eBay (NASDAQ:EBAY) Shares Down 1.5% - Here's Why

Shares of eBay Inc. (NASDAQ:EBAY - Get Free Report) fell 1.5% during trading on Monday . The stock traded as low as $59.71 and last traded at $61.44. 2,104,458 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 4,869,460 shares. The stock had previously closed at $62.40.

Analysts Set New Price Targets

Several research analysts have issued reports on EBAY shares. JPMorgan Chase & Co. lowered their price target on shares of eBay from $60.00 to $54.00 and set a "neutral" rating for the company in a report on Tuesday. Benchmark lifted their target price on shares of eBay from $65.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. UBS Group upped their target price on eBay from $66.00 to $72.00 and gave the company a "neutral" rating in a research report on Monday, February 24th. Stifel Nicolaus decreased their target price on eBay from $64.00 to $63.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Finally, StockNews.com raised eBay from a "hold" rating to a "buy" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $65.21.

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eBay Trading Up 3.4 %

The stock has a market capitalization of $30.09 billion, a P/E ratio of 16.21, a P/E/G ratio of 2.22 and a beta of 1.43. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The firm's 50 day moving average price is $66.55 and its 200 day moving average price is $64.92.

eBay Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from eBay's previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 1.80%. eBay's payout ratio is 29.07%.

Insider Buying and Selling

In other eBay news, CFO Stephen J. Priest sold 28,060 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total value of $1,903,029.20. Following the completion of the transaction, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,413,725.60. This represents a 30.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Cornelius Boone sold 3,958 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the sale, the senior vice president now owns 94,392 shares in the company, valued at approximately $6,329,927.52. This trade represents a 4.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,176 shares of company stock valued at $3,111,432 over the last quarter. 0.38% of the stock is owned by company insiders.

Institutional Investors Weigh In On eBay

A number of hedge funds and other institutional investors have recently bought and sold shares of EBAY. Golden State Wealth Management LLC purchased a new stake in shares of eBay in the 4th quarter worth approximately $27,000. Orion Capital Management LLC purchased a new stake in shares of eBay in the fourth quarter worth $27,000. Pinney & Scofield Inc. bought a new position in shares of eBay during the fourth quarter valued at $31,000. Itau Unibanco Holding S.A. purchased a new position in shares of eBay in the 4th quarter worth about $33,000. Finally, Quarry LP purchased a new position in eBay in the third quarter worth about $36,000. Hedge funds and other institutional investors own 87.48% of the company's stock.

About eBay

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.