Natixis Advisors LLC Purchases 42,790 Shares of eBay Inc. (NASDAQ:EBAY)

Natixis Advisors LLC lifted its position in shares of eBay Inc. (NASDAQ:EBAY) by 10.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 443,462 shares of the e-commerce company’s stock after acquiring an additional 42,790 shares during the quarter. Natixis Advisors LLC owned approximately 0.09% of eBay worth $28,874,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Ameriprise Financial Inc. grew its holdings in eBay by 17.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock worth $1,394,797,000 after acquiring an additional 3,880,649 shares during the period. Mirova US LLC grew its stake in shares of eBay by 2.1% during the second quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock worth $492,657,000 after purchasing an additional 189,505 shares during the period. Victory Capital Management Inc. increased its holdings in eBay by 12.5% in the second quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock valued at $404,879,000 after purchasing an additional 838,969 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in eBay by 8.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock valued at $361,159,000 after buying an additional 530,941 shares during the period. Finally, LSV Asset Management boosted its holdings in eBay by 22.2% during the second quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company’s stock worth $360,211,000 after buying an additional 1,216,885 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Stock Performance

NASDAQ EBAY opened at $61.41 on Tuesday. The firm has a market capitalization of $29.42 billion, a P/E ratio of 15.43, a price-to-earnings-growth ratio of 1.60 and a beta of 1.34. 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 firm’s fifty day moving average price is $63.57 and its two-hundred day moving average price is $57.64. eBay Inc. has a 1 year low of $38.97 and a 1 year high of $67.80.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.76%. eBay’s payout ratio is 27.14%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EBAY. Stifel Nicolaus increased their price target on shares of eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Evercore ISI lifted their price target on shares of eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a research report on Thursday, August 1st. Barclays decreased their price target on shares of eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Wells Fargo & Company dropped their price objective on eBay from $63.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Finally, The Goldman Sachs Group boosted their target price on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, eBay has a consensus rating of “Hold” and an average price target of $62.87.

Insider Activity at eBay

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the transaction, the senior vice president now owns 70,113 shares of the company’s stock, valued at $4,530,000.93. This represents a 5.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,016 shares of company stock worth $3,015,417. Insiders own 0.38% of the company’s stock.

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.