eBay (NASDAQ:EBAY) Coverage Initiated by Analysts at Wedbush

Wedbush began coverage on shares of eBay (NASDAQ:EBAY) in a report released on Thursday morning, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $135.00 target price on the e-commerce company’s stock.

Other equities analysts also recently issued reports about the stock. TD Cowen upped their price objective on shares of eBay from $87.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, May 1st. Wells Fargo & Company raised their target price on eBay from $104.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Needham & Company LLC restated a “buy” rating and set a $122.00 price target on shares of eBay in a report on Thursday, April 30th. Piper Sandler reaffirmed an “overweight” rating and set a $115.00 price target (up from $105.00) on shares of eBay in a research report on Thursday, April 30th. Finally, Susquehanna increased their price objective on eBay from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Fourteen equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, eBay currently has a consensus rating of “Hold” and an average target price of $110.52.

eBay Stock Down 1.6%

Shares of NASDAQ EBAY opened at $110.91 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.36. eBay has a 52 week low of $75.78 and a 52 week high of $119.31. The firm’s fifty day moving average is $111.51 and its 200 day moving average is $99.26. The company has a market cap of $49.24 billion, a price-to-earnings ratio of 25.15, a PEG ratio of 2.49 and a beta of 1.37.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, April 29th. The e-commerce company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.08. The company had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.04 billion. eBay had a net margin of 17.58% and a return on equity of 46.11%. The firm’s revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.38 EPS. eBay has set its Q2 2026 guidance at 1.090-1.140 EPS. On average, equities research analysts expect that eBay will post 4.87 earnings per share for the current year.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were given a dividend of $0.31 per share. The ex-dividend date was Friday, May 29th. This represents a $1.24 annualized dividend and a dividend yield of 1.1%. eBay’s payout ratio is currently 28.12%.

Insider Buying and Selling

In related news, SVP Mazen Rawashdeh sold 50,000 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $117.04, for a total value of $5,852,000.00. Following the completion of the transaction, the senior vice president directly owned 29,217 shares of the company’s stock, valued at $3,419,557.68. This represents a 63.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Douglas Bradle Sweetnam sold 1,010 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $115.61, for a total transaction of $116,766.10. Following the completion of the sale, the senior vice president owned 32,146 shares of the company’s stock, valued at $3,716,399.06. This trade represents a 3.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 76,012 shares of company stock valued at $8,747,852 over the last three months. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in eBay by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 57,613,332 shares of the e-commerce company’s stock worth $5,018,121,000 after purchasing an additional 468,833 shares during the period. Invesco Ltd. lifted its position in eBay by 8.3% during the fourth quarter. Invesco Ltd. now owns 9,020,923 shares of the e-commerce company’s stock valued at $785,722,000 after buying an additional 692,805 shares during the period. Independent Franchise Partners LLP lifted its position in eBay by 5.2% during the fourth 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 during the period. Dimensional Fund Advisors LP boosted its holdings 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. Finally, Bank of America Corp DE grew its position in shares of eBay by 0.8% in the 1st quarter. Bank of America Corp DE now owns 3,722,253 shares of the e-commerce company’s stock worth $338,799,000 after buying an additional 30,761 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay News Roundup

Here are the key news stories impacting eBay this week:

• Positive Sentiment: UK regulators cleared eBay’s planned $1.2 billion acquisition of Depop, removing a key hurdle and making the deal more likely to close. UK watchdog clears eBay’s planned acquisition of Depop from Etsy
• Positive Sentiment: Wedbush initiated coverage with an Outperform rating and a $135 price target, signaling confidence in upside from current levels.
• Positive Sentiment: Jefferies issued a positive forecast for eBay’s stock, adding to the bullish analyst tone. Jefferies Financial Group Issues Positive Forecast for eBay (NASDAQ:EBAY) Stock Price

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.