Natixis Advisors LLC Buys 42,790 Shares of eBay Inc. (NASDAQ:EBAY)

Natixis Advisors LLC boosted its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 10.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 443,462 shares of the e-commerce company's stock after buying an additional 42,790 shares during the period. Natixis Advisors LLC owned 0.09% of eBay worth $28,874,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Mizuho Markets Americas LLC bought a new stake in shares of eBay during the third quarter valued at approximately $880,000. Insight 2811 Inc. purchased a new stake in eBay in the third quarter worth about $205,000. Empowered Funds LLC increased its stake in shares of eBay by 57.4% during the third quarter. Empowered Funds LLC now owns 106,358 shares of the e-commerce company's stock valued at $6,925,000 after purchasing an additional 38,782 shares in the last quarter. Empirical Finance LLC increased its position in eBay by 4.0% during the 3rd quarter. Empirical Finance LLC now owns 15,115 shares of the e-commerce company's stock valued at $984,000 after buying an additional 583 shares in the last quarter. Finally, CIBC Asset Management Inc grew its stake in shares of eBay by 5.6% in the third quarter. CIBC Asset Management Inc now owns 72,357 shares of the e-commerce company's stock worth $4,711,000 after acquiring an additional 3,841 shares during the last quarter. 87.48% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Jamie Iannone sold 5,625 shares of the firm's stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $59.91, for a total transaction of $336,993.75. Following the completion of the transaction, the chief executive officer now owns 548,042 shares in the company, valued at $32,833,196.22. This trade represents a 1.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Cornelius Boone sold 3,974 shares of the business's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the sale, the senior vice president now owns 70,113 shares in the company, valued at $4,530,000.93. This represents a 5.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,016 shares of company stock worth $3,015,417. 0.38% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on EBAY. UBS Group decreased their target price on shares of eBay from $72.00 to $66.00 and set a "neutral" rating for the company in a report on Thursday, October 31st. Citigroup upped their price objective on eBay from $65.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Piper Sandler increased their target price on eBay from $64.00 to $67.00 and gave the company an "overweight" rating in a research note on Thursday, October 31st. Robert W. Baird decreased their price target on eBay from $70.00 to $68.00 and set an "outperform" rating for the company in a research note on Thursday, October 31st. Finally, TD Cowen increased their price objective on eBay from $45.00 to $54.00 and gave the company a "hold" rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $62.87.

eBay Price Performance

Shares of EBAY traded down $0.33 during trading hours on Tuesday, reaching $61.08. 1,210,110 shares of the stock traded hands, compared to its average volume of 5,391,254. The company has a market cap of $29.26 billion, a P/E ratio of 15.28, a price-to-earnings-growth ratio of 1.60 and a beta of 1.34. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The company's 50-day moving average price is $63.57 and its two-hundred day moving average price is $57.64. eBay Inc. has a 52-week low of $38.97 and a 52-week high of $67.80.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Friday, November 29th. eBay's dividend payout ratio (DPR) is 27.14%.

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.