MML Investors Services LLC Has $8.71 Million Stock Holdings in eBay Inc. (NASDAQ:EBAY)

MML Investors Services LLC raised its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 6.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 133,832 shares of the e-commerce company's stock after buying an additional 8,632 shares during the quarter. MML Investors Services LLC's holdings in eBay were worth $8,714,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of EBAY. Ameriprise Financial Inc. raised its position in shares of eBay by 17.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company's stock valued at $1,394,797,000 after purchasing an additional 3,880,649 shares during the last quarter. Mirova US LLC raised its position in shares of eBay by 2.1% in the 2nd quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company's stock valued at $492,657,000 after purchasing an additional 189,505 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of eBay by 12.5% in the 2nd quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company's stock valued at $404,879,000 after purchasing an additional 838,969 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of eBay by 8.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company's stock valued at $361,159,000 after purchasing an additional 530,941 shares during the last quarter. Finally, LSV Asset Management raised its position in shares of eBay by 22.2% in the 2nd quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company's stock valued at $360,211,000 after purchasing an additional 1,216,885 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on EBAY. JPMorgan Chase & Co. cut their price target on shares of eBay from $60.00 to $58.00 and set a "neutral" rating on the stock in a report on Friday, November 1st. The Goldman Sachs Group increased their price target on shares of eBay from $46.00 to $55.00 and gave the stock a "sell" rating in a report on Tuesday, October 15th. Daiwa America upgraded shares of eBay to a "hold" rating in a report on Wednesday, August 14th. UBS Group cut their price target on shares of eBay from $72.00 to $66.00 and set a "neutral" rating on the stock in a report on Thursday, October 31st. Finally, Morgan Stanley increased their price target on shares of eBay from $65.00 to $71.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $62.63.

eBay Stock Up 1.2 %

Shares of EBAY stock traded up $0.73 during trading hours on Thursday, reaching $63.90. The company had a trading volume of 3,746,316 shares, compared to its average volume of 5,303,686. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a twelve month low of $40.16 and a twelve month high of $67.80. The company has a market capitalization of $30.61 billion, a P/E ratio of 16.02, a price-to-earnings-growth ratio of 1.67 and a beta of 1.35. The stock's fifty day simple moving average is $63.45 and its 200 day simple moving average is $59.00.

eBay Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a yield of 1.69%. eBay's dividend payout ratio (DPR) is presently 27.14%.

Insiders Place Their Bets

In other news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Monday, October 7th. The stock was sold at an average price of $66.56, for a total transaction of $374,400.00. Following the transaction, the chief executive officer now directly owns 553,666 shares in the company, valued at approximately $36,852,008.96. This trade represents a 1.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total value of $77,757.21. Following the transaction, the chief financial officer now owns 65,079 shares in the company, valued at approximately $4,336,213.77. This trade represents a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,641 shares of company stock valued at $3,370,974 in the last quarter. 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.