eBay Inc (NASDAQ:EBAY) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $32.77 and last traded at $32.69, with a volume of 675614 shares traded. The stock had previously closed at $33.90.

A number of research firms recently issued reports on EBAY. Guggenheim restated a “$37.95” rating on shares of eBay in a research note on Wednesday, July 18th. UBS Group dropped their price target on eBay from $47.00 to $44.00 and set a “$34.11” rating on the stock in a research note on Thursday, July 19th. Canaccord Genuity lowered their target price on eBay from $43.00 to $40.00 and set a “hold” rating on the stock in a research note on Thursday, July 19th. Wells Fargo & Co reiterated a “buy” rating on shares of eBay in a research note on Thursday, July 19th. Finally, Morgan Stanley lowered their target price on eBay from $58.00 to $55.00 and set a “$34.11” rating on the stock in a research note on Thursday, July 19th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seventeen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $45.93.

The company has a debt-to-equity ratio of 1.29, a current ratio of 2.37 and a quick ratio of 2.37. The firm has a market cap of $32.42 billion, a P/E ratio of 20.60, a P/E/G ratio of 1.87 and a beta of 1.22.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, July 18th. The e-commerce company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.51 by $0.02. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.66 billion. eBay had a positive return on equity of 20.57% and a negative net margin of 10.05%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the firm earned $0.45 EPS. research analysts anticipate that eBay Inc will post 1.84 EPS for the current year.

In other news, SVP Kristin A. Yetto sold 23,648 shares of the firm’s stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $33.54, for a total value of $793,153.92. Following the completion of the sale, the senior vice president now directly owns 109,116 shares of the company’s stock, valued at approximately $3,659,750.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Wendy Elizabeth Jones sold 10,516 shares of the firm’s stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $33.68, for a total value of $354,178.88. Following the completion of the sale, the senior vice president now directly owns 21,620 shares of the company’s stock, valued at $728,161.60. The disclosure for this sale can be found here. Insiders sold a total of 138,158 shares of company stock valued at $4,718,578 over the last three months. Insiders own 6.78% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Royal London Asset Management Ltd. acquired a new position in eBay during the second quarter worth $25,359,000. Harrington Investments INC acquired a new position in eBay during the second quarter worth $1,241,000. Exane Asset Management raised its holdings in eBay by 418.7% during the second quarter. Exane Asset Management now owns 5,436 shares of the e-commerce company’s stock worth $197,000 after purchasing an additional 4,388 shares during the last quarter. BDO Wealth Advisors LLC raised its holdings in eBay by 9.9% during the second quarter. BDO Wealth Advisors LLC now owns 19,652 shares of the e-commerce company’s stock worth $713,000 after purchasing an additional 1,775 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in eBay by 12.4% during the second quarter. Advisors Asset Management Inc. now owns 446,121 shares of the e-commerce company’s stock worth $16,176,000 after purchasing an additional 49,131 shares during the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.

eBay Company Profile (NASDAQ:EBAY)

eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

Read More: Technical Analysis of Stocks and What It Means

Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.