Evergreen Capital Management 13F: Cuts EBAY Stake by $4.1M

Evergreen Capital Management cut back its holdings in eBay Inc. EBAY during the third quarter, dropping most of its investment according to a Form 13F filed with the U.S. Securities and Exchange Commission on October 23, 2026.

EBAY eBay Inc.

$121.41 ▲ +40.73% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Evergreen Capital Management's eBay Position

The fund cut its position by an 85.2% margin, selling off 38,895 shares during the period. That left Evergreen Capital Management with 6,741 shares of the online marketplace operator, valued at about $714,884 at the end of the reported span. The move follows prior reductions by the firm in other equities during the same filing cycle.

Other Institutional Activity in eBay

Other large institutional investors made sizeable shifts in their eBay holdings around the same time. Toronto Dominion Bank grew its holdings by 25,317,280 shares, ending with 33,819,859 shares worth about $4.11 billion following a 297.8% increase. Ameriprise Financial, Inc. trimmed its stake by 3,523,220 shares, finishing with 12,080,564 shares valued at about $1.47 billion after a 22.6% decrease. Comprehensive Financial Management, LLC kept its holdings steady at 10,034,000 shares worth about $1.22 billion. Meanwhile, Mirae Asset Securities closed out its position entirely by selling all 50,111 shares.

eBay Inc. Stock Down 1.2%

eBay shares recently traded around $121.44 as of October 24, 2026, matching the stock's closing price of $121.41 on the October 23 filing date. The stock trades about 17.7% above its 200-day moving average of $103.16 and sits near its 52-week high of $124.59.

Recent Earnings

eBay generated $12.01 billion in trailing twelve month revenue with an earnings per share total of $4.75. The company reports a net profit margin of 18.6% and a return on equity of 46.6%. Investors will look toward the upcoming earnings report scheduled for October 28, 2026, for fresh updates on the business.

Dividend

The company pays an annual dividend rate of $1.24 per share, translating to a dividend yield of 1.02% with a payout ratio of 25.3%.

Insider Buying and Selling at eBay Inc.

Company insiders executed several sales over the months leading up to the filing. Officer Rebecca Spencer sold 5,190 shares on August 10, 2026, for a total value of $559,431. Officer Jordan Douglas Bradley Sweetnam sold 1,014 shares at an average price of $101.39 on August 18, 2026, totaling $102,809. Chief Executive Officer James Joseph Iannone sold 22,220 shares on September 9, 2026, valued at $2.29 million, and another 22,220 shares on October 6, 2026, valued at $2.37 million.

Analysts Set New Price Targets

Wall Street research firms updated their views ahead of the filing. On August 20, 2026, Wedbush maintained its Outperform rating while lifting its price target from $135.00 to $137.00. On the same day, Rosenblatt initiated coverage with a Buy rating and a $120.00 price target. StoneX maintained a Buy rating on September 14, 2026, raising its target from $134.00 to $136.00. Morgan Stanley kept an Overweight rating on October 12, 2026, moving its target from $127.00 to $132.00, while Wells Fargo maintained its Underweight rating and adjusted its target from $92.00 to $91.00 on the same day. Overall, the stock carries a consensus hold rating from 27 analysts, with a mean price target of $116.92.

About eBay Inc.

eBay operates online marketplace platforms that connect buyers and sellers across the United States, Europe, and international regions. Its suite of websites and mobile applications allows users to list, buy, and pay for goods across various categories.

Bottom Line

Market participants will watch the upcoming earnings release on October 28, 2026, to gauge how the platform's transaction volumes and margins are holding up after institutional adjustments like Evergreen's recent trim.