Fintel reports that on November 5, 2024, Bernstein upgraded their outlook for eBay (NasdaqGS:EBAY) from Market Perform to Outperform.
Analyst Price Forecast Suggests 2.12% Downside
As of October 22, 2024, the average one-year price target for eBay is $60.22/share. The forecasts range from a low of $45.45 to a high of $73.50. The average price target represents a decrease of 2.12% from its latest reported closing price of $61.53 / share.
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The projected annual revenue for eBay is 10,243MM, a decrease of 0.22%. The projected annual non-GAAP EPS is 4.85.
What is the Fund Sentiment?
There are 1,890 funds or institutions reporting positions in eBay. This is an decrease of 2 owner(s) or 0.11% in the last quarter. Average portfolio weight of all funds dedicated to EBAY is 0.30%, an increase of 2.41%. Total shares owned by institutions decreased in the last three months by 0.05% to 531,242K shares. 
The put/call ratio of EBAY is 0.90, indicating a bullish outlook.
What are Other Shareholders Doing?
Ameriprise Financial holds 25,964K shares representing 5.42% ownership of the company. In its prior filing, the firm reported owning 22,084K shares , representing an increase of 14.95%. The firm decreased its portfolio allocation in EBAY by 78.71% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 16,027K shares representing 3.35% ownership of the company. In its prior filing, the firm reported owning 16,339K shares , representing a decrease of 1.95%. The firm decreased its portfolio allocation in EBAY by 2.91% over the last quarter.
Geode Capital Management holds 13,051K shares representing 2.72% ownership of the company. In its prior filing, the firm reported owning 14,022K shares , representing a decrease of 7.44%. The firm decreased its portfolio allocation in EBAY by 10.04% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 12,987K shares representing 2.71% ownership of the company. In its prior filing, the firm reported owning 13,079K shares , representing a decrease of 0.71%. The firm decreased its portfolio allocation in EBAY by 4.33% over the last quarter.
VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 10,839K shares representing 2.26% ownership of the company. In its prior filing, the firm reported owning 11,276K shares , representing a decrease of 4.03%. The firm increased its portfolio allocation in EBAY by 1.00% over the last quarter.
EBay Background Information
(This description is provided by the company.)
eBay Inc. is an American multinational e-commerce company based in San Jose, California, that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay was founded by Pierre Omidyar in 1995, and became a notable success story of the dot-com bubble.
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