Icahn held 27.8 million in the online auction site as of March 31.
eBay also announced the launch of new Spanish-language and Portuguese-language versions of its site online and on eBay mobile. The company noted more than 2 million people in Latin America already shop on eBay's English site.
Must Read: Warren Buffett's 10 Favorite Growth Stocks
The stock was up 1.46% to $52.11 at 11:12 a.m.
TheStreet Ratings team rates EBAY INC as a "hold" with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate EBAY INC (EBAY) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows: