eBay adds a new platform

Article Excerpt

EBAY INC. $46 is a buy for aggressive investors. The company (Nasdaq symbol EBAY; Aggressive Growth Portfolio, Finance sector; Shares outstanding: 549.4 million; Market cap: $25.3 billion; Price to-sales ratio: 2.7; Dividend yield: 1.9%; TSINetwork Rating: Above Average; www.ebay.com) operates e-commerce websites, in over 190 countries, where sellers pay fees to auction items or offer them at fixed prices. The company is now buying TCGplayer; it operates an e-commerce platform that lets users buy and sell collectible trading cards based on popular games such as Pokémon, Yu-Gi-Oh! and Magic: The Gathering. eBay will pay $295 million for this business when it completes the purchase in early 2023. To put that amount in context, it earned $554 million, or $0.99 a share, in the second quarter of 2022. The company will continue to operate TGCplayer as a separate platform, but will likely cross-promote related merchandise from its main auction sites. As well, eBay’s product tracking system and wider geographic reach should draw more users…

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