eBay (NASDAQ:EBAY) Given New $107.00 Price Target at Citigroup

eBay (NASDAQ:EBAY) had its price target lifted by Citigroup from $100.00 to $107.00 in a report published on Thursday,MarketScreener reports. Citigroup currently has a buy rating on the e-commerce company’s stock.

Several other brokerages have also recently issued reports on EBAY. Bank of America raised their target price on shares of eBay from $89.00 to $101.00 and gave the stock a “neutral” rating in a report on Monday, August 25th. Weiss Ratings restated a “buy (b)” rating on shares of eBay in a report on Wednesday, October 8th. Cowen reaffirmed a “hold” rating on shares of eBay in a research report on Monday, October 20th. UBS Group upped their price target on shares of eBay from $87.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, TD Cowen upped their price target on shares of eBay from $80.00 to $84.00 and gave the company a “hold” rating in a research report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $92.87.

eBay Price Performance

Shares of EBAY opened at $83.73 on Thursday. The company has a market capitalization of $38.26 billion, a P/E ratio of 18.20, a price-to-earnings-growth 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. The firm has a 50 day moving average of $92.30 and a 200 day moving average of $82.65. eBay has a twelve month low of $56.33 and a twelve month high of $101.15.

eBay (NASDAQ:EBAY) last announced its quarterly 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. The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.73 billion. eBay had a net margin of 20.37% and a return on equity of 41.45%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.19 earnings per share. 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, equities research analysts anticipate that eBay will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently declared 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. This represents a $1.16 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, November 28th. eBay’s payout ratio is currently 25.55%.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 7,221 shares of the business’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $91.76, for a total transaction of $662,598.96. Following the completion of the sale, the chief executive officer owned 250,223 shares of the company’s stock, valued at approximately $22,960,462.48. The trade was a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Mazen Rawashdeh sold 1,910 shares of eBay 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 transaction, the senior vice president owned 3,824 shares in the company, valued at approximately $341,521.44. This trade represents a 33.31% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 96,743 shares of company stock worth $8,979,844. Company insiders own 0.64% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Princeton Global Asset Management LLC lifted its stake in shares of eBay by 433.9% during the 2nd quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock valued at $25,000 after buying an additional 269 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new position in shares of eBay during the 1st quarter valued at $26,000. Financial Consulate Inc. bought a new position in eBay in the 3rd quarter worth approximately $27,000. GFG Capital LLC bought a new position in eBay in the 2nd quarter worth approximately $28,000. Finally, Steigerwald Gordon & Koch Inc. bought a new position in eBay in the 3rd quarter worth approximately $28,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

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.