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

eBay (NASDAQ:EBAY) had its target price hoisted by Arete from $91.00 to $103.00 in a research note issued to investors on Thursday morning,MarketScreener reports. Arete currently has a neutral rating on the e-commerce company’s stock.

Several other research firms have also recently commented on EBAY. Deutsche Bank Aktiengesellschaft raised their target price on eBay from $96.00 to $100.00 in a research note on Thursday, October 30th. Robert W. Baird raised their price objective on shares of eBay from $89.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, October 13th. Citigroup reiterated a “market outperform” rating on shares of eBay in a research note on Thursday, October 30th. Wedbush increased their target price on shares of eBay from $90.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Finally, Sanford C. Bernstein set a $90.00 price target on shares of eBay in a report 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 assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $95.52.

eBay Trading Down 3.2%

Shares of EBAY stock opened at $93.03 on Thursday. eBay has a fifty-two week low of $58.71 and a fifty-two week high of $101.15. The stock’s fifty day moving average price is $85.54 and its two-hundred day moving average price is $87.82. 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 cap of $42.05 billion, a PE ratio of 20.22, a P/E/G ratio of 2.16 and a beta of 1.35.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.03. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.73 billion. eBay had a net margin of 20.37% and a return on equity of 41.94%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company posted $1.19 EPS. eBay has set its FY 2025 guidance at 4.090-4.140 EPS and its Q4 2025 guidance at 1.310-1.360 EPS. Equities analysts predict that eBay will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, November 28th. eBay’s dividend payout ratio is presently 25.22%.

Insider Activity

In other news, CEO Jamie Iannone sold 7,221 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $81.08, for a total value of $585,478.68. Following the completion of the sale, the chief executive officer owned 235,781 shares in the company, valued at $19,117,123.48. This represents a 2.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Cornelius Boone sold 4,462 shares of the stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $83.94, for a total transaction of $374,540.28. Following the completion of the sale, the senior vice president owned 91,921 shares of the company’s stock, valued at approximately $7,715,848.74. This trade represents a 4.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 53,675 shares of company stock worth $4,388,825. Company insiders own 0.64% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EBAY. Parallel Advisors LLC raised its stake in shares of eBay by 6.4% in the second quarter. Parallel Advisors LLC now owns 7,887 shares of the e-commerce company’s stock valued at $587,000 after buying an additional 475 shares during the period. Czech National Bank increased its holdings in eBay by 2.4% in the 2nd quarter. Czech National Bank now owns 112,684 shares of the e-commerce company’s stock worth $8,390,000 after acquiring an additional 2,666 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in eBay by 0.7% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 62,175 shares of the e-commerce company’s stock valued at $4,630,000 after acquiring an additional 416 shares during the period. Swedbank AB lifted its holdings in eBay by 1.9% during the second quarter. Swedbank AB now owns 1,553,694 shares of the e-commerce company’s stock valued at $115,688,000 after purchasing an additional 28,314 shares during the last quarter. Finally, Wedmont Private Capital boosted its position in eBay by 3.3% during the second quarter. Wedmont Private Capital now owns 9,498 shares of the e-commerce company’s stock worth $725,000 after purchasing an additional 303 shares during the period. 87.48% of the stock is currently 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.