eBay Inc. $EBAY Shares Sold by Evergreen Capital Management LLC

Key Points

• Evergreen Capital Management LLC reduced its stake in eBay Inc. by 9.0%, selling 10,746 shares to hold a total of 108,047 shares valued at $7,318,000.
• Several institutional investors recently acquired new stakes in eBay, with 87.48% of the company's stock owned by such investors, indicating significant interest.
• eBay's upcoming quarterly dividend is set at $0.29 per share, with a yield of 1.3%, and the company recently reported better-than-expected quarterly earnings.

Evergreen Capital Management LLC decreased its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 9.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 108,047 shares of the e-commerce company's stock after selling 10,746 shares during the period. Evergreen Capital Management LLC's holdings in eBay were worth $7,318,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EBAY. Wealth Preservation Advisors LLC acquired a new stake in eBay in the first quarter valued at $26,000. Orion Capital Management LLC acquired a new stake in eBay in the fourth quarter valued at $27,000. Abound Financial LLC acquired a new stake in eBay in the first quarter valued at $29,000. Pinney & Scofield Inc. acquired a new stake in eBay in the fourth quarter valued at $31,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in eBay in the fourth quarter valued at $33,000. Institutional investors and hedge funds own 87.48% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Cowen reaffirmed a "hold" rating on shares of eBay in a research note on Tuesday, July 22nd. Bank of America increased their price objective on eBay from $89.00 to $101.00 and gave the company a "neutral" rating in a research note on Monday, August 25th. Daiwa America raised eBay from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 12th. Argus reaffirmed a "hold" rating on shares of eBay in a research note on Thursday, August 14th. Finally, Arete raised eBay from a "sell" rating to a "neutral" rating and set a $91.00 price objective on the stock in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $78.89.

eBay Trading Down 2.4%

NASDAQ EBAY traded down $2.19 during trading hours on Monday, hitting $90.61. 7,270,433 shares of the company's stock were exchanged, compared to its average volume of 5,952,301. The business's 50 day moving average is $85.62 and its 200-day moving average is $75.00. eBay Inc. has a 12-month low of $56.33 and a 12-month high of $101.15. The firm has a market capitalization of $41.41 billion, a P/E ratio of 19.96, a price-to-earnings-growth ratio of 2.19 and a beta of 1.32. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.00 and a current 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 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.07. eBay had a return on equity of 38.97% and a net margin of 20.86%.The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the prior year, the business posted $1.18 earnings per share. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. As a group, analysts anticipate that eBay Inc. will post 3.86 EPS 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 issued a dividend of $0.29 per share. The ex-dividend date is Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.3%. eBay's payout ratio is presently 25.55%.

Insider Buying and Selling at eBay

In related news, CEO Jamie Iannone sold 12,644 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $76.02, for a total transaction of $961,196.88. Following the transaction, the chief executive officer directly owned 317,625 shares of the company's stock, valued at approximately $24,145,852.50. The trade was a 3.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Julie A. Loeger sold 75,952 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $93.25, for a total value of $7,082,524.00. Following the transaction, the senior vice president directly owned 53,107 shares in the company, valued at $4,952,227.75. This trade represents a 58.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 183,209 shares of company stock worth $15,331,663. 0.64% of the stock is currently owned by corporate insiders.

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.