Wells Fargo & Company Forecasts Strong Price Appreciation for eBay (NASDAQ:EBAY) Stock

eBay (NASDAQ:EBAY) had its price target upped by equities research analysts at Wells Fargo & Company from $96.00 to $98.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the e-commerce company’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 7.42% from the company’s previous close.

A number of other research firms have also recently commented on EBAY. BNP Paribas started coverage on eBay in a research report on Monday, November 24th. They set a “hold” rating on the stock. UBS Group set a $95.00 price objective on eBay in a report on Thursday, October 30th. Citizens Jmp upgraded eBay from a “market perform” rating to an “outperform” rating and set a $115.00 price objective for the company in a research report on Friday, October 24th. Evercore ISI increased their target price on eBay from $90.00 to $93.00 and gave the company an “in-line” rating in a research report on Thursday, October 30th. Finally, Sanford C. Bernstein set a $90.00 price target on shares of eBay in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $94.47.

eBay Stock Performance

NASDAQ:EBAY traded up $1.08 during trading hours on Thursday, reaching $91.23. The company had a trading volume of 292,018 shares, compared to its average volume of 3,627,347. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.92 and a quick ratio of 0.92. eBay has a 1-year low of $58.71 and a 1-year high of $101.15. The business’s 50 day moving average price is $83.99 and its 200-day moving average price is $86.91. The firm has a market cap of $41.24 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 2.13 and a beta of 1.35.

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

Insiders Place Their Bets

In related news, SVP Julie A. Loeger sold 2,896 shares of the company’s stock in a transaction dated 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 sale, the senior vice president owned 55,990 shares of the company’s stock, valued at approximately $4,615,815.60. This represents a 4.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mazen Rawashdeh sold 1,920 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $81.90, for a total transaction of $157,248.00. Following the completion of the transaction, the senior vice president directly owned 5,746 shares in the company, valued at $470,597.40. This trade represents a 25.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 53,675 shares of company stock valued at $4,388,825. Corporate insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On eBay

Hedge funds and other institutional investors have recently made changes to their positions in the stock. ABN AMRO Bank N.V. acquired a new position in eBay during the second quarter worth $235,149,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of eBay by 1,007.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,189,868 shares of the e-commerce company’s stock worth $163,058,000 after acquiring an additional 1,992,116 shares during the period. First Trust Advisors LP boosted its position 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 valued at $755,767,000 after acquiring an additional 1,808,976 shares during the last quarter. M&G PLC grew its holdings in shares of eBay by 88.8% in the second quarter. M&G PLC now owns 2,785,699 shares of the e-commerce company’s stock valued at $206,142,000 after purchasing an additional 1,310,373 shares during the period. Finally, Valeo Financial Advisors LLC grew its holdings in shares of eBay by 19,822.5% in the second quarter. Valeo Financial Advisors LLC now owns 1,290,981 shares of the e-commerce company’s stock valued at $96,126,000 after purchasing an additional 1,284,501 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Company Profile

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.