Baird Financial Group Inc. Lowers Holdings in eBay Inc. $EBAY

Key Points

• Baird Financial Group Inc. reduced its holdings in eBay Inc. by 11.1%, selling 6,673 shares in the first quarter, leaving it with a total of 53,641 shares valued at approximately $3.63 million.
• The company's quarterly revenue increased by 6.1% year-over-year, totaling $2.73 billion, and it reported an EPS of $1.37, surpassing estimates by $0.07.
• eBay declared a quarterly dividend of $0.29 per share, offering a dividend yield of 1.3%, with the payment scheduled for September 12th to shareholders of record on August 29th.

Baird Financial Group Inc. reduced its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 11.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 53,641 shares of the e-commerce company's stock after selling 6,673 shares during the period. Baird Financial Group Inc.'s holdings in eBay were worth $3,633,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC lifted its stake in eBay by 0.6% during the first quarter. Kovitz Investment Group Partners LLC now owns 23,039 shares of the e-commerce company's stock worth $1,560,000 after purchasing an additional 143 shares during the last quarter. Rosenberg Matthew Hamilton grew its stake in shares of eBay by 36.5% during the first quarter. Rosenberg Matthew Hamilton now owns 598 shares of the e-commerce company's stock valued at $41,000 after buying an additional 160 shares during the last quarter. Capital Investment Advisory Services LLC grew its stake in shares of eBay by 4.0% during the first quarter. Capital Investment Advisory Services LLC now owns 4,201 shares of the e-commerce company's stock valued at $285,000 after buying an additional 160 shares during the last quarter. Journey Strategic Wealth LLC grew its stake in shares of eBay by 4.4% during the first quarter. Journey Strategic Wealth LLC now owns 3,921 shares of the e-commerce company's stock valued at $266,000 after buying an additional 166 shares during the last quarter. Finally, Hohimer Wealth Management LLC grew its position in eBay by 0.3% during the 1st quarter. Hohimer Wealth Management LLC now owns 59,414 shares of the e-commerce company's stock worth $4,024,000 after acquiring an additional 167 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EBAY. Cfra Research upgraded eBay to a "moderate buy" rating in a research report on Thursday, June 5th. Bank of America upped their price target on shares of eBay from $89.00 to $101.00 and gave the company a "neutral" rating in a report on Monday, August 25th. JPMorgan Chase & Co. raised their price target on shares of eBay from $66.00 to $68.00 and gave the stock a "neutral" rating in a report on Friday, July 11th. Susquehanna boosted their price objective on shares of eBay from $70.00 to $95.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. Finally, Argus reaffirmed a "hold" rating on shares of eBay in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, eBay presently has a consensus rating of "Hold" and a consensus price target of $78.89.

Insider Activity

In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of the company's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $77.38, for a total value of $1,825,935.86. Following the sale, the senior vice president owned 44,413 shares in the company, valued at approximately $3,436,677.94. This represents a 34.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jamie Iannone sold 12,644 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $76.02, for a total transaction of $961,196.88. Following the completion of the sale, the chief executive officer owned 317,625 shares in the company, valued at approximately $24,145,852.50. This trade represents a 3.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 174,801 shares of company stock worth $14,763,913 in the last quarter. 0.64% of the stock is owned by company insiders.

eBay Trading Up 0.4%

EBAY stock traded up $0.36 during trading on Monday, reaching $93.02. The company had a trading volume of 6,846,610 shares, compared to its average volume of 5,671,355. eBay Inc. has a 52 week low of $56.33 and a 52 week high of $101.15. The company has a market cap of $42.51 billion, a P/E ratio of 20.49, a PEG ratio of 2.24 and a beta of 1.32. The business has a 50 day moving average of $87.38 and a 200 day moving average of $75.77. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00.

eBay (NASDAQ:EBAY - Get Free Report) last released its earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.30 by $0.07. The company had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.64 billion. eBay had a return on equity of 38.97% and a net margin of 20.86%.The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.18 EPS. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. As a group, sell-side analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, August 29th. eBay's dividend payout ratio (DPR) is presently 25.55%.

eBay Company Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.