Icon Advisers Inc. Co. Sells 6,000 Shares of eBay Inc. (NASDAQ:EBAY)

Icon Advisers Inc. Co. lessened its position in eBay Inc. (NASDAQ:EBAY) by 8.9% in the fourth quarter, according to its most recent disclosure with the SEC. 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 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of EBAY. Golden State Wealth Management LLC acquired a new stake in eBay in the 4th quarter valued at $27,000. New Wave Wealth Advisors LLC acquired a new position in shares of eBay during the fourth quarter valued at about $36,000. Lee Danner & Bass Inc. bought a new stake in shares of eBay during the fourth quarter worth about $40,000. Versant Capital Management Inc raised its holdings in shares of 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. lifted its position 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 acquiring an additional 230 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling at eBay

In other news, CFO Stephen J. Priest sold 28,060 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total transaction of $1,903,029.20. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,413,725.60. The trade was a 30.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the sale, the senior vice president now owns 94,392 shares in the company, valued at $6,329,927.52. This trade represents a 4.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,176 shares of company stock valued at $3,111,432 in the last quarter. 0.38% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. UBS Group raised their target price on eBay from $66.00 to $72.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Wells Fargo & Company dropped their price objective on eBay from $64.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 2nd. Barclays set a $72.00 target price on shares of eBay and gave the stock an “overweight” rating in a research note on Thursday, February 27th. BMO Capital Markets raised their price target on shares of eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research report on Thursday, February 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 price objective on shares of eBay in a research 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $65.21.

eBay Price Performance

eBay stock opened at $64.58 on Monday. The firm has a market capitalization of $30.09 billion, a P/E ratio of 16.23, a PEG ratio of 2.22 and a beta of 1.43. eBay Inc. has a one year low of $48.52 and a one year high of $71.61. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The business has a fifty day moving average price of $66.50 and a 200-day moving average price of $64.93.

eBay Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 1.80%. This is an increase from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio (DPR) is currently 29.07%.

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.