Groupama Asset Managment Sells 6,294 Shares of eBay Inc. (NASDAQ:EBAY)

Groupama Asset Managment cut its stake in eBay Inc. (NASDAQ:EBAY) by 43.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 8,069 shares of the e-commerce company’s stock after selling 6,294 shares during the period. Groupama Asset Managment’s holdings in eBay were worth $501,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of EBAY. Wealth Enhancement Advisory Services LLC raised its holdings in eBay by 2.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock worth $3,489,000 after purchasing an additional 1,063 shares during the period. Kestra Investment Management LLC raised its stake in eBay by 172.5% during the 4th quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock worth $692,000 after buying an additional 7,074 shares during the period. Van ECK Associates Corp raised its stake in eBay by 5,091.9% during the 4th quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company’s stock worth $8,800,000 after buying an additional 139,315 shares during the period. Jones Financial Companies Lllp lifted its holdings in eBay by 35.1% during the fourth quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company’s stock worth $503,000 after acquiring an additional 2,110 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in eBay in the fourth quarter valued at about $8,644,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Jefferies Financial Group cut eBay from a “hold” rating to an “underperform” rating and cut their price objective for the company from $60.00 to $52.00 in a report on Tuesday, December 10th. Wells Fargo & Company cut their price target on shares of eBay from $64.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Barclays set a $72.00 price objective on shares of eBay and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Benchmark boosted their price objective on shares of eBay from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. increased their target price on eBay from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $65.46.

eBay Trading Down 1.6 %

eBay stock opened at $66.36 on Friday. The stock has a 50-day simple moving average of $67.31 and a 200 day simple moving average of $65.04. The stock has a market capitalization of $30.92 billion, a P/E ratio of 16.67, a PEG ratio of 2.22 and a beta of 1.43. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a 52 week low of $48.52 and a 52 week high of $71.61.

eBay Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $0.29 per share. This is an increase from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Friday, March 14th. eBay’s payout ratio is currently 29.07%.

Insider Activity at eBay

In related news, SVP Cornelius Boone sold 3,958 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the transaction, the senior vice president now owns 94,392 shares in the company, valued at approximately $6,329,927.52. This represents a 4.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.93, for a total transaction of $67,072.69. Following the completion of 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 38,676 shares of company stock worth $2,613,807. Company 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.