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

eBay (NASDAQ:EBAY) had its price objective hoisted by The Goldman Sachs Group from $38.00 to $46.00 in a research report released on Friday morning, Marketbeat.com reports. The firm currently has a sell rating on the e-commerce company’s stock.

EBAY has been the topic of several other research reports. Truist Financial lifted their price target on eBay from $48.00 to $50.00 and gave the stock a hold rating in a research report on Monday, May 6th. Evercore ISI lifted their price target on eBay from $47.00 to $53.00 and gave the stock an in-line rating in a research report on Thursday, August 1st. Piper Sandler reaffirmed an overweight rating and set a $64.00 price target (up previously from $58.00) on shares of eBay in a research report on Thursday, August 1st. Jefferies Financial Group boosted their target price on eBay from $50.00 to $55.00 and gave the company a hold rating in a report on Thursday, May 30th. Finally, Barclays boosted their target price on eBay from $61.00 to $65.00 and gave the company an overweight rating in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $56.65.

eBay Stock Performance

EBAY traded up $1.96 during trading on Friday, hitting $56.62. 1,930,054 shares of the stock were exchanged, compared to its average volume of 5,732,625. The firm has a market capitalization of $28.42 billion, a P/E ratio of 11.07, a PEG ratio of 2.58 and a beta of 1.31. eBay has a 1-year low of $37.17 and a 1-year high of $57.68. The stock has a fifty day moving average price of $53.73 and a two-hundred day moving average price of $50.41. The company has a quick ratio of 1.99, a current ratio of 1.25 and a debt-to-equity ratio of 1.12.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a yield of 1.91%. eBay’s payout ratio is 21.51%.

Insiders Place Their Bets

In other eBay news, SVP Edward O. Garcia sold 986 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total transaction of $52,110.10. Following the sale, the senior vice president now directly 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 can be accessed through the SEC website. In other news, SVP Julie A. Loeger sold 7,419 shares of the company’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $54.20, for a total value of $402,109.80. Following the sale, the senior vice president now directly owns 70,797 shares in the company, valued at $3,837,197.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Edward O. Garcia sold 986 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total value of $52,110.10. Following the completion of the sale, the senior vice president now owns 37,126 shares in the company, valued at $1,962,109.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,488 shares of company stock worth $565,910. 0.38% of the stock is owned by corporate insiders.

Institutional Trading of eBay

Institutional investors and hedge funds have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of eBay in the second quarter valued at $26,000. Tortoise Investment Management LLC lifted its position in shares of eBay by 894.2% in the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after acquiring an additional 465 shares in the last quarter. Hobbs Group Advisors LLC purchased a new stake in shares of eBay in the second quarter valued at $29,000. Washington Trust Advisors Inc. acquired a new position in eBay in the first quarter valued at $30,000. Finally, LRI Investments LLC acquired a new position in eBay in the first quarter valued at $29,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

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.