MetLife Investment Management LLC Sells 7,515 Shares of eBay Inc. (NASDAQ:EBAY)

MetLife Investment Management LLC lessened its position in eBay Inc. (NASDAQ:EBAY) by 5.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 127,450 shares of the e-commerce company’s stock after selling 7,515 shares during the period. MetLife Investment Management LLC’s holdings in eBay were worth $8,298,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of eBay in the second quarter worth about $26,000. Tortoise Investment Management LLC lifted its holdings in eBay by 894.2% in the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after buying an additional 465 shares during the period. LRI Investments LLC bought a new stake in shares of eBay in the 1st quarter worth approximately $29,000. Hobbs Group Advisors LLC purchased a new position in shares of eBay during the second quarter valued at approximately $29,000. Finally, Gradient Investments LLC raised its holdings in shares of eBay by 86.3% during the second quarter. Gradient Investments LLC now owns 613 shares of the e-commerce company’s stock valued at $33,000 after acquiring an additional 284 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, November 1st. UBS Group decreased their price target on shares of eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Needham & Company LLC restated a “buy” rating and issued a $72.00 price objective on shares of eBay in a report on Thursday, October 31st. StockNews.com downgraded eBay from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, Susquehanna raised their target price on eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, eBay currently has a consensus rating of “Hold” and a consensus price target of $62.87.

Insider Transactions at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $59.91, for a total value of $336,993.75. Following the transaction, the chief executive officer now owns 548,042 shares of the company’s stock, valued at approximately $32,833,196.22. This trade represents a 1.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the transaction, the chief financial officer now owns 70,332 shares in the company, valued at $4,494,918.12. This represents a 26.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,016 shares of company stock worth $3,015,417 in the last ninety days. Insiders own 0.38% of the company’s stock.

eBay Stock Down 1.2 %

EBAY opened at $64.31 on Friday. The stock has a market capitalization of $30.80 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 1.70 and a beta of 1.34. The firm has a 50 day moving average price of $63.61 and a 200-day moving average price of $58.26. eBay Inc. has a twelve month low of $40.16 and a twelve month high of $67.80. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.68%. eBay’s payout ratio is 27.14%.

eBay 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.