eBay (NASDAQ:EBAY) Upgraded to Strong-Buy at Rosenblatt Securities

eBay (NASDAQ:EBAY) was upgraded by research analysts at Rosenblatt Securities to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Barclays boosted their price target on eBay from $114.00 to $123.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Truist Financial increased their price objective on shares of eBay from $105.00 to $115.00 and gave the company a “hold” rating in a report on Thursday, August 6th. Robert W. Baird set a $126.00 price objective on shares of eBay in a research report on Thursday, August 6th. Cantor Fitzgerald lowered their target price on shares of eBay from $110.00 to $106.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Finally, Citigroup boosted their target price on shares of eBay from $127.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and an average price target of $117.24.

eBay Price Performance

NASDAQ:EBAY opened at $104.61 on Wednesday. The business’s 50-day simple moving average is $110.21 and its two-hundred day simple moving average is $102.30. eBay has a 52 week low of $78.03 and a 52 week high of $119.31. The stock has a market cap of $46.55 billion, a PE ratio of 21.66, a P/E/G ratio of 2.48 and a beta of 1.37. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.10.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.10. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.01 billion. eBay had a return on equity of 47.88% and a net margin of 18.50%.The business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.37 earnings per share. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. As a group, analysts forecast that eBay will post 4.87 EPS for the current fiscal year.

Insider Activity at eBay

In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $101.39, for a total transaction of $102,809.46. Following the completion of the transaction, the senior vice president owned 35,546 shares in the company, valued at $3,604,008.94. This trade represents a 2.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through 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 that occurred on Wednesday, August 5th. The shares were sold at an average price of $108.55, for a total value of $1,205,990.50. Following the transaction, the chief executive officer owned 253,211 shares of the company’s stock, valued at $27,486,054.05. This represents a 4.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 37,126 shares of company stock valued at $4,087,886. Insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in eBay by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 57,613,332 shares of the e-commerce company’s stock valued at $5,018,121,000 after purchasing an additional 468,833 shares during the last quarter. BlackRock Inc. purchased a new position in shares of eBay in the 2nd quarter worth $4,406,897,000. Invesco Ltd. increased its holdings in shares of eBay by 8.3% in the 4th quarter. Invesco Ltd. now owns 9,020,923 shares of the e-commerce company’s stock worth $785,722,000 after buying an additional 692,805 shares during the last quarter. Independent Franchise Partners LLP raised its position in shares of eBay by 5.2% during the 4th quarter. Independent Franchise Partners LLP now owns 7,748,177 shares of the e-commerce company’s stock valued at $674,866,000 after buying an additional 384,570 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of eBay by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,901,415 shares of the e-commerce company’s stock valued at $446,042,000 after buying an additional 80,450 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

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.