Baird Financial Group Inc. Has $962,000 Stake in eBay Inc. $EBAY

Baird Financial Group Inc. significantly reduced its stake in eBay Inc. by 69.5% in the second quarter, now holding 8,612 shares valued at approximately $962,000. Despite this reduction, institutional investors collectively own 87.48% of eBay's stock, and analysts maintain a generally constructive "Hold" rating with an average target price of $117.24. The e-commerce company recently reported stronger-than-expected quarterly earnings and revenue, alongside a consistent quarterly dividend of $0.31