eBay (NASDAQ:EBAY) Price Target Lowered to $77.00 at The Goldman Sachs Group

eBay (NASDAQ:EBAY) had its price target decreased by The Goldman Sachs Group from $78.00 to $77.00 in a research note released on Wednesday morning,MarketScreener reports. The Goldman Sachs Group currently has a sell rating on the e-commerce company’s stock.

Several other brokerages have also recently commented on EBAY. Citizens Jmp raised eBay from a “market perform” rating to an “outperform” rating and set a $115.00 target price for the company in a research report on Friday, October 24th. Evercore ISI increased their price objective on shares of eBay from $90.00 to $93.00 and gave the company an “in-line” rating in a research note on Thursday, October 30th. Mizuho began coverage on shares of eBay in a research note on Monday, September 29th. They issued a “neutral” rating and a $98.00 target price on the stock. JMP Securities raised shares of eBay from a “market perform” rating to a “market outperform” rating and set a $115.00 price target for the company in a research report on Friday, October 24th. Finally, Truist Financial lifted their price objective on eBay from $86.00 to $92.00 and gave the company a “hold” rating in a report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty-one have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, eBay currently has a consensus rating of “Hold” and an average target price of $95.52.

eBay Stock Performance

Shares of NASDAQ EBAY traded up $1.65 during mid-day trading on Wednesday, hitting $96.07. The company had a trading volume of 5,346,072 shares, compared to its average volume of 4,163,483. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.92 and a quick ratio of 0.92. The business’s 50-day simple moving average is $85.05 and its 200-day simple moving average is $87.55. eBay has a 12 month low of $58.71 and a 12 month high of $101.15. The firm has a market cap of $43.42 billion, a P/E ratio of 20.88, a PEG ratio of 2.20 and a beta of 1.35.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.03. The firm had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.73 billion. eBay had a return on equity of 41.94% and a net margin of 20.37%.The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.19 earnings per share. eBay has set its FY 2025 guidance at 4.090-4.140 EPS and its Q4 2025 guidance at 1.310-1.360 EPS. As a group, analysts predict that eBay will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, November 28th. eBay’s payout ratio is presently 25.22%.

Insider Buying and Selling at eBay

In other news, SVP Cornelius Boone sold 4,462 shares of the stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $83.94, for a total transaction of $374,540.28. Following the sale, the senior vice president owned 91,921 shares in the company, valued at approximately $7,715,848.74. This represents a 4.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Julie A. Loeger sold 2,896 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $82.44, for a total value of $238,746.24. Following the completion of the sale, the senior vice president owned 55,990 shares of the company’s stock, valued at approximately $4,615,815.60. This trade represents a 4.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 53,675 shares of company stock worth $4,388,825 over the last 90 days. Company insiders own 0.64% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Verdence Capital Advisors LLC lifted its stake in eBay by 71.2% in the second quarter. Verdence Capital Advisors LLC now owns 17,447 shares of the e-commerce company’s stock valued at $1,299,000 after acquiring an additional 7,256 shares during the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC bought a new stake in shares of eBay in the 3rd quarter valued at about $770,000. Teacher Retirement System of Texas lifted its stake in eBay by 2.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 171,040 shares of the e-commerce company’s stock valued at $12,736,000 after purchasing an additional 3,374 shares during the last quarter. Savant Capital LLC grew its holdings in eBay by 19.4% during the second quarter. Savant Capital LLC now owns 24,229 shares of the e-commerce company’s stock worth $1,804,000 after purchasing an additional 3,933 shares during the period. Finally, Cerity Partners LLC increased its position in eBay by 13.7% during the third quarter. Cerity Partners LLC now owns 131,693 shares of the e-commerce company’s stock worth $11,977,000 after buying an additional 15,818 shares during the last quarter. Institutional investors and hedge funds 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.