eBay Inc. (NASDAQ:EBAY) Shares Purchased by Mirova US LLC

Mirova US LLC grew its holdings in eBay Inc. (NASDAQ:EBAY) by 2.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,170,829 shares of the e-commerce company’s stock after purchasing an additional 189,505 shares during the quarter. eBay comprises 6.1% of Mirova US LLC’s portfolio, making the stock its 5th biggest holding. Mirova US LLC owned approximately 1.83% of eBay worth $492,657,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Savant Capital LLC increased its position in eBay by 2.3% during the fourth quarter. Savant Capital LLC now owns 11,411 shares of the e-commerce company’s stock worth $498,000 after acquiring an additional 262 shares during the period. Van ECK Associates Corp raised its position in shares of eBay by 25.0% during the first quarter. Van ECK Associates Corp now owns 85,688 shares of the e-commerce company’s stock valued at $4,523,000 after buying an additional 17,143 shares during the last quarter. SteelPeak Wealth LLC raised its position in shares of eBay by 42.3% during the first quarter. SteelPeak Wealth LLC now owns 57,642 shares of the e-commerce company’s stock valued at $3,042,000 after buying an additional 17,140 shares during the last quarter. Raymond James & Associates lifted its stake in shares of eBay by 6.9% in the first quarter. Raymond James & Associates now owns 873,900 shares of the e-commerce company’s stock valued at $46,124,000 after buying an additional 56,148 shares during the period. Finally, Cetera Investment Advisers grew its position in eBay by 325.4% during the first quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock worth $4,178,000 after buying an additional 60,544 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors.

eBay Stock Up 1.3 %

Shares of NASDAQ:EBAY opened at $59.10 on Friday. eBay Inc. has a 12 month low of $37.17 and a 12 month high of $59.85. The firm has a market cap of $28.90 billion, a P/E ratio of 11.77, a P/E/G ratio of 2.30 and a beta of 1.31. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. The company’s 50-day moving average price is $55.15 and its two-hundred day moving average price is $52.30.

eBay Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Daiwa America upgraded eBay to a “hold” rating in a research report on Wednesday, August 14th. Truist Financial raised their target price on eBay from $50.00 to $58.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of eBay from $60.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Citigroup raised their price objective on shares of eBay from $64.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Piper Sandler reissued an “overweight” rating and issued a $64.00 target price (up previously from $58.00) on shares of eBay in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, eBay has a consensus rating of “Hold” and an average price target of $56.65.

Insider Buying and Selling

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

About eBay

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.