Mirova Boosts Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Mirova grew its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 37.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 93,212 shares of the e-commerce company's stock after purchasing an additional 25,205 shares during the quarter. eBay makes up 1.0% of Mirova's holdings, making the stock its 25th biggest holding. Mirova's holdings in eBay were worth $5,774,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

EBAY has been the subject of several recent analyst reports. Sanford C. Bernstein cut shares of eBay from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $70.00 to $65.00 in a research report on Tuesday. Morgan Stanley lowered their price objective on eBay from $71.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Susquehanna upped their target price on eBay from $60.00 to $65.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Benchmark lifted their target price on eBay from $65.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, BMO Capital Markets increased their price target on eBay from $59.00 to $63.00 and gave the stock a "market perform" rating in a report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $64.83.

eBay Stock Up 1.0 %

NASDAQ EBAY traded up $0.68 on Thursday, reaching $67.31. The company had a trading volume of 2,099,422 shares, compared to its average volume of 4,947,810. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The company's fifty day moving average is $66.14 and its 200 day moving average is $64.98. eBay Inc. has a 52-week low of $48.52 and a 52-week high of $71.61. The stock has a market capitalization of $31.37 billion, a P/E ratio of 16.89, a P/E/G ratio of 2.22 and a beta of 1.43.

eBay Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.29 per share. 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%. The ex-dividend date was Friday, March 14th. eBay's dividend payout ratio (DPR) is presently 29.07%.

Insider Buying and Selling

In other eBay news, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $66.21, for a total transaction of $77,267.07. Following the transaction, the chief financial officer now owns 65,080 shares of the company's stock, valued at $4,308,946.80. This trade represents a 1.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value of $378,281.25. Following the completion of the transaction, the chief executive officer now owns 530,998 shares in the company, valued at $35,709,615.50. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,310 shares of company stock worth $3,121,626. 0.38% of the stock is owned by insiders.

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.