Erste Group Bank Begins Coverage on eBay (NASDAQ:EBAY)

Analysts at Erste Group Bank assumed coverage on shares of eBay (NASDAQ:EBAY) in a research report issued on Wednesday, Briefing.com reports. The firm set a “buy” rating on the e-commerce company’s stock.

Several other equities research analysts also recently weighed in on the company. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $115.00 price target on shares of eBay in a report on Monday, August 3rd. UBS Group boosted their price objective on shares of eBay from $107.00 to $120.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Morgan Stanley upped their price objective on shares of eBay from $127.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday, October 12th. Benchmark raised their target price on shares of eBay from $115.00 to $134.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Robert W. Baird set a $126.00 target price on shares of eBay in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $115.84.

eBay Stock Performance

NASDAQ EBAY opened at $121.19 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.10. eBay has a 52-week low of $78.03 and a 52-week high of $124.59. The business’s 50-day moving average price is $108.03 and its 200 day moving average price is $108.49. The firm has a market cap of $53.93 billion, a P/E ratio of 25.09, a P/E/G ratio of 3.18 and a beta of 1.33.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, August 5th. The e-commerce company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.50 by $0.10. eBay had a return on equity of 47.88% and a net margin of 18.50%. The firm had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the prior year, the business earned $1.37 EPS. The firm’s 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 will post 4.89 earnings per share for the current year.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 11,110 shares of the business’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $107.08, for a total transaction of $1,189,658.80. Following the sale, the chief executive officer directly owned 226,269 shares in the company, valued at approximately $24,228,884.52. The trade was a 4.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Sweetnam sold 1,014 shares of the company’s stock in a transaction 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 transaction, the senior vice president directly owned 35,546 shares in the company, valued at approximately $3,604,008.94. This trade represents a 2.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 34,344 shares of company stock worth $3,635,567. Company insiders own 0.67% of the company’s stock.

Institutional Trading of eBay

Several hedge funds and other institutional investors have recently made changes to their positions in EBAY. Rakuten Investment Management Inc. purchased a new position in eBay in the second quarter valued at about $7,929,000. Lombard Odier Asset Management Europe Ltd acquired a new stake in eBay in the 2nd quarter valued at about $23,393,000. Marvin & Palmer Associates Inc. purchased a new position in shares of eBay during the 2nd quarter worth approximately $3,989,000. Empowered Funds LLC purchased a new position in eBay during the second quarter worth $16,967,000. Finally, Glenview Trust Co acquired a new stake in shares of eBay during the second quarter valued at $1,544,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Company Profile

eBay Inc operates a global online marketplace that connects buyers and sellers. Through its platform, individuals, small businesses and larger retailers can list and purchase new, used and refurbished merchandise across categories such as electronics, apparel, collectibles, automotive parts and accessories, home goods and industrial products. Transactions may take place through auctions or fixed-price listings, with payments, shipping and other seller and buyer services supporting the marketplace experience.

Founded in 1995 as AuctionWeb by Pierre Omidyar, eBay has grown from an online auction site into a broad e-commerce platform.