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at eBay

In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the company’s stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $66.21, for a total value of $77,267.07. Following the completion of the sale, the chief financial officer now owns 65,080 shares in the company, valued at $4,308,946.80. This represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value of $378,281.25. Following the completion of the transaction, the chief executive officer now directly owns 530,998 shares in the company, valued at $35,709,615.50. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,310 shares of company stock worth $3,121,626 in the last quarter. Company insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EBAY. Bank of America reduced their price target on eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. Citigroup lifted their target price on shares of eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. dropped their price target on shares of eBay from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Barclays set a $72.00 price target on shares of eBay and gave the stock an “overweight” rating in a report on Thursday, February 27th. Finally, BMO Capital Markets upped their price objective on shares of eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, eBay has a consensus rating of “Hold” and an average price target of $65.13.

eBay Price Performance

Shares of EBAY opened at $65.63 on Tuesday. The firm has a fifty day simple moving average of $66.25 and a two-hundred day simple moving average of $64.95. The firm has a market cap of $30.58 billion, a PE ratio of 16.49, a P/E/G ratio of 2.22 and a beta of 1.43. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 1-year low of $48.52 and a 1-year high of $71.61.

eBay Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.77%. This is a positive change from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio is presently 29.07%.

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.