eBay (NASDAQ:EBAY) Coverage Initiated at Wedbush

Wedbush began coverage on shares of eBay (NASDAQ:EBAY) in a research report report published on Monday morning, Marketbeat reports. The brokerage issued a neutral rating and a $70.00 price objective on the e-commerce company’s stock. Wedbush also issued estimates for eBay’s Q4 2024 earnings at $0.95 EPS, FY2024 earnings at $3.84 EPS, Q2 2025 earnings at $1.06 EPS, Q3 2025 earnings at $1.05 EPS, Q4 2025 earnings at $1.08 EPS and FY2025 earnings at $4.31 EPS.

EBAY has been the subject of several other research reports. TD Cowen increased their price target on eBay from $45.00 to $54.00 and gave the company a “hold” rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft cut their target price on eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, November 1st. JPMorgan Chase & Co. lowered their price target on shares of eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Truist Financial upped their price objective on shares of eBay from $58.00 to $62.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Finally, Robert W. Baird reduced their target price on shares of eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $62.63.

eBay Trading Down 0.1 %

Shares of EBAY stock opened at $63.17 on Monday. eBay has a fifty-two week low of $40.16 and a fifty-two week high of $67.80. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The stock’s fifty day moving average is $63.49 and its two-hundred day moving average is $58.97. The firm has a market capitalization of $30.26 billion, a P/E ratio of 15.87, a PEG ratio of 1.67 and a beta of 1.35.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.71%. eBay’s dividend payout ratio is currently 27.14%.

Insider Transactions at eBay

In other news, SVP Cornelius Boone sold 3,974 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the sale, the senior vice president now directly owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. The trade was a 5.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the sale, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This trade represents a 26.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,641 shares of company stock valued at $3,370,974. Corporate insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On eBay

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its holdings in shares of eBay by 17.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock valued at $1,394,797,000 after acquiring an additional 3,880,649 shares during the period. Wellington Management Group LLP acquired a new position in eBay in the third quarter valued at $105,506,000. Altshuler Shaham Ltd purchased a new stake in shares of eBay in the second quarter valued at about $71,593,000. LSV Asset Management boosted its stake in shares of eBay by 22.2% during the second quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company’s stock worth $360,211,000 after buying an additional 1,216,885 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of eBay during the second quarter worth about $49,924,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.