eBay (NASDAQ:EBAY) Given New $78.00 Price Target at The Goldman Sachs Group

eBay (NASDAQ:EBAY) had its price objective upped by The Goldman Sachs Group from $72.00 to $78.00 in a research note published on Thursday morning,MarketScreener reports. They currently have a sell rating on the e-commerce company’s stock.

Several other equities research analysts also recently commented on the stock. Bank of America lifted their price objective on shares of eBay from $89.00 to $101.00 and gave the stock a “neutral” rating in a research note on Monday, August 25th. TD Cowen boosted their target price on shares of eBay from $80.00 to $84.00 and gave the company a “hold” rating in a research report on Monday, October 20th. Argus restated a “hold” rating on shares of eBay in a research report on Thursday, August 14th. Piper Sandler restated an “overweight” rating and set a $102.00 target price (up from $95.00) on shares of eBay in a research report on Thursday. Finally, Citizens Jmp upgraded shares of 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. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $92.87.

eBay Trading Down 15.9%

NASDAQ:EBAY opened at $83.73 on Thursday. eBay has a 12 month low of $56.33 and a 12 month high of $101.15. The firm has a fifty day simple moving average of $92.30 and a 200-day simple moving average of $82.65. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $38.26 billion, a P/E ratio of 18.20, a PEG ratio of 2.39 and a beta of 1.31.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, October 29th. The e-commerce company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.33 by $0.03. eBay had a net margin of 20.37% and a return on equity of 41.45%. The business had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the previous year, the firm posted $1.19 earnings per share. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. eBay has set its FY 2025 guidance at 4.090-4.140 EPS. Q4 2025 guidance at 1.310-1.360 EPS. On average, equities research analysts anticipate that eBay will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be given a $0.29 dividend. The ex-dividend date is Friday, November 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.4%. eBay’s dividend payout ratio is 25.55%.

Insider Activity

In other eBay news, SVP Julie A. Loeger sold 75,952 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $93.25, for a total value of $7,082,524.00. Following the completion of the transaction, the senior vice president owned 53,107 shares in the company, valued at approximately $4,952,227.75. This represents a 58.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Cornelius Boone sold 4,439 shares of the company’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $89.53, for a total transaction of $397,423.67. Following the completion of the transaction, the senior vice president owned 93,392 shares of the company’s stock, valued at approximately $8,361,385.76. This trade represents a 4.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 96,743 shares of company stock worth $8,979,844. 0.64% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Westfuller Advisors LLC acquired a new position in shares of eBay in the third quarter worth about $41,000. Teacher Retirement System of Texas increased its stake in shares of eBay by 50.1% during the third quarter. Teacher Retirement System of Texas now owns 256,733 shares of the e-commerce company’s stock worth $23,350,000 after purchasing an additional 85,693 shares in the last quarter. iA Global Asset Management Inc. increased its stake in shares of eBay by 233.6% during the third quarter. iA Global Asset Management Inc. now owns 46,902 shares of the e-commerce company’s stock worth $4,266,000 after purchasing an additional 32,841 shares in the last quarter. Strs Ohio increased its stake in shares of eBay by 240.4% during the third quarter. Strs Ohio now owns 132,014 shares of the e-commerce company’s stock worth $12,007,000 after purchasing an additional 93,234 shares in the last quarter. Finally, CNB Bank increased its stake in shares of eBay by 199.3% during the third quarter. CNB Bank now owns 898 shares of the e-commerce company’s stock worth $82,000 after purchasing an additional 598 shares in the last quarter. Institutional investors and hedge funds 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.