FY2024 Earnings Forecast for eBay Issued By Wedbush

eBay Inc. (NASDAQ:EBAY - Free Report) - Research analysts at Wedbush issued their FY2024 earnings estimates for shares of eBay in a research note issued on Monday, December 9th. Wedbush analyst S. Devitt forecasts that the e-commerce company will post earnings per share of $3.84 for the year. Wedbush has a "Neutral" rating and a $70.00 price target on the stock. The consensus estimate for eBay's current full-year earnings is $3.87 per share. Wedbush also issued estimates for eBay's Q4 2024 earnings at $0.95 EPS, Q2 2025 earnings at $1.06 EPS, Q3 2025 earnings at $1.05 EPS, Q4 2025 earnings at $1.08 EPS and FY2025 earnings at $4.31 EPS.

Several other research analysts have also recently issued reports on EBAY. Daiwa America upgraded shares of eBay to a "hold" rating in a report on Wednesday, August 14th. The Goldman Sachs Group upped their price objective on shares of eBay from $46.00 to $55.00 and gave the company a "sell" rating in a research note on Tuesday, October 15th. Morgan Stanley upped their price target on eBay from $65.00 to $71.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. UBS Group cut their price objective on eBay from $72.00 to $66.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st. Finally, Piper Sandler upped their target price on eBay from $64.00 to $67.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, eBay presently has an average rating of "Hold" and a consensus price target of $62.63.

eBay Trading Up 0.6 %

EBAY stock traded up $0.39 during trading on Wednesday, hitting $63.62. 2,438,881 shares of the company traded hands, compared to its average volume of 5,300,130. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The company has a 50-day moving average of $63.54 and a 200-day moving average of $58.91. The firm has a market capitalization of $30.47 billion, a PE ratio of 15.89, a P/E/G ratio of 1.67 and a beta of 1.35. eBay has a 1 year low of $40.16 and a 1 year high of $67.80.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a yield of 1.70%. eBay's dividend payout ratio (DPR) is 27.14%.

Insider Buying and Selling

In related news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the sale, the chief financial officer now owns 70,332 shares of the company's stock, valued at $4,494,918.12. The trade was a 26.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Cornelius Boone sold 3,974 shares of the firm's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the transaction, the senior vice president now directly owns 70,113 shares in the company, valued at $4,530,000.93. The trade was a 5.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,641 shares of company stock worth $3,370,974. 0.38% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EBAY. Ameriprise Financial Inc. boosted its position in shares of eBay by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company's stock worth $1,394,797,000 after purchasing an additional 3,880,649 shares during the period. Mirova US LLC boosted its holdings in eBay by 2.1% in the 2nd quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company's stock worth $492,657,000 after buying an additional 189,505 shares during the period. Victory Capital Management Inc. increased its stake in eBay by 12.5% in the 2nd quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company's stock worth $404,879,000 after buying an additional 838,969 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in eBay by 8.6% during the second quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company's stock valued at $361,159,000 after acquiring an additional 530,941 shares during the period. Finally, LSV Asset Management lifted its position in shares of eBay by 22.2% in the second quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company's stock valued at $360,211,000 after acquiring an additional 1,216,885 shares in the last quarter. 87.48% of the stock is currently owned by 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.