eBay (NASDAQ:EBAY) Price Target Raised to $98.00

eBay (NASDAQ:EBAY) had its price objective hoisted by Wells Fargo & Company from $96.00 to $98.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has an equal weight rating on the e-commerce company’s stock.

Several other brokerages have also issued reports on EBAY. President Capital dropped their price objective on eBay from $103.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, December 19th. Citizens Jmp upgraded eBay from a “market perform” rating to an “outperform” rating and set a $115.00 price target on the stock in a research note on Friday, October 24th. B. Riley lifted their price target on eBay from $94.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Wall Street Zen upgraded eBay from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of eBay from $96.00 to $100.00 in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $94.47.

eBay Stock Performance

Shares of EBAY opened at $90.91 on Thursday. The company has a market capitalization of $41.09 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 2.12 and a beta of 1.35. eBay has a 52-week low of $58.71 and a 52-week high of $101.15. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.06. The stock has a 50 day moving average price of $84.32 and a 200 day moving average price of $87.13.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share for the quarter, topping 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 business had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the previous year, the firm earned $1.19 EPS. The company’s 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. Research analysts predict that eBay will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The company also recently disclosed 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 1.3%. The ex-dividend date was Friday, November 28th. eBay’s dividend payout ratio (DPR) is 25.22%.

Insider Buying and Selling

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

Hedge Funds Weigh In On eBay

Large investors have recently modified their holdings of the business. Nordea Investment Management AB boosted its stake in shares of eBay by 5.6% in the second quarter. Nordea Investment Management AB now owns 9,085,603 shares of the e-commerce company’s stock valued at $674,061,000 after buying an additional 478,410 shares in the last quarter. Invesco Ltd. boosted its position in shares of eBay by 1.7% during the 2nd quarter. Invesco Ltd. now owns 8,581,556 shares of the e-commerce company’s stock worth $638,983,000 after purchasing an additional 140,160 shares in the last quarter. First Trust Advisors LP grew its stake in shares of eBay by 27.8% during the 3rd quarter. First Trust Advisors LP now owns 8,309,698 shares of the e-commerce company’s stock worth $755,767,000 after purchasing an additional 1,808,976 shares during the period. Legal & General Group Plc grew its stake in shares of eBay by 2.8% during the 3rd quarter. Legal & General Group Plc now owns 5,263,191 shares of the e-commerce company’s stock worth $478,687,000 after purchasing an additional 141,057 shares during the period. Finally, Impax Asset Management Group plc increased its holdings in shares of eBay by 7.8% in the 2nd quarter. Impax Asset Management Group plc now owns 3,810,634 shares of the e-commerce company’s stock valued at $282,838,000 after purchasing an additional 275,344 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other 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.