Natixis Advisors L.P. cut its position in shares of eBay (NASDAQ:EBAY) by 2.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 271,169 shares of the e-commerce company’s stock after selling 6,058 shares during the period. Natixis Advisors L.P.’s holdings in eBay were worth $10,912,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle Wealth Planning Services Inc. acquired a new position in eBay in the 4th quarter valued at about $107,000. Massey Quick Simon & CO. LLC grew its stake in eBay by 100.0% in the 1st quarter. Massey Quick Simon & CO. LLC now owns 2,958 shares of the e-commerce company’s stock valued at $119,000 after buying an additional 1,479 shares during the last quarter. Motco acquired a new position in eBay in the 1st quarter valued at about $129,000. Financial Advocates Investment Management acquired a new position in eBay in the 4th quarter valued at about $148,000. Finally, Captrust Financial Advisors acquired a new position in eBay in the 4th quarter valued at about $178,000. Institutional investors own 86.60% of the company’s stock.
Shares of eBay opened at $37.94 on Friday, Marketbeat.com reports. The company has a market capitalization of $37.71 billion, a P/E ratio of 23.28, a P/E/G ratio of 1.84 and a beta of 1.26. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 1.21. eBay has a one year low of $33.89 and a one year high of $46.99.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, April 25th. The e-commerce company reported $0.53 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. eBay had a negative net margin of 16.56% and a positive return on equity of 18.06%. The business had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the prior year, the firm earned $0.49 EPS. The firm’s revenue was up 12.0% compared to the same quarter last year. research analysts forecast that eBay will post 1.84 earnings per share for the current fiscal year.
eBay declared that its Board of Directors has initiated a stock buyback plan on Wednesday, January 31st that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the e-commerce company to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.
In other eBay news, CFO Scott F. Schenkel sold 131,332 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $43.25, for a total value of $5,680,109.00. Following the completion of the transaction, the chief financial officer now directly owns 91,757 shares in the company, valued at approximately $3,968,490.25. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Jae Hyun Lee sold 25,613 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $43.21, for a total transaction of $1,106,737.73. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 333,271 shares of company stock valued at $13,676,670. Corporate insiders own 6.78% of the company’s stock.
A number of research analysts recently commented on the stock. Bank of America upped their price target on shares of eBay from $44.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Wedbush reissued a “neutral” rating and issued a $46.00 price objective on shares of eBay in a report on Thursday, February 1st. BidaskClub raised shares of eBay from a “sell” rating to a “hold” rating in a report on Saturday, April 21st. Morgan Stanley set a $58.00 price objective on shares of eBay and gave the company a “buy” rating in a report on Thursday, April 19th. Finally, Macquarie cut their price objective on shares of eBay from $46.00 to $44.00 and set a “neutral” rating for the company in a report on Thursday, April 26th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $46.13.
eBay Company Profile
eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.
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