eBay (NASDAQ:EBAY) Reaches New 12-Month High After Earnings Beat

Key Points

• eBay beat quarterly expectations: Earnings per share came in at $1.51 versus the $1.41 consensus, while revenue reached $3.21 billion, up 13.7% year over year and above estimates.
• Shares reached a new 52-week high of $124.70 following the results. Marketplace gross merchandise volume increased 15% to $23.2 billion, supported by growth in collectibles and live shopping.
• Shareholder returns and analyst support continued: eBay declared a quarterly dividend of $0.31 per share and returned $827 million through buybacks and dividends, while several analysts raised price targets despite the overall consensus rating remaining “Hold.”

eBay Inc. (NASDAQ:EBAY - Get Free Report) hit a new 52-week high during trading on Thursday following a better than expected earnings announcement. The company traded as high as $124.70 and last traded at $118.9720, with a volume of 47,468 shares. The stock had previously closed at $118.02.

The e-commerce company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.41 by $0.10. eBay had a return on equity of 47.88% and a net margin of 18.50%. The business had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.12 billion. During the same quarter last year, the firm posted $1.36 earnings per share. The company's revenue for the quarter was up 13.7% on a year-over-year basis.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, December 4th. eBay's dividend payout ratio (DPR) is 25.67%.

Key Headlines Impacting eBay

Here are the key news stories impacting eBay this week:

• Positive Sentiment: Strong Q3 performance: eBay reported adjusted earnings of $1.51 per share versus the $1.41 consensus estimate, while revenue reached $3.21 billion, ahead of expectations for $3.12 billion. Revenue increased 13.7% year over year. eBay third-quarter earnings report
• Positive Sentiment: Marketplace growth remained broad-based: Gross merchandise volume rose 15% to $23.2 billion, with collectibles and live shopping identified as key growth drivers. Management also projected continued double-digit merchandise-volume growth, reinforcing the company’s improving operating momentum. eBay Q3 2026 results
• Positive Sentiment: Analyst price targets moved higher: Rosenblatt Securities raised its target from $132 to $137 and maintained a Buy rating. Citi analyst Ronald Josey reaffirmed a Buy rating and a $130 target, citing broad-based outperformance. Citi analyst rating on eBay
• Positive Sentiment: Shareholder returns continued: eBay returned $827 million to shareholders during the quarter, including $689 million in share repurchases and $138 million in dividends. The company also declared a quarterly dividend of $0.31 per share.
• Neutral Sentiment: Mixed analyst signals: Wells Fargo upgraded eBay from Underweight to Equal Weight but set a $106 price target, below the current trading level. UBS separately raised its target to $131 while retaining a Neutral rating.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on EBAY shares. Robert W. Baird set a $135.00 price objective on shares of eBay in a research report on Thursday. Benchmark lifted their price target on shares of eBay from $115.00 to $134.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Truist Financial upped their price target on shares of eBay from $105.00 to $115.00 and gave the stock a "hold" rating in a research report on Thursday, August 6th. Weiss Ratings cut shares of eBay from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Wednesday. Finally, Sanford C. Bernstein restated a "market perform" rating and set a $115.00 price objective on shares of eBay in a research report on Monday, August 3rd. Fifteen research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $119.42.

Insider Activity

In related news, SVP Jordan Sweetnam sold 1,014 shares of the 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 transaction, the senior vice president directly owned 35,546 shares of the company's stock, valued at approximately $3,604,008.94. This represents a 2.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of eBay stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $108.55, for a total value of $1,205,990.50. Following the completion of the sale, the chief executive officer directly owned 253,211 shares in the company, valued at approximately $27,486,054.05. The trade was a 4.20% decrease in their position. 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 a total of 34,344 shares of company stock valued at $3,635,567 in the last three months. Insiders own 0.67% of the company's stock.

Hedge Funds Weigh In On eBay

Institutional investors have recently bought and sold shares of the business. Columbus Macro LLC raised its stake in eBay by 2.5% during the third 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 during the period. Conning Inc. increased its position in shares of eBay by 5.3% during the third quarter. Conning Inc. now owns 2,083 shares of the e-commerce company's stock worth $221,000 after acquiring an additional 104 shares during the period. MGO One Seven LLC grew its position in shares of eBay by 1.3% during the third quarter. MGO One Seven LLC now owns 8,532 shares of the e-commerce company's stock worth $905,000 after buying an additional 109 shares in the last quarter. Spire Wealth Management increased its holdings in eBay by 29.7% in the second quarter. Spire Wealth Management now owns 489 shares of the e-commerce company's stock valued at $55,000 after buying an additional 112 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its holdings in shares of eBay by 4.6% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 2,818 shares of the e-commerce company's stock valued at $312,000 after acquiring an additional 125 shares during the last quarter. Institutional investors own 87.48% of the company's stock.

eBay Stock Performance

The firm has a 50 day moving average of $110.11 and a two-hundred day moving average of $103.57. 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 stock has a market cap of $53.60 billion, a PE ratio of 25.27, a PEG ratio of 3.04 and a beta of 1.33.

About eBay

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.

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