eBay (NASDAQ:EBAY) Stock Price Down 1.5% – What’s Next?

eBay Inc. (NASDAQ:EBAY)’s share price traded down 1.5% during trading on Monday . The stock traded as low as $59.71 and last traded at $61.44. 2,104,458 shares changed 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

EBAY has been the subject of a number of recent analyst reports. BMO Capital Markets lifted their target price on shares of eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a research note on Thursday, February 27th. Jefferies Financial Group lowered shares of eBay from a “hold” rating to an “underperform” rating and dropped their price objective for the company from $60.00 to $52.00 in a report on Tuesday, December 10th. Bank of America lowered their price target on eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. Wells Fargo & Company cut their price objective on eBay from $64.00 to $62.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 2nd. Finally, JMP Securities reiterated a “market perform” rating on shares of eBay in a research report on Monday, December 16th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, eBay currently has a consensus rating of “Hold” and a consensus target price of $65.46.

eBay Trading Down 1.9 %

The company has a 50 day moving average of $67.14 and a 200 day moving average of $65.03. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $28.51 billion, a price-to-earnings ratio of 15.37, a P/E/G ratio of 2.22 and a beta of 1.43.

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 given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.90%. This is a boost from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, March 14th. eBay’s dividend payout ratio is 29.07%.

Insider Buying and Selling

In other eBay news, SVP Cornelius Boone sold 3,958 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the sale, the senior vice president now directly owns 94,392 shares of the company’s stock, valued at $6,329,927.52. This trade represents a 4.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 28,060 shares of eBay 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 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,676 shares of company stock worth $2,613,807. 0.38% of the stock is owned by insiders.

Institutional Investors Weigh In On eBay

Several hedge funds and other institutional investors have recently bought and sold shares of the company. IHT Wealth Management LLC purchased a new stake in shares of eBay during the 3rd quarter valued at approximately $244,000. Quarry LP acquired a new stake in eBay during the third quarter worth $36,000. Quantinno Capital Management LP raised its position in eBay by 15.2% in the third quarter. Quantinno Capital Management LP now owns 81,538 shares of the e-commerce company’s stock valued at $5,309,000 after purchasing an additional 10,787 shares during the period. Weiss Asset Management LP acquired a new position in shares of eBay in the 3rd quarter valued at $783,000. Finally, Wellington Management Group LLP purchased a new position in shares of eBay during the 3rd quarter worth $105,506,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

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.