eBay (NASDAQ:EBAY) Stock Price Down 4.7% – Here’s Why

eBay Inc. (NASDAQ:EBAY)’s share price fell 4.7% during mid-day trading on Monday . The stock traded as low as $109.89 and last traded at $108.6330. 1,551,519 shares changed hands during trading, a decline of 69% from the average session volume of 4,976,215 shares. The stock had previously closed at $114.01.

Analysts Set New Price Targets

Several research firms recently commented on EBAY. BNP Paribas Exane upped their price target on shares of eBay from $97.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. BMO Capital Markets lifted their price target on eBay from $120.00 to $130.00 in a research note on Thursday, April 30th. Rothschild & Co Redburn upped their price objective on shares of eBay from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Weiss Ratings restated a “buy (b)” rating on shares of eBay in a research report on Friday, June 12th. Finally, Wall Street Zen raised eBay from a “hold” rating to a “buy” rating in a research note on Sunday, April 26th. Thirteen equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $110.58.

eBay Stock Performance

The company’s 50 day moving average price is $111.09 and its 200-day moving average price is $101.29. The stock has a market cap of $48.67 billion, a P/E ratio of 24.85, a price-to-earnings-growth ratio of 2.35 and a beta of 1.37. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.22 and a current ratio of 1.22.

Insider Buying and Selling

In other eBay news, SVP Mazen Rawashdeh sold 1,919 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $108.51, for a total value of $208,230.69. Following the completion of the transaction, the senior vice president owned 32,124 shares in the company, valued at $3,485,775.24. This represents a 5.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of eBay stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $113.33, for a total transaction of $1,259,096.30. Following the completion of the sale, the chief executive officer directly owned 275,431 shares in the company, valued at approximately $31,214,595.23. This represents a 3.88% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 76,012 shares of company stock worth $8,747,852. 0.67% of the stock is owned by company insiders.

Institutional Trading of eBay

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Cedar Mountain Advisors LLC lifted its position in eBay by 128.9% during the first quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company’s stock valued at $25,000 after buying an additional 156 shares during the period. High Point Wealth Management LLC bought a new position in shares of eBay during the 4th quarter valued at about $26,000. Abound Financial LLC purchased a new position in eBay during the 4th quarter valued at approximately $26,000. Cassaday & Co Wealth Management LLC bought a new stake in eBay in the first quarter worth $26,000. Finally, Jessup Wealth Management Inc purchased a new stake in shares of eBay during the 4th quarter valued at about $27,000. Institutional investors own 87.48% of the company’s stock.

eBay Company Profile

eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.

The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.