Truist Financial Issues Positive Forecast for eBay (NASDAQ:EBAY) Stock Price

eBay (NASDAQ:EBAY) had its target price increased by Truist Financial from $86.00 to $92.00 in a research note issued to investors on Monday morning, MarketBeat Ratings reports. They currently have a hold rating on the e-commerce company’s stock.

A number of other research firms have also recently commented on EBAY. B. Riley lifted their price target on shares of eBay from $94.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, October 20th. UBS Group set a $95.00 price target on shares of eBay in a report on Thursday. Piper Sandler reaffirmed an “overweight” rating and issued a $102.00 price target (up previously from $95.00) on shares of eBay in a report on Thursday. Argus reaffirmed a “hold” rating on shares of eBay in a report on Thursday, August 14th. Finally, TD Cowen lifted their price target on shares of eBay from $80.00 to $84.00 and gave the stock a “hold” rating in a report on Monday, October 20th. One equities research 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.com, eBay has a consensus rating of “Hold” and an average price target of $94.52.

eBay Price Performance

Shares of NASDAQ EBAY opened at $82.77 on Monday. eBay has a twelve month low of $58.05 and a twelve month high of $101.15. The stock’s 50 day moving average price is $91.62 and its 200-day moving average price is $83.11. The company has a market capitalization of $37.83 billion, a PE ratio of 17.99, a PEG ratio of 2.39 and a beta of 1.31. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.05.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.03. eBay had a return on equity of 41.45% and a net margin of 20.37%.The firm had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the previous year, the business earned $1.19 EPS. The company’s 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. On average, equities analysts anticipate that eBay will post 3.86 EPS for the current year.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.16 dividend on an annualized basis and a yield of 1.4%. eBay’s payout ratio is presently 25.22%.

Insider Buying and Selling at eBay

In other eBay news, SVP Mazen Rawashdeh sold 1,910 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $89.31, for a total transaction of $170,582.10. Following the sale, the senior vice president owned 3,824 shares of the company’s stock, valued at $341,521.44. The trade was a 33.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Cornelius Boone sold 4,439 shares of the business’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $89.53, for a total transaction of $397,423.67. Following the sale, the senior vice president directly owned 93,392 shares in the company, valued at $8,361,385.76. The trade was a 4.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 20,791 shares of company stock valued at $1,897,320 in the last 90 days. 0.64% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EBAY. Procyon Advisors LLC boosted its position in eBay by 100.7% during the second quarter. Procyon Advisors LLC now owns 30,789 shares of the e-commerce company’s stock valued at $2,293,000 after buying an additional 15,449 shares during the period. Teacher Retirement System of Texas boosted its position in 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 valued at $12,736,000 after buying an additional 3,374 shares during the period. Optas LLC boosted its position in eBay by 99.0% during the second quarter. Optas LLC now owns 67,974 shares of the e-commerce company’s stock valued at $5,061,000 after buying an additional 33,814 shares during the period. Marvin & Palmer Associates Inc. purchased a new stake in eBay during the first quarter valued at about $2,958,000. Finally, Aberdeen Group plc boosted its position in eBay by 6.3% during the second quarter. Aberdeen Group plc now owns 460,245 shares of the e-commerce company’s stock valued at $34,049,000 after buying an additional 27,230 shares during the period. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

eBay Company Profile

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.