Wedbush Forecasts Strong Price Appreciation for eBay (NASDAQ:EBAY) Stock

eBay (NASDAQ:EBAY) had its price objective lifted by stock analysts at Wedbush from $90.00 to $95.00 in a research note issued to investors on Friday,MarketScreener reports. The firm currently has a “neutral” rating on the e-commerce company’s stock. Wedbush’s price objective points to a potential upside of 16.84% from the stock’s current price.

A number of other analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their target price on eBay from $96.00 to $100.00 in a research report on Thursday. UBS Group set a $95.00 target price on eBay in a research report on Thursday. President Capital raised eBay from a “neutral” rating to a “buy” rating and upped their target price for the company from $74.00 to $103.00 in a research report on Friday, September 19th. Barclays upped their target price on eBay from $92.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Citizens Jmp raised eBay from a “market perform” rating to an “outperform” rating and set a $115.00 target price for the company in a research report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, eBay has an average rating of “Hold” and an average price target of $93.74.

eBay Trading Down 2.9%

NASDAQ:EBAY opened at $81.31 on Friday. The stock has a 50-day simple moving average of $91.94 and a 200-day simple moving average of $82.87. The stock has a market cap of $37.16 billion, a P/E ratio of 17.68, a P/E/G ratio of 2.39 and a beta of 1.31. eBay has a 1 year low of $56.33 and a 1 year high of $101.15. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.00 and a current ratio of 1.00.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.03. eBay had a return on equity of 41.45% and a net margin of 20.37%.The business had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the prior year, the firm posted $1.19 EPS. The business’s quarterly 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. Q4 2025 guidance at 1.310-1.360 EPS. As a group, analysts anticipate that eBay will post 3.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Cornelius Boone sold 4,439 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $89.53, for a total transaction of $397,423.67. Following the completion of the transaction, the senior vice president directly owned 93,392 shares of the company’s stock, valued at approximately $8,361,385.76. This represents a 4.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Mazen Rawashdeh sold 1,910 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $89.31, for a total value of $170,582.10. Following the transaction, the senior vice president directly owned 3,824 shares of the company’s stock, valued at approximately $341,521.44. This trade represents a 33.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 96,743 shares of company stock valued at $8,979,844. Corporate 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. Procyon Advisors LLC boosted its holdings in shares of eBay by 100.7% during the second quarter. Procyon Advisors LLC now owns 30,789 shares of the e-commerce company’s stock worth $2,293,000 after purchasing an additional 15,449 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of eBay by 2.0% during the second quarter. Teacher Retirement System of Texas now owns 171,040 shares of the e-commerce company’s stock worth $12,736,000 after purchasing an additional 3,374 shares during the last quarter. Optas LLC boosted its holdings in shares of eBay by 99.0% during the second quarter. Optas LLC now owns 67,974 shares of the e-commerce company’s stock worth $5,061,000 after purchasing an additional 33,814 shares during the last quarter. Marvin & Palmer Associates Inc. acquired a new stake in shares of eBay during the first quarter worth $2,958,000. Finally, Aberdeen Group plc boosted its holdings in shares of eBay by 6.3% during the second quarter. Aberdeen Group plc now owns 460,245 shares of the e-commerce company’s stock worth $34,049,000 after purchasing an additional 27,230 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

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.