BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases 78,554 Shares of eBay Inc. (NASDAQ:EBAY)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 28.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 352,949 shares of the e-commerce company's stock after purchasing an additional 78,554 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.07% of eBay worth $18,960,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of EBAY. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of eBay in the 2nd quarter worth approximately $26,000. LRI Investments LLC bought a new stake in eBay in the first quarter valued at $29,000. Hobbs Group Advisors LLC acquired a new position in eBay during the second quarter worth $29,000. Washington Trust Advisors Inc. bought a new position in shares of eBay during the first quarter valued at $30,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of eBay by 73.5% in the 4th quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company's stock valued at $32,000 after purchasing an additional 310 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

eBay Trading Up 0.9 %

Shares of eBay stock traded up $0.50 on Friday, hitting $59.10. 5,430,144 shares of the company's stock traded hands, compared to its average volume of 5,559,664. eBay Inc. has a one year low of $37.17 and a one year high of $59.85. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.99. The stock has a market capitalization of $29.67 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 2.58 and a beta of 1.31. The firm's 50-day moving average price is $55.15 and its two-hundred day moving average price is $52.30.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Friday, August 30th. eBay's payout ratio is 21.51%.

Insiders Place Their Bets

In related news, SVP Edward O. Garcia sold 986 shares of the business's stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total transaction of $52,110.10. Following the completion of the transaction, the senior vice president now owns 37,126 shares in the company, valued at $1,962,109.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other eBay news, SVP Edward O. Garcia sold 986 shares of the business's stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total value of $52,110.10. Following the completion of the transaction, the senior vice president now directly owns 37,126 shares of the company's stock, valued at $1,962,109.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Rebecca Spencer sold 2,083 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $53.62, for a total value of $111,690.46. Following the completion of the sale, the chief accounting officer now owns 4,109 shares of the company's stock, valued at $220,324.58. The disclosure for this sale can be found here. Company insiders own 0.38% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EBAY. Deutsche Bank Aktiengesellschaft increased their target price on shares of eBay from $60.00 to $64.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Piper Sandler reaffirmed an "overweight" rating and set a $64.00 price objective (up previously from $58.00) on shares of eBay in a report on Thursday, August 1st. Evercore ISI boosted their target price on eBay from $47.00 to $53.00 and gave the stock an "in-line" rating in a report on Thursday, August 1st. Wolfe Research initiated coverage on eBay in a research report on Tuesday, July 16th. They set a "peer perform" rating on the stock. Finally, JPMorgan Chase & Co. assumed coverage on eBay in a research report on Tuesday, June 25th. They issued a "neutral" rating and a $60.00 price objective for the company. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $56.65.

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.

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