Icon Advisers Inc. Co. Lowers Stock Holdings in eBay Inc. $EBAY

Icon Advisers Inc. Co. reduced its stake in eBay Inc. (NASDAQ:EBAY) by 9.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,991 shares of the e-commerce company’s stock after selling 5,720 shares during the quarter. Icon Advisers Inc. Co.’s holdings in eBay were worth $4,169,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC boosted its holdings in eBay by 433.9% in the second quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock worth $25,000 after acquiring an additional 269 shares in the last quarter. Wealth Preservation Advisors LLC bought a new position in eBay in the 1st quarter worth about $26,000. GFG Capital LLC purchased a new stake in eBay during the 2nd quarter valued at about $28,000. Sumitomo Mitsui Financial Group Inc. increased its stake in eBay by 155.3% during the 2nd quarter. Sumitomo Mitsui Financial Group Inc. now owns 411 shares of the e-commerce company’s stock valued at $30,000 after purchasing an additional 250 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in eBay by 153.4% in the second quarter. Hantz Financial Services Inc. now owns 451 shares of the e-commerce company’s stock worth $34,000 after buying an additional 273 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

EBAY has been the topic of a number of research analyst reports. Mizuho started coverage on eBay in a report on Monday, September 29th. They set a “neutral” rating and a $98.00 price target on the stock. UBS Group set a $95.00 target price on shares of eBay in a research note on Thursday, October 30th. BNP Paribas Exane started coverage on shares of eBay in a report on Monday, November 24th. They set a “neutral” rating on the stock. Wall Street Zen cut shares of eBay from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Finally, Morgan Stanley raised their target price on shares of eBay from $89.00 to $102.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty-one have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, eBay presently has a consensus rating of “Hold” and an average target price of $94.69.

eBay Trading Up 0.5%

Shares of eBay stock opened at $82.91 on Friday. eBay Inc. has a 1-year low of $58.71 and a 1-year high of $101.15. The company’s fifty day simple moving average is $88.34 and its 200-day simple moving average is $84.95. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $37.47 billion, a PE ratio of 18.02, a P/E/G ratio of 2.39 and a beta of 1.29.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.03. The company had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.73 billion. eBay had a return on equity of 41.45% and a net margin of 20.37%.eBay’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the firm earned $1.19 EPS. eBay has set its FY 2025 guidance at 4.090-4.140 EPS. Q4 2025 guidance at 1.310-1.360 EPS. As a group, equities analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, November 28th. eBay’s payout ratio is presently 25.22%.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 7,221 shares of eBay stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $81.08, for a total transaction of $585,478.68. Following the transaction, the chief executive officer owned 235,781 shares of the company’s stock, valued at $19,117,123.48. The trade was a 2.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Cornelius Boone sold 4,439 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $89.53, for a total transaction of $397,423.67. Following the completion of the sale, the senior vice president directly owned 93,392 shares of the company’s stock, valued at approximately $8,361,385.76. This trade represents a 4.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 64,323 shares of company stock valued at $5,444,100. Insiders own 0.64% of the company’s stock.

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.