eBay (NASDAQ:EBAY) Reaches New 12-Month High – Here’s Why

eBay Inc. (NASDAQ:EBAY)’s stock price reached a new 52-week high during trading on Thursday. The company traded as high as $120.39 and last traded at $119.9520, with a volume of 285,193 shares trading hands. The stock had previously closed at $116.88.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Cantor Fitzgerald reduced their price target on eBay from $110.00 to $106.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Susquehanna reiterated a “neutral” rating on shares of eBay in a research report on Friday, August 7th. Sanford C. Bernstein reissued a “market perform” rating and issued a $115.00 price objective on shares of eBay in a report on Monday, August 3rd. Needham & Company LLC boosted their price objective on eBay from $122.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Citigroup boosted their price objective on eBay from $127.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $115.24.

eBay Stock Up 4.7%

The company has a debt-to-equity ratio of 1.10, a current ratio of 1.02 and a quick ratio of 1.02. The business’s 50 day moving average price is $107.05 and its 200 day moving average price is $107.61. The firm has a market cap of $54.44 billion, a PE ratio of 25.33, a PEG ratio of 3.08 and a beta of 1.33.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.10. eBay had a net margin of 18.50% and a return on equity of 47.88%. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period last year, the company posted $1.37 EPS. eBay’s quarterly revenue was up 14.8% compared to the same quarter last year. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. On average, equities research analysts expect that eBay Inc. will post 4.87 earnings per share for the current year.

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 28th were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.0%. eBay’s payout ratio is currently 25.67%.

Insider Activity at eBay

In related news, SVP Jordan Sweetnam sold 1,014 shares of the business’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 sale, the senior vice president directly owned 35,546 shares in the company, valued at approximately $3,604,008.94. The trade was a 2.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the stock in a transaction on Monday, October 5th. The shares were sold at an average price of $107.08, for a total value of $1,189,658.80. Following the completion of the transaction, the chief executive officer directly owned 226,269 shares of the company’s stock, valued at approximately $24,228,884.52. This represents a 4.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 34,344 shares of company stock valued at $3,635,567 over the last quarter. 0.67% of the stock is owned by company insiders.

Institutional Investors Weigh In On eBay

Hedge funds have recently modified their holdings of the business. Fortitude Family Office LLC raised its holdings in eBay by 169.3% in the 3rd quarter. Fortitude Family Office LLC now owns 964 shares of the e-commerce company’s stock valued at $102,000 after acquiring an additional 606 shares during the last quarter. Columbus Macro LLC lifted its stake in eBay by 2.5% in the 3rd quarter. Columbus Macro LLC now owns 3,838 shares of the e-commerce company’s stock worth $407,000 after purchasing an additional 93 shares in the last quarter. First Citizens Bank & Trust Co. lifted its stake in eBay by 267.0% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 10,092 shares of the e-commerce company’s stock worth $1,070,000 after purchasing an additional 7,342 shares in the last quarter. My Personal CFO LLC acquired a new position in shares of eBay during the 3rd quarter worth approximately $432,000. Finally, Contravisory Investment Management Inc. boosted its holdings in shares of eBay by 7.6% during the 3rd quarter. Contravisory Investment Management Inc. now owns 13,884 shares of the e-commerce company’s stock worth $1,472,000 after purchasing an additional 981 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Company Profile

eBay Inc (NASDAQ: EBAY) operates a global online marketplace that connects millions of buyers and sellers. The platform enables individuals, small businesses and larger retailers to list and purchase new, used and refurbished merchandise across categories such as electronics, fashion, collectibles, automotive parts, home goods and industrial products.

The company generates revenue primarily through fees charged to sellers for listing and selling items, along with advertising services and other marketplace-related offerings.