Redwood Investment Management LLC Sells 8,715 Shares of eBay Inc. $EBAY

Redwood Investment Management LLC decreased its position in eBay Inc. (NASDAQ:EBAY) by 30.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,750 shares of the e-commerce company’s stock after selling 8,715 shares during the period. Redwood Investment Management LLC’s holdings in eBay were worth $1,338,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its stake in eBay by 12.4% in the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company’s stock worth $1,765,148,000 after purchasing an additional 3,149,934 shares in the last quarter. Independent Franchise Partners LLP raised its position in eBay by 4.6% in the 1st quarter. Independent Franchise Partners LLP now owns 11,689,267 shares of the e-commerce company’s stock worth $791,714,000 after buying an additional 510,629 shares during the last quarter. Invesco Ltd. raised its position in eBay by 8.0% in the 1st quarter. Invesco Ltd. now owns 8,441,396 shares of the e-commerce company’s stock worth $571,736,000 after buying an additional 627,823 shares during the last quarter. Northern Trust Corp raised its position in eBay by 4.4% in the 1st quarter. Northern Trust Corp now owns 7,109,481 shares of the e-commerce company’s stock worth $481,525,000 after buying an additional 300,216 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in eBay by 7.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,834,195 shares of the e-commerce company’s stock worth $361,428,000 after buying an additional 386,568 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on EBAY shares. Daiwa Capital Markets raised eBay from a “neutral” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Monday, May 12th. Daiwa America raised eBay from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 12th. Wall Street Zen lowered eBay from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Piper Sandler boosted their target price on eBay from $74.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Finally, Wedbush reissued a “neutral” rating and issued a $72.00 target price on shares of eBay in a research report on Wednesday, June 11th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $78.89.

Insider Activity

In related news, SVP Cornelius Boone sold 2,985 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $78.67, for a total value of $234,829.95. Following the completion of the sale, the senior vice president directly owned 92,053 shares of the company’s stock, valued at approximately $7,241,809.51. This represents a 3.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jamie Iannone sold 10,974 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $75.75, for a total transaction of $831,280.50. Following the completion of the sale, the chief executive officer directly owned 306,651 shares of the company’s stock, valued at $23,228,813.25. This represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 183,209 shares of company stock valued at $15,331,663. 0.64% of the stock is owned by insiders.

eBay Price Performance

NASDAQ EBAY opened at $94.64 on Wednesday. The company has a 50-day moving average price of $84.46 and a 200-day moving average price of $74.31. The firm has a market capitalization of $43.25 billion, a P/E ratio of 20.85, a PEG ratio of 2.38 and a beta of 1.27. eBay Inc. has a 52 week low of $56.33 and a 52 week high of $101.15. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.05.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.07. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.64 billion. eBay had a net margin of 20.86% and a return on equity of 38.97%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.18 EPS. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. Equities research analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 29th. eBay’s dividend payout ratio is currently 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.