Natixis Advisors L.P. Cuts Position in eBay Inc. (NASDAQ:EBAY)

Natixis Advisors L.P. cut its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 10.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 335,445 shares of the e-commerce company's stock after selling 40,438 shares during the period. Natixis Advisors L.P. owned 0.06% of eBay worth $14,632,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. CVA Family Office LLC acquired a new stake in eBay during the 4th quarter worth approximately $25,000. First Command Advisory Services Inc. bought a new stake in shares of eBay in the third quarter valued at about $46,000. Cambridge Trust Co. boosted its position in shares of eBay by 135.0% in the fourth quarter. Cambridge Trust Co. now owns 1,175 shares of the e-commerce company's stock valued at $51,000 after acquiring an additional 675 shares during the period. NBC Securities Inc. acquired a new position in shares of eBay in the third quarter valued at about $55,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in eBay during the third quarter worth about $71,000. Institutional investors own 87.48% of the company's stock.

eBay Trading Up 1.4 %

eBay stock traded up $0.69 during mid-day trading on Tuesday, hitting $50.07. 4,695,561 shares of the stock were exchanged, compared to its average volume of 6,422,992. The stock has a market capitalization of $25.34 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 1.93 and a beta of 1.31. eBay Inc. has a 12 month low of $37.17 and a 12 month high of $52.93. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.98. The firm's fifty day simple moving average is $50.92 and its two-hundred day simple moving average is $44.92.

eBay (NASDAQ:EBAY - Get Free Report) last announced its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.05. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.53 billion. eBay had a net margin of 25.97% and a return on equity of 29.11%. eBay's quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.87 earnings per share. Analysts forecast that eBay Inc. will post 3.75 EPS for the current year.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $0.27 per share. The ex-dividend date is Thursday, May 30th. This represents a $1.08 annualized dividend and a yield of 2.16%. eBay's dividend payout ratio is currently 21.51%.

eBay declared that its Board of Directors has initiated a share repurchase plan on Tuesday, February 27th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the e-commerce company to repurchase up to 8.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

EBAY has been the topic of a number of analyst reports. Morgan Stanley decreased their target price on shares of eBay from $62.00 to $61.00 and set an "overweight" rating on the stock in a research report on Thursday, May 2nd. Wells Fargo & Company raised their price objective on eBay from $45.00 to $47.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 4th. Benchmark reiterated a "buy" rating and set a $58.00 target price on shares of eBay in a research report on Thursday, May 2nd. The Goldman Sachs Group began coverage on eBay in a report on Wednesday, January 10th. They set a "sell" rating and a $38.00 target price on the stock. Finally, Robert W. Baird boosted their price target on eBay from $50.00 to $57.00 and gave the company an "outperform" rating in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $51.45.

Insiders Place Their Bets

In other eBay news, SVP Edward O. Garcia sold 1,165 shares of the firm's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $43.03, for a total value of $50,129.95. Following the completion of the sale, the senior vice president now directly owns 31,888 shares in the company, valued at $1,372,140.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other eBay news, SVP Edward O. Garcia sold 1,165 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total value of $50,129.95. Following the transaction, the senior vice president now owns 31,888 shares in the company, valued at $1,372,140.64. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Marie Oh Huber sold 49,070 shares of the business's stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $49.63, for a total value of $2,435,344.10. Following the sale, the senior vice president now owns 177,391 shares of the company's stock, valued at approximately $8,803,915.33. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by corporate insiders.

eBay Company Profile

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.