eBay (NASDAQ:EBAY) Trading Down 0.7% - Should You Sell?

eBay Inc. (NASDAQ:EBAY - Get Free Report)'s share price fell 0.7% on Monday . The stock traded as low as $65.87 and last traded at $65.81. 860,899 shares were traded during mid-day trading, a decline of 83% from the average session volume of 4,935,544 shares. The stock had previously closed at $66.26.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EBAY. Benchmark lifted their target price on shares of eBay from $65.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, February 27th. UBS Group raised their target price on eBay from $66.00 to $72.00 and gave the stock a "neutral" rating in a research report on Monday, February 24th. Citigroup boosted their price objective on eBay from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Barclays set a $72.00 target price on eBay and gave the company an "overweight" rating in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. dropped their target price on eBay from $60.00 to $54.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $64.83.

eBay Trading Down 0.3 %

The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm's 50 day simple moving average is $66.14 and its two-hundred day simple moving average is $64.98. The stock has a market capitalization of $30.94 billion, a P/E ratio of 16.69, a P/E/G ratio of 2.22 and a beta of 1.43.

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. This represents a $1.16 dividend on an annualized basis and a yield of 1.75%. This is a boost from eBay's previous quarterly dividend of $0.27. The ex-dividend date was Friday, March 14th. eBay's payout ratio is presently 29.07%.

Insider Transactions at eBay

In other news, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $66.21, for a total value of $77,267.07. Following the transaction, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,308,946.80. The trade was a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jamie Iannone sold 7,500 shares of eBay stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $66.35, for a total value of $497,625.00. Following the completion of the transaction, the chief executive officer now owns 590,108 shares in the company, valued at approximately $39,153,665.80. This represents a 1.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,310 shares of company stock valued at $3,121,626 over the last three months. Company insiders own 0.38% of the company's stock.

Institutional Trading of eBay

Several large investors have recently bought and sold shares of EBAY. Diversified Trust Co increased its holdings in shares of eBay by 3.2% during the first quarter. Diversified Trust Co now owns 96,624 shares of the e-commerce company's stock valued at $6,544,000 after acquiring an additional 2,964 shares in the last quarter. PDS Planning Inc lifted its position in shares of eBay by 11.6% during the 1st quarter. PDS Planning Inc now owns 3,875 shares of the e-commerce company's stock valued at $262,000 after buying an additional 402 shares in the last quarter. DLK Investment Management LLC purchased a new position in shares of eBay during the 1st quarter valued at about $217,000. Sequoia Financial Advisors LLC lifted its holdings in eBay by 5.1% in the 1st quarter. Sequoia Financial Advisors LLC now owns 16,094 shares of the e-commerce company's stock worth $1,090,000 after purchasing an additional 788 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its holdings in eBay by 204.4% in the 1st quarter. Golden State Wealth Management LLC now owns 1,321 shares of the e-commerce company's stock worth $89,000 after purchasing an additional 887 shares in the last quarter. 87.48% of the stock is owned by institutional investors.

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.