eBay (NASDAQ:EBAY) Price Target Raised to $103.00

eBay (NASDAQ:EBAY) had its price target lifted by analysts at Arete from $91.00 to $103.00 in a research note issued to investors on Thursday,MarketScreener reports. The firm currently has a “neutral” rating on the e-commerce company’s stock. Arete’s price target points to a potential upside of 7.21% from the company’s previous close.

A number of other analysts have also weighed in on the stock. Citizens Jmp upgraded shares of eBay from a “market perform” rating to an “outperform” rating and set a $115.00 price objective for the company in a research note on Friday, October 24th. Piper Sandler cut their price target on shares of eBay from $102.00 to $98.00 and set an “overweight” rating on the stock in a report on Tuesday, November 11th. Wells Fargo & Company boosted their price objective on shares of eBay from $96.00 to $98.00 and gave the stock an “equal weight” rating in a report on Thursday, January 8th. Needham & Company LLC upped their price objective on eBay from $95.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, Wall Street Zen raised eBay from a “hold” rating to a “buy” rating in a report on Saturday, January 3rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty-one have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, eBay currently has a consensus rating of “Hold” and a consensus price target of $95.52.

eBay Stock Up 1.7%

Shares of EBAY traded up $1.65 during mid-day trading on Thursday, reaching $96.07. The company had a trading volume of 5,345,430 shares, compared to its average volume of 4,163,010. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $43.42 billion, a price-to-earnings ratio of 20.88, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35. The firm has a 50-day moving average price of $85.05 and a 200 day moving average price of $87.55. eBay has a 52 week low of $58.71 and a 52 week high of $101.15.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.03. eBay had a return on equity of 41.94% and a net margin of 20.37%.The business had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter in the previous year, the business earned $1.19 earnings per share. The firm’s quarterly revenue 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. On average, sell-side analysts forecast that eBay will post 3.86 EPS for the current year.

Insider Activity at eBay

In other eBay news, CEO Jamie Iannone sold 7,221 shares of the stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $81.08, for a total value of $585,478.68. Following the transaction, the chief executive officer owned 235,781 shares of the company’s stock, valued at approximately $19,117,123.48. This represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Julie A. Loeger sold 2,896 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $82.44, for a total value of $238,746.24. Following the sale, the senior vice president owned 55,990 shares of the company’s stock, valued at approximately $4,615,815.60. This represents a 4.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 53,675 shares of company stock valued at $4,388,825 in the last 90 days. 0.64% of the stock is owned by company insiders.

Institutional Trading of eBay

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ABN AMRO Bank N.V. bought a new stake in shares of eBay during the 2nd quarter valued at $235,149,000. Arrowstreet Capital Limited Partnership grew its holdings in eBay by 1,007.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,189,868 shares of the e-commerce company’s stock valued at $163,058,000 after purchasing an additional 1,992,116 shares during the period. First Trust Advisors LP increased its position in eBay by 27.8% in the third quarter. First Trust Advisors LP now owns 8,309,698 shares of the e-commerce company’s stock worth $755,767,000 after buying an additional 1,808,976 shares in the last quarter. M&G PLC increased its position in eBay by 88.8% in the second quarter. M&G PLC now owns 2,785,699 shares of the e-commerce company’s stock worth $206,142,000 after buying an additional 1,310,373 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in shares of eBay by 19,822.5% in the second quarter. Valeo Financial Advisors LLC now owns 1,290,981 shares of the e-commerce company’s stock worth $96,126,000 after buying an additional 1,284,501 shares during the period. 87.48% of the stock is owned by hedge funds and other 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.