eBay (NASDAQ:EBAY) has been given a $49.00 price target by Goldman Sachs Group in a research note issued on Thursday. The firm currently has a “buy” rating on the e-commerce company’s stock. Goldman Sachs Group’s price target indicates a potential upside of 4.97% from the company’s previous close.
Several other research firms have also recently weighed in on EBAY. JPMorgan Chase & Co. set a $45.00 target price on shares of eBay and gave the company a “neutral” rating in a research note on Thursday. Macquarie set a $46.00 target price on shares of eBay and gave the company a “neutral” rating in a research note on Thursday. Barclays set a $49.00 target price on shares of eBay and gave the company a “buy” rating in a research note on Thursday. Robert W. Baird set a $52.00 target price on shares of eBay and gave the company a “buy” rating in a research note on Thursday. Finally, Atlantic Securities set a $45.00 target price on shares of eBay and gave the company a “neutral” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nineteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $42.53.
Shares of eBay (NASDAQ:EBAY) traded up $6.10 during midday trading on Thursday, hitting $46.68. 24,794,688 shares of the stock were exchanged, compared to its average volume of 10,678,657. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $48,520.00, a PE ratio of 6.92, a PEG ratio of 2.81 and a beta of 1.34. eBay has a 1 year low of $31.80 and a 1 year high of $46.99.
eBay announced that its board has initiated a stock buyback program on Wednesday, January 31st that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the e-commerce company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.
In related news, VP Brian J. Doerger sold 4,359 shares of eBay stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $35.75, for a total transaction of $155,834.25. Following the completion of the sale, the vice president now owns 23,392 shares in the company, valued at approximately $836,264. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Brian J. Doerger sold 6,660 shares of eBay stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $35.99, for a total transaction of $239,693.40. Following the sale, the vice president now owns 16,732 shares of the company’s stock, valued at approximately $602,184.68. The disclosure for this sale can be found here. Insiders sold a total of 42,419 shares of company stock valued at $1,512,740 in the last 90 days. Company insiders own 6.78% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in EBAY. Suntrust Banks Inc. lifted its holdings in eBay by 3.5% during the 2nd quarter. Suntrust Banks Inc. now owns 30,483 shares of the e-commerce company’s stock valued at $1,063,000 after buying an additional 1,024 shares in the last quarter. First Allied Advisory Services Inc. lifted its holdings in eBay by 11.7% during the 2nd quarter. First Allied Advisory Services Inc. now owns 15,208 shares of the e-commerce company’s stock valued at $531,000 after buying an additional 1,599 shares in the last quarter. HighTower Advisors LLC lifted its holdings in eBay by 6.7% during the 2nd quarter. HighTower Advisors LLC now owns 28,382 shares of the e-commerce company’s stock valued at $983,000 after buying an additional 1,775 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in eBay by 134.5% during the 2nd quarter. Janus Henderson Group PLC now owns 5,951,860 shares of the e-commerce company’s stock valued at $207,826,000 after buying an additional 3,414,163 shares in the last quarter. Finally, FTB Advisors Inc. lifted its holdings in eBay by 5.5% during the 2nd quarter. FTB Advisors Inc. now owns 196,757 shares of the e-commerce company’s stock valued at $6,914,000 after buying an additional 10,265 shares in the last quarter. Institutional investors own 85.95% of the company’s stock.
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eBay Company Profile
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.
