eBay Inc. (NASDAQ:EBAY) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. trimmed its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 7.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 187,800 shares of the e-commerce company's stock after selling 14,600 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in eBay were worth $12,720,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kestra Investment Management LLC increased its position in shares of eBay by 172.5% in the fourth quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company's stock worth $692,000 after purchasing an additional 7,074 shares during the last quarter. Van ECK Associates Corp increased its position in shares of eBay by 5,091.9% in the fourth quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company's stock worth $8,800,000 after purchasing an additional 139,315 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of eBay by 35.1% in the fourth quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company's stock worth $503,000 after purchasing an additional 2,110 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of eBay in the fourth quarter worth approximately $8,644,000. Finally, TCW Group Inc. increased its position in shares of eBay by 45.8% in the fourth quarter. TCW Group Inc. now owns 53,900 shares of the e-commerce company's stock worth $3,339,000 after purchasing an additional 16,919 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EBAY has been the subject of a number of analyst reports. Citigroup dropped their price objective on eBay from $80.00 to $79.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Wedbush reiterated a "neutral" rating and issued a $72.00 price target on shares of eBay in a research note on Wednesday, June 11th. Bank of America lowered their target price on shares of eBay from $72.00 to $71.00 and set a "neutral" rating on the stock in a research note on Thursday, February 27th. Morgan Stanley upped their price target on shares of eBay from $70.00 to $74.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Evercore ISI increased their target price on shares of eBay from $63.00 to $69.00 and gave the stock an "in-line" rating in a report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $67.73.

eBay Trading Up 0.5%

EBAY traded up $0.35 during mid-day trading on Monday, hitting $77.71. 4,940,210 shares of the stock were exchanged, compared to its average volume of 4,987,059. The firm's fifty day moving average is $70.22 and its two-hundred day moving average is $67.30. eBay Inc. has a 1-year low of $51.72 and a 1-year high of $79.84. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a market cap of $35.82 billion, a PE ratio of 19.53, a PEG ratio of 2.22 and a beta of 1.27.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.04. eBay had a return on equity of 30.97% and a net margin of 19.68%. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the prior year, the business earned $1.25 EPS. eBay's revenue was up 1.1% on a year-over-year basis. Equities analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a dividend of $0.29 per share. The ex-dividend date was Friday, May 30th. This represents a $1.16 annualized dividend and a yield of 1.49%. eBay's dividend payout ratio (DPR) is 27.62%.

Insiders Place Their Bets

In other news, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the transaction, the senior vice president now owns 94,392 shares in the company, valued at approximately $6,329,927.52. This represents a 4.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jamie Iannone sold 7,500 shares of the stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $66.35, for a total value of $497,625.00. Following the completion of the transaction, the chief executive officer now owns 590,108 shares in the company, valued at approximately $39,153,665.80. The trade was a 1.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 296,279 shares of company stock worth $20,872,193 in the last quarter. 0.64% of the stock is owned by company insiders.

About eBay

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.