Icon Advisers Inc. Co. Cuts Holdings in eBay Inc. (NASDAQ:EBAY)

Icon Advisers Inc. Co. lowered its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 8.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,711 shares of the e-commerce company's stock after selling 6,000 shares during the period. Icon Advisers Inc. Co.'s holdings in eBay were worth $3,823,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in eBay during the 4th quarter worth $27,000. New Wave Wealth Advisors LLC purchased a new position in eBay during the fourth quarter worth about $36,000. Lee Danner & Bass Inc. purchased a new position in eBay during the fourth quarter worth about $40,000. Versant Capital Management Inc lifted its position in eBay by 115.5% in the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company's stock valued at $52,000 after purchasing an additional 448 shares during the period. Finally, Washington Trust Advisors Inc. boosted 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 valued at $52,000 after purchasing an additional 230 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.

Insiders Place Their Bets

In other eBay news, CEO Jamie Iannone sold 7,500 shares of eBay stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $66.35, for a total value of $497,625.00. Following the completion of the sale, the chief executive officer now owns 590,108 shares in the company, valued at $39,153,665.80. The trade was a 1.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Stephen J. Priest sold 1,033 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $64.93, for a total transaction of $67,072.69. Following the transaction, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,225,644.40. The trade was a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,176 shares of company stock valued at $3,111,432 in the last quarter. 0.38% of the stock is currently owned by company insiders.

Remove Ads

eBay Trading Down 0.0 %

Shares of NASDAQ EBAY traded down $0.03 during midday trading on Wednesday, reaching $65.47. 7,165,607 shares of the stock were exchanged, compared to its average volume of 4,963,993. The stock has a 50 day moving average price of $66.43 and a 200-day moving average price of $64.95. 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 has a market capitalization of $30.51 billion, a P/E ratio of 16.45, a P/E/G ratio of 2.22 and a beta of 1.43. eBay Inc. has a 52-week low of $48.52 and a 52-week high of $71.61.

eBay Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from eBay's previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.77%. eBay's payout ratio is 29.07%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Citigroup raised their price target on eBay from $75.00 to $80.00 and gave the company a "buy" rating in a report on Friday, February 14th. StockNews.com raised eBay from a "hold" rating to a "buy" rating in a report on Wednesday, April 9th. Barclays set a $72.00 price target on shares of eBay and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Morgan Stanley raised their price objective on shares of eBay from $70.00 to $72.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. Finally, Wells Fargo & Company lowered their target price on shares of eBay from $64.00 to $62.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 2nd. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $65.21.

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.