NEW YORK (CNN/Money) - eBay is knocking on the door of the exclusive $100 dollar stock club. Will it get in?

Shares of the online auction company traded above the century mark for a brief moment on Friday, hitting $100.02. It marked the first time since March 31, 2000 that the stock has passed the triple digit barrier on a split-adjusted basis. (The company's stock split 2 for 1 in May, 2000).

But eBay (EBAY: Research, Estimates) could not hold on to close above $100. Shares finished at $99.19, up 1.1 percent. The last time eBay closed above $100 was March 30, 2000. Only a handful of companies, including Warren Buffett's Berkshire Hathaway (BRK.A: Research, Estimates), Washington Post (WPO: Research, Estimates) and 3M (MMM: Research, Estimates) have share prices above $100.

It's been an amazing run for eBay, which, unlike most Internet stocks, has held up well during the past three years. This year, Internet stocks have been among the best performing stocks as companies like eBay, Amazon.com and Yahoo! have posted strong gains in revenues and earnings.

However, eBay is the only one of the major Net stocks that is trading higher than it was when the Nasdaq peaked on March 10, 2000. eBay closed that day at a split-adjusted price of $96.62. Shares have surged more than 45 percent this year.

Amazon.com's (AMZN: Research, Estimates) stock is up 75 percent this year but is still trading 50 percent below where it was at the Nasdaq's highest point. And shares of Yahoo! (YHOO: Research, Estimates), up more than 70 percent year-to-date, are nearly 85 percent off their March 10, 2000 price.

To be sure, eBay still has a bit to go before hitting its all time high of $121.88, which it closed at on March 24, 2000. There are growing concerns about the stock's pricey valuation of 68 times 2003 earnings estimates. And the $100 hurdle might be a tough one to clear from a technical and psychological standpoint.

But with earnings expected to increase 79 percent in the second quarter on an 88 percent jump in sales, Steve Weinstein, an analyst at Pacific Crest Securities, said that the fundamentals are strong enough to support a higher stock price. He doesn't own the stock and his firm has no investment banking relationship with eBay.

So a bid on eBay's stock being worth a Benjamin might be a winner soon enough.