Horizon Kinetics Asset Management LLC Sells 773 Shares of eBay Inc. (NASDAQ:EBAY)

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

Other institutional investors have also modified their holdings of the company. Sigma Planning Corp acquired a new stake in eBay in the 3rd quarter worth approximately $217,000. Oppenheimer & Co. Inc. acquired a new stake in eBay in the 3rd quarter worth approximately $256,000. CIBC Asset Management Inc boosted its stake in eBay by 5.6% in the 3rd quarter. CIBC Asset Management Inc now owns 72,357 shares of the e-commerce company’s stock worth $4,711,000 after purchasing an additional 3,841 shares in the last quarter. Natixis Advisors LLC boosted its stake in eBay by 10.7% in the 3rd quarter. Natixis Advisors LLC now owns 443,462 shares of the e-commerce company’s stock worth $28,874,000 after purchasing an additional 42,790 shares in the last quarter. Finally, Accredited Investors Inc. acquired a new stake in eBay in the 3rd quarter worth approximately $218,000. 87.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Stephen J. Priest sold 1,033 shares of the company’s stock in a transaction 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 sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,225,644.40. This represents a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total transaction of $350,887.50. Following the sale, the chief executive officer now directly owns 542,248 shares of the company’s stock, valued at $33,825,430.24. The trade was a 1.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,283 shares of company stock valued at $796,241. 0.38% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on EBAY shares. Wedbush began coverage on shares of eBay in a research note on Monday, December 9th. They issued a “neutral” rating and a $70.00 target price for the company. Benchmark lifted their price objective on shares of eBay from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Barclays set a $72.00 price objective on shares of eBay and gave the company an “overweight” rating in a research note on Thursday, February 27th. Needham & Company LLC restated a “buy” rating and set a $72.00 price objective on shares of eBay in a research note on Thursday, February 27th. Finally, BMO Capital Markets lifted their price objective on shares of eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research note on Thursday, February 27th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $65.54.

eBay Price Performance

Shares of NASDAQ EBAY opened at $67.44 on Tuesday. The firm has a market cap of $31.43 billion, a PE ratio of 16.94, a PEG ratio of 2.22 and a beta of 1.45. The firm has a fifty day moving average of $67.06 and a 200 day moving average of $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 one year low of $48.52 and a one year high of $71.61.

eBay Increases Dividend

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