eBay Inc. (EBAY) PT Set at $34.00 by Goldman Sachs Group Inc.
eBay Inc. (NASDAQ:EBAY) has been given a $34.00 target price by equities research analysts at Goldman Sachs Group Inc. in a note issued to investors on Friday. The firm currently has a a “buy” rating on the e-commerce company’s stock. Goldman Sachs Group Inc.’s price objective suggests a potential upside of 7.90% from the company’s current price.
A number of other research firms have also commented on EBAY. Pacific Crest lowered shares of eBay to a “sell” rating in a research note on Saturday, October 1st. Canaccord Genuity reiterated a “hold” rating and set a $28.00 price objective on shares of eBay in a research note on Tuesday, October 4th. Axiom Securities raised their price objective on shares of eBay from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, September 13th. Robert W. Baird reiterated an “outperform” rating and set a $35.00 price objective on shares of eBay in a research note on Saturday, September 10th. Finally, Deutsche Bank AG upgraded shares of eBay from a “hold” rating to a “buy” rating and raised their price objective for the company from $30.00 to $40.00 in a research note on Wednesday, September 28th. Three investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $33.66.
eBay (NASDAQ:EBAY) opened at 31.51 on Friday. The firm’s 50 day moving average price is $31.98 and its 200-day moving average price is $27.38. eBay has a 52 week low of $21.51 and a 52 week high of $33.19. The stock has a market cap of $35.58 billion, a price-to-earnings ratio of 19.37 and a beta of 1.17.
eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, July 20th. The e-commerce company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. eBay had a net margin of 22.00% and a return on equity of 29.12%. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the business earned $0.42 earnings per share. eBay’s revenue was up 5.7% compared to the same quarter last year. Analysts expect that eBay will post $1.89 EPS for the current year.
In related news, Director Robert Holmes Swan sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $30.65, for a total transaction of $1,532,500.00. Following the completion of the sale, the director now directly owns 425,288 shares of the company’s stock, valued at $13,035,077.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Raymond J. Pittman sold 39,030 shares of the business’s stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $32.14, for a total transaction of $1,254,424.20. Following the sale, the senior vice president now directly owns 32,738 shares of the company’s stock, valued at $1,052,199.32. The disclosure for this sale can be found here. Corporate insiders own 7.40% of the company’s stock.
Several large investors have recently bought and sold shares of the company. AMP Capital Investors Ltd increased its stake in eBay by 18.6% in the first quarter. AMP Capital Investors Ltd now owns 1,632,449 shares of the e-commerce company’s stock worth $39,243,000 after buying an additional 255,722 shares during the period. Cullen Frost Bankers Inc. increased its stake in eBay by 3.4% in the second quarter. Cullen Frost Bankers Inc. now owns 795,774 shares of the e-commerce company’s stock worth $18,629,000 after buying an additional 25,907 shares during the period. Davis R M Inc. increased its stake in eBay by 36.4% in the second quarter. Davis R M Inc. now owns 12,000 shares of the e-commerce company’s stock worth $281,000 after buying an additional 3,200 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in eBay during the first quarter worth $2,887,000. Finally, Creative Planning increased its stake in eBay by 19.2% in the second quarter. Creative Planning now owns 22,906 shares of the e-commerce company’s stock worth $536,000 after buying an additional 3,683 shares during the period. 82.00% of the stock is owned by institutional investors and hedge funds.
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company helps in enabling commerce on its platforms for buyers and sellers online. The Company has an open source platform that provides software developers and merchants an access to its application programming interfaces for developing software and solutions for commerce.
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