eBay (NASDAQ:EBAY) Price Target Increased to $46.00 by Analysts at The Goldman Sachs Group

eBay (NASDAQ:EBAY) had its target price lifted by The Goldman Sachs Group from $38.00 to $46.00 in a research note released on Friday morning, Benzinga reports. They currently have a sell rating on the e-commerce company’s stock.

Several other research firms have also weighed in on EBAY. Jefferies Financial Group lifted their price objective on shares of eBay from $50.00 to $55.00 and gave the company a hold rating in a research note on Thursday, May 30th. Morgan Stanley lifted their price objective on shares of eBay from $61.00 to $64.00 and gave the company an overweight rating in a research note on Friday, July 19th. Mizuho lifted their price objective on shares of eBay from $44.00 to $49.00 and gave the company a neutral rating in a research note on Thursday, May 2nd. Robert W. Baird lifted their price objective on shares of eBay from $58.00 to $62.00 and gave the company an outperform rating in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of eBay from $60.00 to $64.00 and gave the company a buy rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $56.25.

eBay Trading Down 0.1 %

Shares of NASDAQ EBAY traded down $0.03 during midday trading on Friday, reaching $56.20. The stock had a trading volume of 5,578,664 shares, compared to its average volume of 4,263,694. The firm has a market cap of $28.21 billion, a price-to-earnings ratio of 11.20, a price-to-earnings-growth ratio of 2.58 and a beta of 1.31. eBay has a twelve month low of $37.17 and a twelve month high of $57.68. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.99 and a current ratio of 1.25. The company’s 50 day moving average price is $53.72 and its 200 day moving average price is $50.18.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.53 billion. eBay had a net margin of 26.41% and a return on equity of 29.69%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.87 EPS. As a group, sell-side analysts expect that eBay will post 3.73 EPS for the current year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a $0.27 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.08 annualized dividend and a dividend yield of 1.92%. eBay’s dividend payout ratio is currently 21.51%.

Insider Activity at eBay

In related news, SVP Edward O. Garcia sold 986 shares of the stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total transaction of $52,110.10. Following the completion of the transaction, the senior vice president now owns 37,126 shares in the company, valued at $1,962,109.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CAO Rebecca Spencer sold 2,083 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $53.62, for a total transaction of $111,690.46. Following the completion of the transaction, the chief accounting officer now owns 4,109 shares in the company, valued at $220,324.58. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Edward O. Garcia sold 986 shares of the stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total transaction of $52,110.10. Following the transaction, the senior vice president now owns 37,126 shares of the company’s stock, valued at approximately $1,962,109.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,488 shares of company stock worth $565,910. 0.38% of the stock is owned by company insiders.

Hedge Funds Weigh In On eBay

Several institutional investors have recently added to or reduced their stakes in EBAY. Vanguard Group Inc. boosted its position in eBay by 7.7% during the first quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock worth $3,321,403,000 after purchasing an additional 4,524,934 shares during the period. M&G Plc bought a new position in eBay during the first quarter worth about $97,557,000. Swedbank AB bought a new position in eBay during the first quarter worth about $73,777,000. Norges Bank bought a new position in eBay during the fourth quarter worth about $53,019,000. Finally, Dimensional Fund Advisors LP boosted its position in eBay by 22.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,248,438 shares of the e-commerce company’s stock worth $272,551,000 after purchasing an additional 1,141,288 shares during the period. Institutional investors own 87.48% of the company’s stock.

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.