eBay Inc. (NASDAQ:EBAY) Position Lessened by Mirova US LLC

Mirova US LLC lowered its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,019,402 shares of the e-commerce company's stock after selling 213,266 shares during the period. eBay makes up about 5.2% of Mirova US LLC's investment portfolio, making the stock its 6th biggest position. Mirova US LLC owned approximately 1.47% of eBay worth $434,852,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Evoke Wealth LLC acquired a new stake in shares of eBay in the 4th quarter worth approximately $262,000. Tocqueville Asset Management L.P. grew its holdings in shares of eBay by 0.7% in the 4th quarter. Tocqueville Asset Management L.P. now owns 83,007 shares of the e-commerce company's stock worth $5,142,000 after acquiring an additional 611 shares during the period. Flagship Wealth Advisors LLC acquired a new stake in shares of eBay in the 4th quarter worth approximately $61,000. TCTC Holdings LLC grew its holdings in shares of eBay by 0.8% in the 4th quarter. TCTC Holdings LLC now owns 73,380 shares of the e-commerce company's stock worth $4,546,000 after acquiring an additional 601 shares during the period. Finally, Cibc World Markets Corp grew its holdings in eBay by 18.5% during the 4th quarter. Cibc World Markets Corp now owns 79,503 shares of the e-commerce company's stock valued at $4,925,000 after buying an additional 12,391 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

Insider Buying and Selling at eBay

In other eBay news, SVP Cornelius Boone sold 3,958 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the transaction, the senior vice president now directly owns 94,392 shares of the company's stock, valued at $6,329,927.52. This trade represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total value of $350,887.50. Following the completion of the transaction, the chief executive officer now directly owns 542,248 shares in the company, valued at $33,825,430.24. This trade represents a 1.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,241 shares of company stock valued at $1,061,665 over the last three months. 0.38% of the stock is owned by company insiders.

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Analyst Upgrades and Downgrades

EBAY has been the topic of a number of analyst reports. Morgan Stanley increased their target price on eBay from $70.00 to $72.00 and gave the company an "overweight" rating in a report on Monday, January 13th. Wedbush initiated coverage on eBay in a report on Monday, December 9th. They set a "neutral" rating and a $70.00 target price on the stock. Stifel Nicolaus lowered their target price on eBay from $64.00 to $63.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. StockNews.com upgraded eBay from a "hold" rating to a "buy" rating in a report on Friday, February 28th. Finally, Jefferies Financial Group cut eBay from a "hold" rating to an "underperform" rating and lowered their target price for the company from $60.00 to $52.00 in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $65.54.

eBay Stock Down 0.8 %

NASDAQ:EBAY traded down $0.56 during mid-day trading on Friday, hitting $65.78. The company had a trading volume of 15,353,333 shares, compared to its average volume of 4,755,448. The business has a fifty day simple moving average of $66.99 and a 200-day simple moving average of $64.64. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 1 year low of $48.52 and a 1 year high of $71.61. The firm has a market capitalization of $30.65 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.29 dividend. 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 annualized dividend and a yield of 1.76%. eBay's dividend payout ratio (DPR) is 29.07%.

eBay 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.