Natixis cut its stake in eBay Inc (NASDAQ:EBAY) by 61.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 119,417 shares of the e-commerce company’s stock after selling 192,865 shares during the period. Natixis’ holdings in eBay were worth $4,717,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in EBAY. Cable Hill Partners LLC grew its position in shares of eBay by 64.6% in the first quarter. Cable Hill Partners LLC now owns 752 shares of the e-commerce company’s stock valued at $28,000 after purchasing an additional 295 shares during the last quarter. Redhawk Wealth Advisors Inc. acquired a new stake in shares of eBay in the second quarter valued at approximately $30,000. Icon Wealth Partners LLC acquired a new stake in shares of eBay in the first quarter valued at approximately $32,000. Cornerstone Advisors Inc. grew its position in shares of eBay by 83.8% in the first quarter. Cornerstone Advisors Inc. now owns 978 shares of the e-commerce company’s stock valued at $36,000 after purchasing an additional 446 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its position in shares of eBay by 71.6% in the first quarter. Wealthcare Advisory Partners LLC now owns 961 shares of the e-commerce company’s stock valued at $36,000 after purchasing an additional 401 shares during the last quarter. 86.38% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently commented on EBAY shares. Aegis reiterated a “buy” rating and issued a $45.00 price target (up from $43.00) on shares of eBay in a research report on Thursday, July 18th. Stifel Nicolaus reissued a “hold” rating and set a $41.00 price objective on shares of eBay in a research note on Monday, July 15th. DA Davidson upped their price objective on shares of eBay to $47.00 and gave the company a “reduce” rating in a research note on Thursday, July 18th. ValuEngine downgraded shares of eBay from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. Finally, UBS Group downgraded shares of eBay from a “buy” rating to a “neutral” rating and set a $42.00 price objective on the stock. in a research note on Wednesday, September 4th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $41.52.
In related news, SVP Kristin A. Yetto sold 6,254 shares of eBay stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $40.85, for a total value of $255,475.90. Following the sale, the senior vice president now directly owns 73,700 shares in the company, valued at approximately $3,010,645. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Devin Wenig sold 10,000 shares of eBay stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $39.86, for a total transaction of $398,600.00. Following the completion of the sale, the chief executive officer now owns 1,022,419 shares in the company, valued at $40,753,621.34. The disclosure for this sale can be found here. Insiders sold a total of 242,942 shares of company stock valued at $10,060,557 over the last ninety days. Company insiders own 6.22% of the company’s stock.
Shares of NASDAQ EBAY traded up $0.23 during midday trading on Friday, hitting $40.53. The company’s stock had a trading volume of 1,028,245 shares, compared to its average volume of 6,394,439. eBay Inc has a 1-year low of $26.01 and a 1-year high of $42.00. The firm’s fifty day moving average price is $40.27 and its 200-day moving average price is $38.37. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market cap of $33.78 billion, a P/E ratio of 17.47, a P/E/G ratio of 1.91 and a beta of 1.38.
eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, July 17th. The e-commerce company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.19. eBay had a net margin of 22.12% and a return on equity of 36.67%. The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same period in the previous year, the business posted $0.53 EPS. The company’s quarterly revenue was up 1.8% on a year-over-year basis. As a group, research analysts predict that eBay Inc will post 2.23 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Tuesday, September 3rd will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, August 30th. eBay’s dividend payout ratio (DPR) is presently 24.14%.
eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps 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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