eBay (NASDAQ:EBAY – Get Free Report) had its target price lifted by analysts at Argus from $133.00 to $138.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the e-commerce company’s stock. Argus‘s target price suggests a potential upside of 13.15% from the company’s previous close.
Other equities analysts have also recently issued research reports about the stock. William Blair assumed coverage on shares of eBay in a research report on Thursday, October 29th. They set a “market perform” rating on the stock. Needham & Company LLC boosted their target price on eBay from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 29th. BNP Paribas Exane raised eBay to a “neutral” rating in a report on Thursday, October 29th. BTIG Research initiated coverage on eBay in a research report on Thursday, October 29th. They set a “buy” rating for the company. Finally, Truist Financial increased their price target on eBay from $115.00 to $133.00 and gave the company a “hold” rating in a research report on Thursday, October 29th. Seventeen analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $123.52.
Get Our Latest Stock Report on EBAY
eBay Stock Down 1.1%
Shares of NASDAQ EBAY traded down $1.39 during mid-day trading on Thursday, reaching $121.96. 3,024,769 shares of the company’s stock traded hands, compared to its average volume of 4,107,002. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.78 and a quick ratio of 0.78. The business has a 50-day simple moving average of $112.55 and a 200 day simple moving average of $104.57. The stock has a market cap of $53.54 billion, a P/E ratio of 26.63, a PEG ratio of 2.89 and a beta of 1.30. eBay has a 1-year low of $78.03 and a 1-year high of $127.74.
eBay (NASDAQ:EBAY – Get Free Report) last posted its earnings results on Wednesday, October 28th. The e-commerce company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.10. eBay had a net margin of 16.84% and a return on equity of 49.20%. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.12 billion. During the same quarter in the prior year, the business posted $1.36 EPS. The firm’s revenue was up 13.7% compared to the same quarter last year. On average, analysts expect that eBay will post 4.75 EPS for the current fiscal year.
Insider Transactions at eBay
In other eBay news, SVP Jordan Sweetnam sold 1,014 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $101.39, for a total value of $102,809.46. Following the completion of the transaction, the senior vice president directly owned 35,546 shares of the company’s stock, valued at $3,604,008.94. This trade represents a 2.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the firm’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $107.08, for a total value of $1,189,658.80. Following the completion of the sale, the chief executive officer directly owned 226,269 shares in the company, valued at approximately $24,228,884.52. The trade was a 4.68% 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. Insiders sold a total of 23,234 shares of company stock worth $2,429,577 over the last 90 days. 0.67% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On eBay
Several institutional investors have recently modified their holdings of EBAY. BlackRock Inc. purchased a new stake in eBay in the second quarter worth approximately $4,406,897,000. Legal & General Group Plc bought a new stake in shares of eBay in the 2nd quarter worth approximately $506,653,000. Bank of America Corp DE purchased a new stake in shares of eBay in the 2nd quarter valued at $405,182,000. Bank of New York Mellon Corp purchased a new stake in shares of eBay in the 2nd quarter valued at $282,479,000. Finally, Nykredit A S purchased a new stake in shares of eBay in the 2nd quarter valued at $256,983,000. 87.48% of the stock is currently owned by institutional investors.
More eBay News
Here are the key news stories impacting eBay this week:
- Positive Sentiment: Argus raised its price target to $138 from $133 and reiterated a Buy rating. The higher target signals increased analyst optimism about eBay’s prospects. eBay Stock Price Target Raised at Argus
- Positive Sentiment: Depop is lowering shipping rates and adding delivery features. The changes could make the platform more attractive and convenient for buyers and sellers, supporting engagement across eBay’s marketplace portfolio. eBay trims Depop shipping rates, bolsters delivery features
- Positive Sentiment: Nissan is opening an eBay Canada storefront for factory parts, with local dealers handling orders. The partnership adds branded inventory and expands eBay’s usefulness as a parts marketplace. Nissan becomes first automaker to sell factory parts on eBay Canada
- Neutral Sentiment: eBay is making livestream shopping a strategic growth bet. The format could create another way to engage shoppers, but its eventual contribution to revenue and profitability remains uncertain. Why eBay Is Turning Livestream Shopping Into Its Next Big Bet
About eBay
eBay Inc operates a global online marketplace that connects buyers and sellers. Its platform supports both auction-style listings and fixed-price sales across a broad range of categories, including electronics, fashion, collectibles, home goods and auto parts.
Founded by Pierre Omidyar in 1995 as AuctionWeb, the company adopted the eBay name in 1997. It also provides services and tools for sellers, including advertising, payments and shipping features that support transactions on its marketplace.
eBay serves customers and businesses in markets around the world.
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