Mn Services Vermogensbeheer B.V. Trims Stake in eBay Inc. (NASDAQ:EBAY)

Mn Services Vermogensbeheer B.V. lessened its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 2.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 203,900 shares of the e-commerce company's stock after selling 5,900 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in eBay were worth $10,954,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in EBAY. Atlantic Union Bankshares Corp boosted its stake in eBay by 30.0% during the second quarter. Atlantic Union Bankshares Corp now owns 46,343 shares of the e-commerce company's stock worth $2,490,000 after acquiring an additional 10,704 shares in the last quarter. Family Firm Inc. purchased a new position in shares of eBay during the second quarter valued at approximately $55,000. Retirement Systems of Alabama lifted its holdings in shares of eBay by 20.9% during the second quarter. Retirement Systems of Alabama now owns 776,732 shares of the e-commerce company's stock valued at $41,726,000 after purchasing an additional 134,381 shares during the last quarter. Premier Path Wealth Partners LLC bought a new stake in shares of eBay in the 2nd quarter worth approximately $216,000. Finally, JB Capital LLC purchased a new stake in shares of eBay in the 2nd quarter worth approximately $9,620,000. 87.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EBAY has been the subject of a number of recent research reports. Wolfe Research began coverage on eBay in a research note on Tuesday, July 16th. They set a "peer perform" rating for the company. Bank of America lifted their price target on eBay from $53.00 to $57.00 and gave the stock a "neutral" rating in a research report on Thursday, August 1st. Morgan Stanley increased their price objective on shares of eBay from $61.00 to $64.00 and gave the company an "overweight" rating in a research report on Friday, July 19th. Daiwa America upgraded shares of eBay to a "hold" rating in a research note on Wednesday, August 14th. Finally, Barclays upped their target price on shares of eBay from $61.00 to $65.00 and gave the stock an "overweight" rating in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $56.65.

Insider Buying and Selling at eBay

In other news, CAO Rebecca Spencer sold 2,083 shares of the firm's stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $53.62, for a total value of $111,690.46. Following the transaction, the chief accounting officer now owns 4,109 shares of the company's stock, valued at $220,324.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other eBay news, CAO Rebecca Spencer sold 2,083 shares of eBay stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $53.62, for a total value of $111,690.46. Following the sale, the chief accounting officer now directly owns 4,109 shares in the company, valued at approximately $220,324.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Julie A. Loeger sold 7,419 shares of the stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $54.20, for a total transaction of $402,109.80. Following the transaction, the senior vice president now directly owns 70,797 shares of the company's stock, valued at approximately $3,837,197.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,488 shares of company stock valued at $565,910. Company insiders own 0.38% of the company's stock.

eBay Stock Performance

Shares of NASDAQ EBAY traded down $0.14 during midday trading on Friday, hitting $58.88. 2,824,281 shares of the company's stock traded hands, compared to its average volume of 5,606,363. The firm has a fifty day moving average of $54.68 and a 200 day moving average of $51.80. eBay Inc. has a 1 year low of $37.17 and a 1 year high of $59.36. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.99 and a current ratio of 1.25. The stock has a market capitalization of $29.56 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 2.58 and a beta of 1.31.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.08 annualized dividend and a yield of 1.83%. eBay's dividend payout ratio (DPR) is presently 21.51%.

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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