Resources Investment Advisors LLC. Takes Position in eBay Inc. (NASDAQ:EBAY)

Resources Investment Advisors LLC. acquired a new stake in eBay Inc. (NASDAQ:EBAY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,503 shares of the e-commerce company’s stock, valued at approximately $246,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sawyer & Company Inc raised its stake in eBay by 515.4% in the 2nd quarter. Sawyer & Company Inc now owns 400 shares of the e-commerce company’s stock valued at $28,000 after acquiring an additional 335 shares during the period. Capital Analysts LLC raised its stake in eBay by 115.3% in the 2nd quarter. Capital Analysts LLC now owns 394 shares of the e-commerce company’s stock valued at $28,000 after acquiring an additional 211 shares during the period. Prestige Wealth Management Group LLC raised its stake in eBay by 387.9% in the 1st quarter. Prestige Wealth Management Group LLC now owns 522 shares of the e-commerce company’s stock valued at $32,000 after acquiring an additional 415 shares during the period. First PREMIER Bank bought a new stake in eBay in the 2nd quarter valued at $35,000. Finally, Bogart Wealth LLC raised its stake in eBay by 192.2% in the 2nd quarter. Bogart Wealth LLC now owns 637 shares of the e-commerce company’s stock valued at $45,000 after acquiring an additional 419 shares during the period. Institutional investors and hedge funds own 90.78% of the company’s stock.

In other news, Director Anthony John Bates sold 19,060 shares of the firm’s stock in a transaction dated Wednesday, August 25th. The stock was sold at an average price of $74.12, for a total transaction of $1,412,727.20. Following the completion of the transaction, the director now directly owns 20,360 shares in the company, valued at $1,509,083.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Brian J. Doerger sold 2,862 shares of the firm’s stock in a transaction dated Monday, August 30th. The stock was sold at an average price of $77.69, for a total value of $222,348.78. The disclosure for this sale can be found here. Insiders have sold 79,460 shares of company stock worth $5,844,236 over the last three months. Insiders own 0.21% of the company’s stock.

NASDAQ:EBAY opened at $71.39 on Wednesday. The stock’s 50-day simple moving average is $71.65 and its 200 day simple moving average is $65.22. The firm has a market capitalization of $46.41 billion, a PE ratio of 3.81, a price-to-earnings-growth ratio of 2.10 and a beta of 1.10. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.64. eBay Inc. has a twelve month low of $45.36 and a twelve month high of $77.83.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, August 11th. The e-commerce company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.16. eBay had a return on equity of 38.34% and a net margin of 115.40%. The business had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same period last year, the firm posted $1.02 earnings per share. On average, analysts anticipate that eBay Inc. will post 3.24 EPS for the current fiscal year.

eBay declared that its Board of Directors has initiated a share buyback program on Wednesday, August 11th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the e-commerce company to purchase up to 6.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 17th. Stockholders of record on Wednesday, September 1st will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Tuesday, August 31st. eBay’s payout ratio is 24.57%.

Several research analysts have weighed in on EBAY shares. Wedbush reiterated a “neutral” rating and set a $63.00 price objective on shares of eBay in a research report on Thursday, August 5th. Robert W. Baird increased their price objective on eBay from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, August 12th. Barclays increased their price objective on eBay from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Thursday, August 12th. Benchmark increased their price objective on eBay from $79.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, August 12th. Finally, The Goldman Sachs Group reiterated a “positive” rating on shares of eBay in a research report on Monday. Twelve equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, eBay has a consensus rating of “Hold” and an average price target of $72.59.

eBay Profile

eBay, Inc operates as a commerce company. The company platforms include online marketplace and its localized counterparts, including off-platform businesses in South Korea, Japan, and Turkey, as well as eBay’s suite of mobile apps. The company technologies and services are designed to give buyers choice and a breadth of relevant inventory and to enable sellers worldwide to organize and offer their inventory for sale, virtually anytime and anywhere.

Further Reading: What is a capital gain?

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.