Natixis Advisors LLC Sells 1,512 Shares of eBay Inc. (NASDAQ:EBAY)

Natixis Advisors LLC cut its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 441,950 shares of the e-commerce company’s stock after selling 1,512 shares during the period. Natixis Advisors LLC owned about 0.09% of eBay worth $27,379,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Golden State Wealth Management LLC acquired a new position in eBay during the 4th quarter worth $27,000. Quarry LP acquired a new position in shares of eBay during the third quarter valued at $36,000. New Wave Wealth Advisors LLC bought a new position in eBay in the fourth quarter valued at about $36,000. Versant Capital Management Inc increased its position in eBay by 115.5% in the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after purchasing an additional 448 shares during the period. Finally, Washington Trust Advisors Inc. raised its holdings in eBay by 37.8% during the 4th quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company’s stock worth $52,000 after purchasing an additional 230 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. StockNews.com upgraded shares of eBay from a “hold” rating to a “buy” rating in a report on Friday, February 28th. Wells Fargo & Company reissued an “equal weight” rating on shares of eBay in a research note on Thursday, February 27th. Susquehanna raised their price target on eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Barclays set a $72.00 target price on eBay and gave the stock an “overweight” rating in a report on Thursday, February 27th. Finally, UBS Group increased their price target on shares of eBay from $66.00 to $72.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $65.54.

Insiders Place Their Bets

In related news, CFO Stephen J. Priest sold 1,033 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,225,644.40. This represents a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the sale, the chief executive officer now owns 530,998 shares of the company’s stock, valued at $35,709,615.50. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,283 shares of company stock valued at $796,241 over the last ninety days. 0.38% of the stock is currently owned by company insiders.

eBay Price Performance

Shares of EBAY opened at $67.44 on Tuesday. 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 company’s fifty day simple moving average is $67.06 and its 200 day simple moving average is $64.52. eBay Inc. has a 1-year low of $48.52 and a 1-year high of $71.61. The company has a market cap of $31.43 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, March 14th. This is a positive change from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.72%. eBay’s payout ratio is presently 29.07%.

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.