Horizon Kinetics Asset Management LLC Reduces Position in eBay Inc. (NASDAQ:EBAY)

Horizon Kinetics Asset Management LLC decreased its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 5.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,337 shares of the e-commerce company’s stock after selling 773 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in eBay were worth $826,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. TCTC Holdings LLC boosted its position in shares of eBay by 0.8% during the 4th quarter. TCTC Holdings LLC now owns 73,380 shares of the e-commerce company’s stock valued at $4,546,000 after acquiring an additional 601 shares during the last quarter. Cibc World Markets Corp boosted its position in shares of eBay by 18.5% during the 4th quarter. Cibc World Markets Corp now owns 79,503 shares of the e-commerce company’s stock valued at $4,925,000 after acquiring an additional 12,391 shares during the last quarter. Greenwich Wealth Management LLC boosted its position in shares of eBay by 1.4% during the 4th quarter. Greenwich Wealth Management LLC now owns 28,755 shares of the e-commerce company’s stock valued at $1,781,000 after acquiring an additional 394 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of eBay by 9.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 29,937 shares of the e-commerce company’s stock valued at $1,855,000 after acquiring an additional 2,589 shares during the last quarter. Finally, Choate Investment Advisors boosted its position in shares of eBay by 4.8% during the 4th quarter. Choate Investment Advisors now owns 13,220 shares of the e-commerce company’s stock valued at $819,000 after acquiring an additional 609 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. BMO Capital Markets boosted 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. Cantor Fitzgerald boosted their price target on shares of eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, February 27th. UBS Group upped their target price on shares of eBay from $66.00 to $72.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Benchmark upped their target price on shares of eBay from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating on shares of eBay in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $65.54.

Insider Buying and Selling

In related news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the sale, the chief executive officer now directly owns 530,998 shares in the company, valued at approximately $35,709,615.50. This represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total transaction of $67,072.69. Following the completion of the transaction, the chief financial officer now owns 65,080 shares in the company, valued at $4,225,644.40. This represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,283 shares of company stock worth $796,241. Company insiders own 0.38% of the company’s stock.

eBay Stock Up 3.3 %

EBAY stock opened at $67.44 on Tuesday. The company’s 50 day moving average price is $67.06 and its 200 day moving average price is $64.52. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $71.61. The firm has a market capitalization of $31.43 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.72%. This is a positive change from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, March 14th. eBay’s dividend payout ratio is presently 29.07%.

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.