New York Life Investment Management LLC Lowers Stock Holdings in eBay Inc. (NASDAQ:EBAY)

New York Life Investment Management LLC lowered its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,191 shares of the e-commerce company’s stock after selling 1,336 shares during the quarter. New York Life Investment Management LLC’s holdings in eBay were worth $4,472,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of EBAY. Golden State Wealth Management LLC purchased a new position in eBay during the fourth quarter worth approximately $27,000. Quarry LP purchased a new position in eBay during the third quarter worth approximately $36,000. New Wave Wealth Advisors LLC purchased a new position in eBay during the fourth quarter worth approximately $36,000. Versant Capital Management Inc boosted its position in eBay by 115.5% during the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after purchasing an additional 448 shares in the last quarter. Finally, FSA Wealth Management LLC purchased a new position in shares of eBay in the third quarter valued at approximately $55,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the transaction, the chief executive officer now directly owns 530,998 shares in the company, valued at $35,709,615.50. This trade represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Stephen J. Priest sold 5,252 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $63.63, for a total value of $334,184.76. Following the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. This represents a 7.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,149 shares of company stock valued at $1,746,065 over the last quarter. 0.38% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Truist Financial raised their target price on eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Bank of America decreased their target price on eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday. Stifel Nicolaus decreased their target price on eBay from $64.00 to $63.00 and set a “hold” rating on the stock in a research report on Thursday. Citigroup raised their target price on eBay from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, StockNews.com upgraded eBay from a “hold” rating to a “buy” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $65.33.

eBay Price Performance

EBAY stock opened at $64.74 on Friday. The business has a fifty day moving average of $66.22 and a two-hundred day moving average of $63.78. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock has a market cap of $31.01 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. eBay Inc. has a 52-week low of $48.04 and a 52-week high of $71.61.

eBay Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.29 per share. This is a boost from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 1.79%. eBay’s dividend payout ratio (DPR) is 29.07%.

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.