eBay (EBAY)

• Market cap: $33.2B
• 1 day: -0.10%
• 5 days: -0.87%
• 1 month: 7.37%
• 3 months: 12.99%
• 6 months: 18.25%
• Year to date: 11.43%
• 1 year: 58.42%
• 5 years: 81.65%
• 10 years: 183.92%
• Sector: Industrials
• Industry: Business Services

About: EBay operates one of the largest e-commerce marketplaces in the world, with $73 billion in 2023 gross merchandise volume rendering the firm a top 10 global e-commerce company. It generates revenue from listing fees, advertising, revenue-sharing arrangements with service providers, and managed payments, with its platform connecting more than 130 million buyers and roughly 20 million sellers across almost 190 global markets at the end of 2023. EBay generates just north of 50% of its GMV in international markets, with a large presence in the UK, Germany, and Australia.

Employees: 12,300

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

42% more first-time investments, than exits

New positions opened: 115 | Existing positions closed: 81

2.46% more ownership

Funds ownership: 89.04% [Q3] → 91.49% (+2.46%) [Q4]

10% more call options, than puts

Call options by funds: $409M | Put options by funds: $372M

1% less funds holding

Funds holding: 1,013 [Q3] → 1,005 (-8) [Q4]

2% less repeat investments, than reductions

Existing positions increased: 357 | Existing positions reduced: 365

4% less capital invested

Capital invested by funds: $28.3B [Q3] → $27.2B (-$1.12B) [Q4]

25% less funds holding in top 10

Funds holding in top 10: 12 [Q3] → 9 (-3) [Q4]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $52 25% downside
• Avg. target: $66 5% downside
• High target: $80 15% upside

4 analyst ratings

• positive: 2 50%
• neutral: 1 25%
• negative: 1 25%

Citigroup Ygal Arounian 42% 1-year accuracy 10 / 24 met price target	15% upside $80	Buy Maintained	14 Feb 2025
Wells Fargo Ken Gawrelski 67% 1-year accuracy 34 / 51 met price target	12% downside $61	Equal-Weight Maintained	3 Feb 2025
Morgan Stanley Nathan Feather 100% 1-year accuracy 3 / 3 met price target	4% upside $72	Overweight Maintained	13 Jan 2025
Jefferies John Colantuoni 88% 1-year accuracy 15 / 17 met price target	25% downside $52	Underperform Downgraded	10 Dec 2024