Natixis Advisors L.P. Has $18.11 Million Position in eBay Inc. (NASDAQ:EBAY)

Natixis Advisors L.P. lessened its position in eBay Inc. (NASDAQ:EBAYGet Rating) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 272,353 shares of the e-commerce company’s stock after selling 1,513 shares during the period. Natixis Advisors L.P.’s holdings in eBay were worth $18,111,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. JustInvest LLC grew its position in shares of eBay by 0.4% in the 3rd quarter. JustInvest LLC now owns 36,456 shares of the e-commerce company’s stock valued at $2,540,000 after buying an additional 146 shares during the last quarter. Buckingham Strategic Wealth LLC increased its position in shares of eBay by 4.4% during the third quarter. Buckingham Strategic Wealth LLC now owns 3,533 shares of the e-commerce company’s stock valued at $246,000 after acquiring an additional 148 shares during the last quarter. People s United Financial Inc. increased its position in shares of eBay by 1.3% during the third quarter. People s United Financial Inc. now owns 12,422 shares of the e-commerce company’s stock valued at $865,000 after acquiring an additional 161 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in shares of eBay by 3.0% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,396 shares of the e-commerce company’s stock valued at $425,000 after acquiring an additional 184 shares during the last quarter. Finally, Violich Capital Management Inc. grew its holdings in eBay by 3.2% during the fourth quarter. Violich Capital Management Inc. now owns 6,405 shares of the e-commerce company’s stock valued at $426,000 after purchasing an additional 200 shares during the period. 82.95% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on EBAY shares. Barclays cut their price target on eBay from $91.00 to $73.00 in a report on Thursday, February 24th. Evercore ISI lowered their price target on eBay from $76.00 to $69.00 and set an “inline” rating on the stock in a research report on Thursday, February 24th. Wedbush decreased their price objective on eBay from $68.00 to $53.00 and set a “neutral” rating on the stock in a report on Thursday, February 24th. Truist Financial reduced their price target on eBay from $77.00 to $68.00 in a report on Thursday, February 24th. Finally, Bank of America cut their price objective on eBay from $75.00 to $67.00 and set a “neutral” rating on the stock in a research report on Thursday, February 24th. Fourteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, eBay has a consensus rating of “Hold” and an average price target of $69.88.

NASDAQ:EBAY traded down $1.85 during midday trading on Friday, hitting $51.92. 8,341,284 shares of the company were exchanged, compared to its average volume of 4,794,817. The company has a fifty day simple moving average of $54.94 and a 200 day simple moving average of $62.90. eBay Inc. has a fifty-two week low of $49.53 and a fifty-two week high of $81.19. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $29.45 billion, a PE ratio of 2.56, a price-to-earnings-growth ratio of 1.34 and a beta of 1.16.

eBay (NASDAQ:EBAYGet Rating) last issued its quarterly earnings data on Wednesday, February 23rd. The e-commerce company reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.07. eBay had a net margin of 125.94% and a return on equity of 24.01%. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same period last year, the firm posted $0.72 EPS. eBay’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities research analysts expect that eBay Inc. will post 3.57 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 18th. Shareholders of record on Thursday, March 10th were given a dividend of $0.22 per share. This is an increase from eBay’s previous quarterly dividend of $0.18. This represents a $0.88 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend was Wednesday, March 9th. eBay’s dividend payout ratio (DPR) is presently 4.35%.

In other news, SVP Pete Thompson sold 49,523 shares of eBay stock in a transaction dated Thursday, March 17th. The shares were sold at an average price of $54.45, for a total value of $2,696,527.35. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.21% of the company’s stock.

About eBay (Get Rating)

eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, directories, search engines, commerce participants, shopping channels, and networks.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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