MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Reduces Holdings in eBay Inc. (NASDAQ:EBAY)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lessened its position in shares of eBay Inc. (NASDAQ:EBAY) by 71.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,868 shares of the e-commerce company’s stock after selling 32,124 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in eBay were worth $799,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP bought a new position in eBay in the 3rd quarter worth about $36,000. USA Financial Formulas bought a new position in eBay in the 3rd quarter worth about $38,000. Northwest Investment Counselors LLC bought a new position in eBay in the 3rd quarter worth about $50,000. Versant Capital Management Inc increased its stake in eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after acquiring an additional 448 shares during the last quarter. Finally, Financial Management Professionals Inc. increased its stake in eBay by 276.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock worth $55,000 after acquiring an additional 621 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

Insider Transactions at eBay

In related news, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total transaction of $67,072.69. Following the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,225,644.40. The trade was a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total value of $355,556.25. Following the transaction, the chief executive officer now owns 531,167 shares in the company, valued at $33,575,066.07. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,149 shares of company stock worth $1,704,778 in the last ninety days. Insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EBAY. Jefferies Financial Group lowered eBay from a “hold” rating to an “underperform” rating and reduced their price objective for the company from $60.00 to $52.00 in a research report on Tuesday, December 10th. The Goldman Sachs Group increased their price objective on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research report on Tuesday, October 15th. Needham & Company LLC reiterated a “buy” rating and set a $72.00 price objective on shares of eBay in a research report on Thursday, October 31st. Cantor Fitzgerald reiterated a “neutral” rating and set a $62.00 price objective on shares of eBay in a research report on Monday, October 7th. Finally, Stifel Nicolaus increased their price objective on eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $62.83.

eBay Stock Up 0.1 %

eBay stock opened at $64.81 on Friday. The firm has a market cap of $31.04 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 2.02 and a beta of 1.35. The stock has a fifty day simple moving average of $63.86 and a two-hundred day simple moving average of $61.31. eBay Inc. has a 12 month low of $40.74 and a 12 month high of $71.52. The company has a current ratio of 1.25, a quick 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 was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.27 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.67%. eBay’s dividend payout ratio (DPR) is currently 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.