eBay (NASDAQ:EBAY) Stock Price Down 1.5% – Here’s Why

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Morgan Stanley lifted their target price on eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. BMO Capital Markets lifted their price target on eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research report on Thursday, February 27th. Jefferies Financial Group lowered shares of eBay from a “hold” rating to an “underperform” rating and cut their price objective for the company from $60.00 to $52.00 in a research report on Tuesday, December 10th. Needham & Company LLC restated a “buy” rating and issued a $72.00 target price on shares of eBay in a research note on Thursday, February 27th. Finally, Cantor Fitzgerald raised their price objective on shares of eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $65.46.

eBay Price Performance

The stock has a market capitalization of $28.51 billion, a PE ratio of 15.37, a PEG ratio of 2.22 and a beta of 1.43. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm’s 50-day moving average price is $67.14 and its 200-day moving average price is $65.03.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.90%. This is a positive change from eBay’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, March 14th. eBay’s dividend payout ratio (DPR) is presently 29.07%.

Insider Activity at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the transaction, the chief executive officer now directly owns 530,998 shares in the company, valued at $35,709,615.50. This trade represents a 1.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $64.93, for a total transaction of $67,072.69. Following the transaction, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,225,644.40. The trade was a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,676 shares of company stock worth $2,613,807. Company insiders own 0.38% of the company’s stock.

Institutional Trading of eBay

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Smithfield Trust Co grew its stake in eBay by 3.6% in the fourth quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company’s stock valued at $274,000 after purchasing an additional 153 shares during the last quarter. Cypress Wealth Services LLC raised its stake in shares of eBay by 4.7% during the 4th quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock worth $216,000 after acquiring an additional 157 shares in the last quarter. IFP Advisors Inc lifted its position in eBay by 7.2% during the fourth quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company’s stock valued at $150,000 after acquiring an additional 163 shares during the last quarter. Capital Investment Advisors LLC boosted its stake in eBay by 4.1% in the fourth quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock valued at $262,000 after acquiring an additional 167 shares in the last quarter. Finally, Bailard Inc. grew its holdings in eBay by 0.5% in the fourth quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company’s stock worth $2,147,000 after purchasing an additional 169 shares during the last quarter. 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.