B. Metzler seel. Sohn & Co. AG Reduces Holdings in eBay Inc. (NASDAQ:EBAY)

B. Metzler seel. Sohn & Co. AG lowered its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 60.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 32,139 shares of the e-commerce company's stock after selling 49,417 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in eBay were worth $1,991,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Smithfield Trust Co grew its holdings in shares of eBay by 3.6% in the fourth quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company's stock worth $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 4th 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 holdings in eBay by 7.2% in the 4th quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company's stock worth $150,000 after acquiring an additional 163 shares during the last quarter. Capital Investment Advisors LLC increased its position 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 valued at $262,000 after acquiring an additional 167 shares during the period. Finally, Bailard Inc. raised its stake in shares of eBay by 0.5% during the fourth 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. Hedge funds and other institutional investors own 87.48% of the company's stock.

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Insider Transactions at eBay

In related news, CFO Stephen J. Priest sold 1,033 shares of the business's stock in a transaction that occurred on Thursday, January 16th. The shares were 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 directly owns 65,080 shares in the company, valued at $4,225,644.40. The trade was a 1.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction 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 represents a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,676 shares of company stock worth $2,613,807. Corporate insiders own 0.38% of the company's stock.

eBay Stock Down 6.0 %

Shares of NASDAQ:EBAY traded down $3.96 on Friday, hitting $62.40. 8,338,448 shares of the company traded hands, compared to its average volume of 4,879,330. The company has a market cap of $29.08 billion, a PE ratio of 15.68, a PEG ratio of 2.22 and a beta of 1.43. The stock has a 50 day simple moving average of $67.26 and a 200-day simple moving average of $65.04. eBay Inc. has a 52 week low of $48.52 and a 52 week high of $71.61. 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.29 dividend. The ex-dividend date was Friday, March 14th. This is a boost from eBay's previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.86%. eBay's payout ratio is 29.07%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. JMP Securities reissued a "market perform" rating on shares of eBay in a research note on Monday, December 16th. Barclays set a $72.00 price objective on eBay and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Susquehanna upped their target price on eBay from $60.00 to $65.00 and gave the company a "neutral" rating in a report on Monday, March 3rd. Wells Fargo & Company dropped their price target on eBay from $64.00 to $62.00 and set an "equal weight" rating for the company in a research note on Wednesday. Finally, BMO Capital Markets boosted their price objective on shares of eBay from $59.00 to $63.00 and gave the company a "market perform" rating in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $65.46.

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.