MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Sells 64,809 Shares of eBay Inc. (NASDAQ:EBAY)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lessened its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 86.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,544 shares of the e-commerce company's stock after selling 64,809 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in eBay were worth $566,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in eBay by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company's stock valued at $3,321,403,000 after buying an additional 4,524,934 shares in the last quarter. M&G Plc acquired a new stake in shares of eBay in the 1st quarter valued at $97,557,000. Swedbank AB bought a new stake in shares of eBay in the 1st quarter worth about $73,777,000. Norges Bank acquired a new stake in shares of eBay during the 4th quarter worth about $53,019,000. Finally, Dimensional Fund Advisors LP lifted its holdings in eBay by 22.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,248,438 shares of the e-commerce company's stock valued at $272,551,000 after purchasing an additional 1,141,288 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Morgan Stanley upped their price objective on shares of eBay from $61.00 to $64.00 and gave the stock an "overweight" rating in a research note on Friday, July 19th. Truist Financial lifted their price objective on eBay from $50.00 to $58.00 and gave the company a "hold" rating in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft boosted their price objective on eBay from $60.00 to $64.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Piper Sandler restated an "overweight" rating and issued a $64.00 target price (up from $58.00) on shares of eBay in a research note on Thursday, August 1st. Finally, Citigroup upped their price target on shares of eBay from $64.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $56.65.

Insider Activity

In other news, SVP Edward O. Garcia sold 986 shares of the business's stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total value of $52,110.10. Following the sale, the senior vice president now directly owns 37,126 shares in the company, valued at $1,962,109.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CAO Rebecca Spencer sold 2,083 shares of the company's stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $53.62, for a total transaction of $111,690.46. Following the sale, the chief accounting officer now owns 4,109 shares in the company, valued at $220,324.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Edward O. Garcia sold 986 shares of the business's stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total value of $52,110.10. Following the transaction, the senior vice president now directly owns 37,126 shares in the company, valued at approximately $1,962,109.10. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company's stock.

eBay Trading Up 0.9 %

EBAY traded up $0.50 during mid-day trading on Monday, hitting $59.10. The stock had a trading volume of 5,430,100 shares, compared to its average volume of 5,559,664. The stock's fifty day simple moving average is $55.15 and its 200-day simple moving average is $52.45. The firm has a market capitalization of $28.90 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 2.30 and a beta of 1.31. eBay Inc. has a 1-year low of $37.17 and a 1-year high of $59.85. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Friday, August 30th. eBay's payout ratio is currently 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.