Evergreen Capital Management LLC Sells 38,895 Shares of eBay Inc. $EBAY

Key Points

• Evergreen Capital Management cut its eBay stake by 85.2% in the third quarter, selling 38,895 shares and retaining 6,741 shares valued at approximately $715,000.
• eBay reported strong third-quarter results, with revenue up 14% year over year to $3.21 billion and adjusted EPS of $1.51, beating estimates. Management also raised its 2026 adjusted EPS outlook to $6.25–$6.30 and highlighted growth in gross merchandise volume, Depop and eBay Live.
• Investor sentiment remains mixed: several analysts raised price targets, but eBay carries an average “Hold” rating, while higher spending has pressured margins and recent insider transactions consisted of stock sales.

Evergreen Capital Management LLC cut its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 85.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,741 shares of the e-commerce company's stock after selling 38,895 shares during the period. Evergreen Capital Management LLC's holdings in eBay were worth $715,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of eBay during the 2nd quarter worth approximately $4,406,897,000. Dimensional Fund Advisors LP boosted its holdings in shares of eBay by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,901,415 shares of the e-commerce company's stock valued at $446,042,000 after buying an additional 80,450 shares during the last quarter. Legal & General Group Plc bought a new position in shares of eBay in the second quarter valued at $506,653,000. Amundi grew its stake in shares of eBay by 26.4% in the second quarter. Amundi now owns 4,014,323 shares of the e-commerce company's stock valued at $448,601,000 after buying an additional 838,057 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of eBay by 0.8% in the first quarter. Bank of America Corp DE now owns 3,722,253 shares of the e-commerce company's stock valued at $338,799,000 after buying an additional 30,761 shares in the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay News Roundup

Here are the key news stories impacting eBay this week:

• Positive Sentiment: Q3 beat and stronger growth: eBay reported revenue of $3.21 billion, up 14% year over year, and non-GAAP earnings of $1.51 per share, exceeding analyst expectations. Gross merchandise volume rose 15% to $23.2 billion, supported by broad marketplace demand, collectibles, advertising and live-shopping initiatives. eBay Inc. Reports Third Quarter 2026 Results
• Positive Sentiment: Raised outlook: Management projected fourth-quarter adjusted earnings of $1.48 to $1.53 per share and lifted its 2026 adjusted EPS outlook to $6.25-$6.30. The company also returned $827 million to shareholders during the quarter, including $689 million in buybacks and $138 million in dividends. eBay Stock Nears 52-Week High on 2027 Growth Outlook
• Positive Sentiment: Depop and eBay Live gaining traction: Depop’s U.S. merchandise volume more than doubled year over year, while fashion sales across eBay and Depop reached $9 billion over the past year. Analysts also highlighted durable growth across multiple initiatives. Gen Z’s obsession with secondhand clothes is paying off for eBay
• Positive Sentiment: Analyst targets moved higher: Oppenheimer raised its target to $140 and reaffirmed an Outperform rating; Rosenblatt lifted its target to $137 with a Buy rating; JPMorgan raised its target to $125, although it retained a Neutral rating. Citi also reaffirmed a $130 Buy target. Analysts Raise Forecasts on eBay
• Neutral Sentiment: Mixed valuation signals: Wells Fargo upgraded eBay from Underweight to Equal Weight but set a $106 target, below the current trading level, while JPMorgan’s Neutral rating suggests much of the recovery may already be reflected in the stock.
• Negative Sentiment: Margin and insider-sale risks: Higher spending narrowed margins, and reported insider activity showed sales without purchases over the past six months. These factors could limit upside despite the earnings momentum.

eBay Stock Performance

EBAY opened at $121.19 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.10. eBay Inc. has a 12-month low of $78.03 and a 12-month high of $124.59. The business has a 50 day moving average of $110.49 and a 200-day moving average of $103.72. The stock has a market cap of $53.93 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 2.95 and a beta of 1.33.

eBay (NASDAQ:EBAY - Get Free Report) last posted its earnings results on Wednesday, October 28th. The e-commerce company reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.10. eBay had a return on equity of 48.79% and a net margin of 16.84%. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.12 billion. During the same period in the previous year, the firm earned $1.36 EPS. The firm's revenue was up 13.7% compared to the same quarter last year. On average, equities research analysts expect that eBay Inc. will post 4.90 earnings per share for the current year.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, December 4th. eBay's payout ratio is 25.67%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EBAY. Morgan Stanley started coverage on shares of eBay in a report on Thursday. They set an "overweight" rating on the stock. Mizuho set a $120.00 price target on shares of eBay in a research note on Thursday. BMO Capital Markets reiterated an "outperform" rating on shares of eBay in a research note on Thursday. Needham & Company LLC lifted their price objective on shares of eBay from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Cantor Fitzgerald lowered their price objective on shares of eBay from $110.00 to $106.00 and set a "neutral" rating on the stock in a research note on Thursday, August 6th. Fifteen equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, eBay has an average rating of "Hold" and an average target price of $122.45.

Insiders Place Their Bets

In other news, CEO Jamie Iannone sold 11,110 shares of the firm's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $108.55, for a total transaction of $1,205,990.50. Following the completion of the sale, the chief executive officer owned 253,211 shares in the company, valued at approximately $27,486,054.05. This trade represents a 4.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Sweetnam sold 1,014 shares of the firm's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $101.39, for a total transaction of $102,809.46. Following the sale, the senior vice president owned 35,546 shares of the company's stock, valued at approximately $3,604,008.94. This represents a 2.77% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 34,344 shares of company stock valued at $3,635,567. Company insiders own 0.67% of the company's stock.

About eBay

eBay Inc operates a global online marketplace that connects buyers and sellers. Through its platform, individuals, small businesses and larger retailers can list and purchase new, used and refurbished merchandise across categories such as electronics, apparel, collectibles, automotive parts and accessories, home goods and industrial products. Transactions may take place through auctions or fixed-price listings, with payments, shipping and other seller and buyer services supporting the marketplace experience.

Founded in 1995 as AuctionWeb by Pierre Omidyar, eBay has grown from an online auction site into a broad e-commerce platform.

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