Analysts at Rosenblatt Securities initiated coverage on shares of eBay (NASDAQ:EBAY – Get Free Report) in a research note issued on Thursday,Benzinga reports. The brokerage set a “buy” rating and a $120.00 price target on the e-commerce company’s stock. Rosenblatt Securities’ price objective suggests a potential upside of 16.91% from the stock’s current price.
Several other brokerages have also weighed in on EBAY. The Goldman Sachs Group increased their target price on eBay from $88.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Mizuho set a $110.00 price target on eBay in a research report on Thursday, August 6th. Robert W. Baird set a $126.00 price objective on eBay in a research note on Thursday, August 6th. Benchmark boosted their target price on eBay from $115.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Wall Street Zen raised shares of eBay from a “hold” rating to a “buy” rating in a research report on Sunday, April 26th. Fifteen analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $117.18.
View Our Latest Stock Report on EBAY
eBay Price Performance
eBay (NASDAQ:EBAY – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.10. The company had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.01 billion. eBay had a net margin of 18.50% and a return on equity of 47.88%. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period last year, the company earned $1.37 EPS. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. On average, sell-side analysts expect that eBay will post 4.87 earnings per share for the current fiscal year.
Insider Activity
In other news, CEO Jamie Iannone sold 11,110 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $109.59, for a total value of $1,217,544.90. Following the completion of the transaction, the chief executive officer owned 280,204 shares of the company’s stock, valued at approximately $30,707,556.36. This represents a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 50,000 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $117.04, for a total transaction of $5,852,000.00. Following the completion of the transaction, the senior vice president owned 29,217 shares of the company’s stock, valued at $3,419,557.68. This represents a 63.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 86,112 shares of company stock valued at $9,837,076. 0.67% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On eBay
Hedge funds and other institutional investors have recently bought and sold shares of the business. Allworth Financial LP lifted its holdings in shares of eBay by 62.6% during the fourth quarter. Allworth Financial LP now owns 23,108 shares of the e-commerce company’s stock valued at $2,013,000 after acquiring an additional 8,899 shares during the period. North Dakota State Investment Board acquired a new stake in shares of eBay in the fourth quarter valued at $1,809,000. Eurizon Capital SGR S.p.A. bought a new position in shares of eBay in the fourth quarter valued at about $9,368,000. Jefferies Financial Group Inc. acquired a new position in eBay during the 4th quarter worth about $1,209,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its position in eBay by 904.3% in the 4th quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 283,215 shares of the e-commerce company’s stock valued at $24,668,000 after acquiring an additional 255,015 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors.
About eBay
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.
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