President Capital Cuts eBay (NASDAQ:EBAY) Price Target to $94.00

eBay (NASDAQ:EBAY) had its price target cut by President Capital from $103.00 to $94.00 in a research note published on Friday morning,MarketScreener reports. They currently have a buy rating on the e-commerce company’s stock.

Other research analysts have also recently issued reports about the company. The Goldman Sachs Group raised their target price on eBay from $72.00 to $78.00 and gave the stock a “sell” rating in a research report on Thursday, October 30th. Mizuho began coverage on shares of eBay in a research note on Monday, September 29th. They issued a “neutral” rating and a $98.00 price objective for the company. TD Cowen raised their price objective on shares of eBay from $80.00 to $84.00 and gave the stock a “hold” rating in a report on Monday, October 20th. Piper Sandler decreased their target price on shares of eBay from $102.00 to $98.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 11th. Finally, BNP Paribas began coverage on eBay in a report on Monday, November 24th. They set a “hold” rating on the stock. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $94.41.

eBay Stock Up 1.2%

NASDAQ EBAY opened at $84.66 on Friday. eBay has a twelve month low of $58.71 and a twelve month high of $101.15. The stock has a market cap of $38.27 billion, a PE ratio of 18.40, a PEG ratio of 2.13 and a beta of 1.35. The firm has a 50-day simple moving average of $85.99 and a 200 day simple moving average of $86.15. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.92 and a current ratio of 0.92.

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

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were paid a $0.29 dividend. The ex-dividend date was Friday, November 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.4%. eBay’s payout ratio is 25.22%.

Insider Buying and Selling at eBay

In other eBay news, SVP Cornelius Boone sold 4,462 shares of the business’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $83.94, for a total value of $374,540.28. Following the transaction, the senior vice president owned 91,921 shares of the company’s stock, valued at approximately $7,715,848.74. The trade was a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Julie A. Loeger sold 2,896 shares of eBay stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $82.44, for a total value of $238,746.24. Following the completion of the transaction, the senior vice president directly owned 55,990 shares of the company’s stock, valued at $4,615,815.60. This represents a 4.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 60,896 shares of company stock worth $5,051,424 over the last 90 days. Company insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On eBay

A number of large investors have recently modified their holdings of EBAY. Miracle Mile Advisors LLC lifted its holdings in eBay by 0.4% during the 3rd quarter. Miracle Mile Advisors LLC now owns 29,151 shares of the e-commerce company’s stock worth $2,651,000 after buying an additional 118 shares in the last quarter. Garrett Wealth Advisory Group LLC raised its position in shares of eBay by 3.8% during the second quarter. Garrett Wealth Advisory Group LLC now owns 3,278 shares of the e-commerce company’s stock worth $244,000 after acquiring an additional 119 shares during the last quarter. Groupe la Francaise lifted its stake in shares of eBay by 8.2% during the second quarter. Groupe la Francaise now owns 1,621 shares of the e-commerce company’s stock valued at $121,000 after acquiring an additional 123 shares during the period. Hemington Wealth Management boosted its holdings in eBay by 7.7% in the second quarter. Hemington Wealth Management now owns 1,742 shares of the e-commerce company’s stock valued at $129,000 after acquiring an additional 124 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in eBay by 9.0% in the second quarter. Parkside Financial Bank & Trust now owns 1,666 shares of the e-commerce company’s stock valued at $124,000 after acquiring an additional 137 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

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.