Natixis cut its holdings in eBay Inc (NASDAQ:EBAY) by 61.8% in the second quarter, Holdings Channel.com reports. The fund owned 119,417 shares of the e-commerce company’s stock after selling 192,865 shares during the quarter. Natixis’ holdings in eBay were worth $4,717,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Chemical Bank lifted its stake in eBay by 87.9% in the second quarter. Chemical Bank now owns 29,621 shares of the e-commerce company’s stock valued at $1,170,000 after acquiring an additional 13,856 shares during the last quarter. Harrington Investments INC lifted its stake in shares of eBay by 5.2% in the second quarter. Harrington Investments INC now owns 26,591 shares of the e-commerce company’s stock worth $1,050,000 after buying an additional 1,310 shares during the last quarter. Capital Asset Advisory Services LLC acquired a new stake in shares of eBay in the second quarter worth $351,000. WINTON GROUP Ltd lifted its stake in shares of eBay by 10.2% in the second quarter. WINTON GROUP Ltd now owns 905,851 shares of the e-commerce company’s stock worth $35,781,000 after buying an additional 84,212 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in shares of eBay by 67.1% in the second quarter. Bessemer Group Inc. now owns 10,097 shares of the e-commerce company’s stock worth $399,000 after buying an additional 4,056 shares during the last quarter. Hedge funds and other institutional investors own 86.38% of the company’s stock.

A number of analysts have recently weighed in on the stock. ValuEngine cut shares of eBay from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. KeyCorp boosted their price objective on shares of eBay from $45.00 to $47.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Credit Suisse Group boosted their price objective on shares of eBay from $43.00 to $49.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. Morgan Stanley boosted their price objective on shares of eBay from $34.50 to $36.00 and gave the stock an “equal weight” rating in a research note on Monday, July 15th. Finally, Citigroup boosted their price objective on shares of eBay from $40.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $41.52.

NASDAQ:EBAY traded up $0.23 during trading hours on Friday, hitting $40.53. 1,028,245 shares of the company traded hands, compared to its average volume of 6,394,439. The stock has a market capitalization of $33.78 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 1.91 and a beta of 1.38. eBay Inc has a twelve month low of $26.01 and a twelve month high of $42.00. The firm has a 50-day moving average of $40.27 and a 200 day moving average of $38.37. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.89.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, July 17th. The e-commerce company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.19. The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.67 billion. eBay had a net margin of 22.12% and a return on equity of 36.67%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 EPS. Equities research analysts predict that eBay Inc will post 2.23 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Tuesday, September 3rd will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.38%. The ex-dividend date is Friday, August 30th. eBay’s dividend payout ratio (DPR) is presently 24.14%.

In other eBay news, CAO Brian J. Doerger sold 19,014 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $41.38, for a total value of $786,799.32. Following the sale, the chief accounting officer now owns 24,844 shares of the company’s stock, valued at approximately $1,028,044.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Devin Wenig sold 10,000 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $39.75, for a total transaction of $397,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,039,610 shares in the company, valued at approximately $41,324,497.50. The disclosure for this sale can be found here. Insiders sold a total of 242,942 shares of company stock worth $10,060,557 in the last three months. Insiders own 6.22% of the company’s stock.

eBay Company Profile

eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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