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Natixis Advisors LLC Buys 45,774 Shares of eBay Inc. (NASDAQ:EBAY)

eBay logo with Retail/Wholesale background

Key Points

  • Natixis Advisors LLC increased its holdings in eBay by 10.4%, acquiring an additional 45,774 shares, bringing its total ownership to 487,724 shares valued at approximately $33 million.
  • Insider activity included significant sales from SVP Jordan Douglas Bradle Sweetnam and CEO Jamie Iannone, with a total of 337,222 shares sold worth over $24 million in the past 90 days.
  • eBay's quarterly earnings exceeded expectations, reporting $1.37 EPS against a $1.30 consensus, and a revenue increase to $2.73 billion, up 6.1% year-over-year.
  • MarketBeat previews top five stocks to own in September.

Natixis Advisors LLC grew its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 10.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 487,724 shares of the e-commerce company's stock after acquiring an additional 45,774 shares during the period. Natixis Advisors LLC owned 0.10% of eBay worth $33,034,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of EBAY. Orion Capital Management LLC acquired a new stake in shares of eBay in the 4th quarter valued at $27,000. Abound Financial LLC acquired a new position in shares of eBay during the first quarter valued at $29,000. Pinney & Scofield Inc. acquired a new stake in eBay in the fourth quarter worth about $31,000. Itau Unibanco Holding S.A. acquired a new stake in eBay in the fourth quarter worth about $33,000. Finally, Transce3nd LLC bought a new stake in eBay during the 4th quarter worth about $36,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of eBay stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $77.90, for a total value of $1,729,847.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jamie Iannone sold 10,974 shares of the business's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $75.75, for a total transaction of $831,280.50. Following the transaction, the chief executive officer owned 306,651 shares in the company, valued at $23,228,813.25. This represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 337,222 shares of company stock worth $24,463,922. 0.64% of the stock is owned by corporate insiders.

eBay Stock Performance

Shares of EBAY opened at $91.75 on Friday. The stock has a market capitalization of $42.30 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 2.05 and a beta of 1.26. eBay Inc. has a 12 month low of $53.74 and a 12 month high of $92.79. The firm has a fifty day simple moving average of $77.03 and a 200 day simple moving average of $70.49. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.16.

eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The e-commerce company reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.30 by $0.07. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.64 billion. eBay had a net margin of 20.86% and a return on equity of 38.17%. The company's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.18 EPS. Research analysts forecast that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.3%. eBay's dividend payout ratio is currently 25.55%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Needham & Company LLC set a $95.00 target price on shares of eBay and gave the company a "buy" rating in a research note on Thursday. UBS Group set a $87.00 target price on shares of eBay in a report on Thursday. Robert W. Baird increased their price target on eBay from $75.00 to $80.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Wedbush restated a "neutral" rating and issued a $72.00 price target on shares of eBay in a research report on Wednesday, June 11th. Finally, Daiwa America upgraded eBay from a "hold" rating to a "strong-buy" rating in a report on Monday, May 12th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $76.73.

Get Our Latest Analysis on eBay

eBay Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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