eBay (NASDAQ:EBAY) Price Target Raised to $55.00 at The Goldman Sachs Group

eBay (NASDAQ:EBAY) had its price target boosted by The Goldman Sachs Group from $46.00 to $55.00 in a report issued on Tuesday morning, Benzinga reports. The Goldman Sachs Group currently has a sell rating on the e-commerce company’s stock.

Several other analysts have also recently issued reports on EBAY. Benchmark upped their price objective on eBay from $58.00 to $65.00 and gave the company a buy rating in a research note on Thursday, August 1st. Susquehanna lifted their target price on eBay from $52.00 to $60.00 and gave the company a neutral rating in a research note on Friday, August 2nd. Cantor Fitzgerald restated a neutral rating and issued a $62.00 target price on shares of eBay in a research report on Monday, October 7th. Piper Sandler restated an overweight rating and issued a $64.00 price target (up previously from $58.00) on shares of eBay in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. assumed coverage on shares of eBay in a research report on Tuesday, June 25th. They issued a neutral rating and a $60.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, eBay presently has a consensus rating of Hold and a consensus price target of $58.48.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $66.99 on Tuesday. The business’s fifty day moving average price is $61.33 and its two-hundred day moving average price is $55.77. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market cap of $33.63 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 2.59 and a beta of 1.32. eBay has a one year low of $37.17 and a one year high of $67.80.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.88. eBay had a return on equity of 29.69% and a net margin of 26.41%. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.53 billion. On average, analysts forecast that eBay will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a yield of 1.61%. eBay’s dividend payout ratio (DPR) is presently 21.51%.

Insider Buying and Selling at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $66.56, for a total value of $374,400.00. Following the sale, the chief executive officer now owns 553,666 shares of the company’s stock, valued at approximately $36,852,008.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $66.56, for a total transaction of $374,400.00. Following the completion of the transaction, the chief executive officer now owns 553,666 shares of the company’s stock, valued at approximately $36,852,008.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,224 shares of company stock valued at $2,600,666 in the last ninety days. 0.38% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On eBay

Hedge funds have recently made changes to their positions in the stock. Fisher Asset Management LLC lifted its position in shares of eBay by 43.8% in the 4th quarter. Fisher Asset Management LLC now owns 8,633 shares of the e-commerce company’s stock worth $377,000 after purchasing an additional 2,629 shares during the period. Nomura Holdings Inc. acquired a new position in eBay in the fourth quarter valued at $457,000. Kapitalo Investimentos Ltda bought a new stake in eBay during the fourth quarter valued at $69,000. Symmetry Partners LLC acquired a new stake in eBay during the 1st quarter worth about $255,000. Finally, Cullen Investment Group LTD. raised its position in shares of eBay by 7.2% in the 1st quarter. Cullen Investment Group LTD. now owns 5,104 shares of the e-commerce company’s stock worth $265,000 after acquiring an additional 343 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors.

eBay Company Profile

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.