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% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 443,462 shares of the e-commerce company’s stock after purchasing an additional 42,790 shares during the period. Natixis Advisors LLC’s holdings in eBay were worth $28,874,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Kingsview Wealth Management LLC bought a new position in eBay during the 1st quarter worth $224,000. Blair William & Co. IL grew its stake in shares of eBay by 22.9% in the first quarter. Blair William & Co. IL now owns 29,316 shares of the e-commerce company’s stock valued at $1,547,000 after acquiring an additional 5,456 shares in the last quarter. UniSuper Management Pty Ltd increased its position in eBay by 350.3% during the first quarter. UniSuper Management Pty Ltd now owns 24,806 shares of the e-commerce company’s stock worth $1,309,000 after acquiring an additional 19,297 shares during the period. Bessemer Group Inc. raised its stake in eBay by 14.2% in the 1st quarter. Bessemer Group Inc. now owns 46,570 shares of the e-commerce company’s stock worth $2,457,000 after purchasing an additional 5,774 shares in the last quarter. Finally, Lake Street Advisors Group LLC boosted its holdings in eBay by 87.1% in the 1st quarter. Lake Street Advisors Group LLC now owns 11,096 shares of the e-commerce company’s stock valued at $586,000 after purchasing an additional 5,164 shares during the period. Institutional investors own 87.48% of the company’s stock.

Insider Activity

In other news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $59.91, for a total value of $336,993.75. Following the completion of the sale, the chief executive officer now owns 548,042 shares of the company’s stock, valued at approximately $32,833,196.22. This represents a 1.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 completion of the transaction, the senior vice president now directly owns 70,113 shares in the company, valued at approximately $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. Over the last 90 days, insiders sold 47,016 shares of company stock valued at $3,015,417. Insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Mizuho raised their target price on shares of eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. TD Cowen raised their price objective on eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Citigroup upped their target price on eBay from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Cantor Fitzgerald restated a “neutral” rating and issued a $62.00 price target on shares of eBay in a research report on Monday, October 7th. Finally, StockNews.com cut shares of eBay from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $62.87.

eBay Stock Performance

NASDAQ:EBAY opened at $61.41 on Tuesday. The stock’s 50-day moving average is $63.57 and its 200-day moving average is $57.64. The stock has a market cap 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. eBay Inc. has a 1-year low of $38.97 and a 1-year high of $67.80. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s dividend payout ratio (DPR) is currently 27.14%.

eBay Company 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.