Integrated Wealth Concepts LLC Sells 11,883 Shares of eBay Inc. (NASDAQ:EBAY)

Integrated Wealth Concepts LLC cut its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 71.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,777 shares of the e-commerce company's stock after selling 11,883 shares during the period. Integrated Wealth Concepts LLC's holdings in eBay were worth $311,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in EBAY. Ameriprise Financial Inc. raised its position in eBay by 17.6% during the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company's stock valued at $1,394,797,000 after acquiring an additional 3,880,649 shares in the last quarter. Altshuler Shaham Ltd bought a new position in shares of eBay during the 2nd quarter valued at $71,593,000. LSV Asset Management lifted its stake in shares of eBay by 22.2% in the 2nd quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company's stock valued at $360,211,000 after purchasing an additional 1,216,885 shares during the last quarter. Renaissance Technologies LLC bought a new stake in eBay in the second quarter worth $49,924,000. Finally, Victory Capital Management Inc. boosted its holdings in eBay by 12.5% in the second quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company's stock worth $404,879,000 after purchasing an additional 838,969 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EBAY has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reduced their price target on eBay from $70.00 to $63.00 and set a "buy" rating for the company in a research report on Friday, November 1st. TD Cowen upped their target price on eBay from $45.00 to $54.00 and gave the stock a "hold" rating in a research report on Friday, October 25th. Barclays lowered their price target on eBay from $65.00 to $64.00 and set an "overweight" rating on the stock in a report on Thursday, October 31st. Morgan Stanley upped their price objective on shares of eBay from $65.00 to $71.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group raised their target price on shares of eBay from $46.00 to $55.00 and gave the company a "sell" rating in a research note on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $62.63.

Insider Buying and Selling

In related news, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the completion of the sale, the chief financial officer now owns 65,079 shares in the company, valued at $4,336,213.77. This trade represents a 1.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Cornelius Boone sold 3,974 shares of the business's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the transaction, the senior vice president now owns 70,113 shares in the company, valued at approximately $4,530,000.93. This trade represents a 5.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,641 shares of company stock worth $3,370,974 in the last 90 days. 0.38% of the stock is owned by company insiders.

eBay Price Performance

Shares of NASDAQ:EBAY traded down $0.06 during midday trading on Friday, reaching $63.84. 4,278,542 shares of the company's stock were exchanged, compared to its average volume of 5,299,535. eBay Inc. has a 12 month low of $40.16 and a 12 month high of $67.80. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market capitalization of $30.58 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35. The company's 50 day simple moving average is $63.42 and its two-hundred day simple moving average is $59.03.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.69%. eBay's payout ratio is presently 27.14%.

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.