Intel stock extends gains after report of possible U.S. government stake
Edward O. Garcia, the Senior Vice President and Chief Product Officer at eBay Inc. (NASDAQ:EBAY), has sold 18,380 shares of the company’s common stock. The shares were sold at an average price of $65.23, totaling approximately $1.2 million. The transaction comes as eBay, currently valued at $31 billion, maintains strong financial health with impressive gross profit margins of 72% and a solid return on equity of 34%. According to InvestingPro analysis, the company has been actively managing shareholder returns through aggressive share buybacks. This transaction was conducted on March 18, 2025, as part of a pre-established Rule 10b5-1 trading plan adopted by Garcia in December 2024.
Following the sale, Garcia retains ownership of 57,065 shares of eBay stock. The sale was executed under a trading plan that allows insiders to set up a predetermined schedule for selling shares, which can help avoid potential conflicts of interest by executing trades regardless of any material non-public information.
In other recent news, eBay’s fourth-quarter earnings report surpassed expectations, with earnings per share (EPS) reaching $1.25, a 16% increase year-over-year. However, revenue for the quarter was $2,579 million, slightly below consensus estimates by $3 million. Analysts from CFRA and Benchmark have maintained their Buy ratings on eBay, with price targets of $76 and $75, respectively, citing the company’s strong performance in key areas and potential growth from new initiatives. Susquehanna raised its price target for eBay to $65, while maintaining a Neutral rating, acknowledging the company’s strategic shifts but noting that benefits may take time to materialize.
Evercore ISI also adjusted its price target to $63, maintaining an In Line rating and highlighting the company’s modest earnings beat and future growth expectations. Stifel kept a Hold rating with a $63 target, pointing to global economic challenges and eBay’s strategic adaptations. eBay’s recent developments include a focus on artificial intelligence to improve consumer tools and backend processes, as well as efforts to enhance buyer and seller experiences. The company has also introduced initiatives like buyer protection fees in the U.K. and expanded managed shipping services, aiming for future growth in gross merchandise volume and revenue.
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