MML Investors Services LLC Has $8.62 Million Holdings in eBay Inc. (NASDAQ:EBAY)

MML Investors Services LLC increased its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 139,080 shares of the e-commerce company's stock after purchasing an additional 5,248 shares during the period. MML Investors Services LLC's holdings in eBay were worth $8,616,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Pine Valley Investments Ltd Liability Co bought a new position in shares of eBay during the 3rd quarter worth about $203,000. World Investment Advisors LLC acquired a new position in eBay in the third quarter worth about $2,947,000. Arvest Bank Trust Division bought a new position in eBay during the third quarter worth about $9,716,000. Wilmington Savings Fund Society FSB acquired a new stake in eBay during the third quarter valued at approximately $241,000. Finally, Tidal Investments LLC grew its stake in shares of eBay by 7.5% in the 3rd quarter. Tidal Investments LLC now owns 67,209 shares of the e-commerce company's stock valued at $4,376,000 after purchasing an additional 4,677 shares during the period. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Stock Down 0.6 %

Shares of eBay stock opened at $66.64 on Thursday. 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 12 month low of $48.52 and a 12 month high of $71.61. The stock has a market cap of $31.06 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. The business has a fifty day simple moving average of $66.14 and a 200 day simple moving average of $64.98.

eBay Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.29 per share. This is a positive change from eBay's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 1.74%. eBay's dividend payout ratio (DPR) is presently 29.07%.

Analysts Set New Price Targets

EBAY has been the subject of several analyst reports. StockNews.com downgraded eBay from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. Stifel Nicolaus cut their price objective on eBay from $63.00 to $61.00 and set a "hold" rating for the company in a report on Wednesday. BMO Capital Markets upped their target price on shares of eBay from $59.00 to $63.00 and gave the stock a "market perform" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. cut their price target on shares of eBay from $60.00 to $54.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $72.00 price objective on shares of eBay in a research note on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $64.83.

Insider Buying and Selling at eBay

In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the business'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 transaction, the chief financial officer now directly owns 65,080 shares of the company's stock, valued at approximately $4,308,946.80. The trade was a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 sale, the chief executive officer now directly owns 530,998 shares in the company, valued at approximately $35,709,615.50. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,310 shares of company stock valued at $3,121,626. Corporate 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.

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