eBay (NASDAQ:EBAY) Trading Down 0.5% - Should You Sell?

Shares of eBay Inc. (NASDAQ:EBAY - Get Free Report) traded down 0.5% during trading on Wednesday . The stock traded as low as $65.23 and last traded at $66.88. 3,026,851 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 5,467,522 shares. The stock had previously closed at $67.20.

Analyst Upgrades and Downgrades

EBAY has been the topic of several recent research reports. UBS Group raised their target price on shares of eBay from $72.00 to $73.00 and gave the stock a "neutral" rating in a report on Tuesday. Sanford C. Bernstein cut eBay from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $70.00 to $65.00 in a report on Tuesday, April 22nd. Cantor Fitzgerald increased their target price on eBay from $65.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, February 27th. BMO Capital Markets boosted their price target on eBay from $59.00 to $63.00 and gave the company a "market perform" rating in a research note on Thursday, February 27th. Finally, StockNews.com raised shares of eBay from a "hold" rating to a "buy" rating in a research report on Saturday. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $64.83.

eBay Trading Up 0.4 %

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 has a 50-day moving average of $65.95 and a 200 day moving average of $64.98. The company has a market cap of $31.43 billion, a P/E ratio of 16.94, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43.

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. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.72%. This is a positive change from eBay's previous quarterly dividend of $0.27. eBay's payout ratio is currently 29.07%.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value of $378,281.25. Following the transaction, the chief executive officer now owns 530,998 shares in the company, valued at approximately $35,709,615.50. This represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $66.21, for a total value of $77,267.07. Following the completion of the transaction, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,308,946.80. This represents a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,310 shares of company stock valued at $3,121,626 over the last ninety days. 0.38% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On eBay

Several large investors have recently bought and sold shares of EBAY. Axxcess Wealth Management LLC grew its stake in eBay by 7.0% in the 1st quarter. Axxcess Wealth Management LLC now owns 5,308 shares of the e-commerce company's stock valued at $360,000 after purchasing an additional 348 shares during the period. Greenleaf Trust grew its position in eBay by 2.0% during the first quarter. Greenleaf Trust now owns 22,609 shares of the e-commerce company's stock valued at $1,531,000 after buying an additional 437 shares during the period. Valeo Financial Advisors LLC increased its holdings in eBay by 3.4% during the first quarter. Valeo Financial Advisors LLC now owns 6,480 shares of the e-commerce company's stock worth $439,000 after buying an additional 213 shares during the last quarter. Garrett Wealth Advisory Group LLC bought a new stake in eBay in the first quarter worth about $214,000. Finally, Abound Financial LLC purchased a new position in eBay in the first quarter valued at about $29,000. 87.48% of the stock is currently owned by institutional investors.

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.

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