Mirova US LLC Cuts Stake in eBay Inc. (NASDAQ:EBAY)

Mirova US LLC lessened its position in eBay Inc. (NASDAQ:EBAY) by 2.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,019,402 shares of the e-commerce company’s stock after selling 213,266 shares during the period. eBay accounts for 5.2% of Mirova US LLC’s holdings, making the stock its 6th largest holding. Mirova US LLC’s holdings in eBay were worth $434,852,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in eBay in the 4th quarter worth $27,000. Quarry LP bought a new stake in eBay in the 3rd quarter worth $36,000. New Wave Wealth Advisors LLC bought a new stake in eBay in the 4th quarter worth $36,000. Versant Capital Management Inc grew its holdings in eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after acquiring an additional 448 shares during the last quarter. Finally, Washington Trust Advisors Inc. grew its holdings in eBay by 37.8% in the 4th quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company’s stock worth $52,000 after acquiring an additional 230 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.

eBay Trading Up 3.3 %

Shares of NASDAQ:EBAY opened at $67.44 on Tuesday. The company has a market cap of $31.43 billion, a P/E ratio of 16.94, a PEG ratio of 2.22 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. eBay Inc. has a 1 year low of $48.52 and a 1 year high of $71.61. The stock’s fifty day moving average price is $67.06 and its 200-day moving average price is $64.52.

eBay Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.29 per share. This is an increase 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 is Friday, March 14th. eBay’s dividend payout ratio is presently 29.07%.

Insider Activity

In related news, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,225,644.40. The trade was a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total value of $350,887.50. Following the completion of the sale, the chief executive officer now directly owns 542,248 shares of the company’s stock, valued at $33,825,430.24. The trade was a 1.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,283 shares of company stock valued at $796,241 over the last ninety days. 0.38% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have commented on EBAY. Wells Fargo & Company restated an “equal weight” rating on shares of eBay in a report on Thursday, February 27th. Jefferies Financial Group lowered shares of eBay from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $60.00 to $52.00 in a report on Tuesday, December 10th. Needham & Company LLC restated a “buy” rating and issued a $72.00 price objective on shares of eBay in a report on Thursday, February 27th. StockNews.com upgraded shares of eBay from a “hold” rating to a “buy” rating in a report on Friday, February 28th. Finally, Barclays set a $72.00 price objective on shares of eBay and gave the stock an “overweight” rating in a report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, eBay currently has a consensus rating of “Hold” and an average target price of $65.54.

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.