The Goldman Sachs Group Has Lowered Expectations for eBay (NASDAQ:EBAY) Stock Price

eBay (NASDAQ:EBAY) had its price objective cut by The Goldman Sachs Group from $78.00 to $77.00 in a report released on Wednesday,MarketScreener reports. The firm presently has a “sell” rating on the e-commerce company’s stock. The Goldman Sachs Group’s target price indicates a potential downside of 19.85% from the company’s previous close.

EBAY has been the topic of several other research reports. Citizens Jmp upgraded shares of eBay from a “market perform” rating to an “outperform” rating and set a $115.00 price objective on the stock in a research note on Friday, October 24th. Rothschild & Co Redburn dropped their price target on eBay from $95.00 to $90.00 in a research report on Friday, November 7th. Wells Fargo & Company raised their price target on eBay from $96.00 to $98.00 and gave the stock an “equal weight” rating in a report on Thursday, January 8th. Citigroup restated a “market outperform” rating on shares of eBay in a research note on Thursday, October 30th. Finally, Wedbush raised their target price on eBay from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty-one have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $95.52.

eBay Stock Performance

EBAY stock opened at $96.07 on Wednesday. The stock’s 50 day simple moving average is $85.36 and its 200 day simple moving average is $87.61. eBay has a 12-month low of $58.71 and a 12-month high of $101.15. The firm has a market cap of $43.42 billion, a P/E ratio of 20.88, a P/E/G ratio of 2.20 and a beta of 1.35. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.06.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.03. eBay had a net margin of 20.37% and a return on equity of 41.94%. The firm had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the previous year, the firm earned $1.19 earnings per share. The firm’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 and its Q4 2025 guidance at 1.310-1.360 EPS. As a group, equities research analysts predict that eBay will post 3.86 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Cornelius Boone sold 4,462 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $83.94, for a total value of $374,540.28. Following the completion of the sale, the senior vice president directly owned 91,921 shares of the company’s stock, valued at approximately $7,715,848.74. This represents a 4.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Mazen Rawashdeh sold 1,920 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $81.90, for a total transaction of $157,248.00. Following the transaction, the senior vice president owned 5,746 shares in the company, valued at $470,597.40. This represents a 25.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 53,675 shares of company stock valued at $4,388,825. Corporate insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On eBay

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Financial Consulate Inc. bought a new stake in shares of eBay in the 3rd quarter worth $27,000. Steigerwald Gordon & Koch Inc. acquired a new position in eBay during the third quarter worth about $28,000. JPL Wealth Management LLC bought a new stake in eBay in the third quarter worth about $28,000. JFS Wealth Advisors LLC lifted its holdings in eBay by 57.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 318 shares of the e-commerce company’s stock valued at $28,000 after acquiring an additional 116 shares during the last quarter. Finally, Beacon Financial Strategies CORP acquired a new stake in eBay in the 4th quarter valued at about $28,000. 87.48% of the stock is owned by institutional investors.

eBay Company Profile

eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.

The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.