Resonant Capital Advisors LLC Sells 2,049 Shares of eBay Inc. (NASDAQ:EBAY)

Resonant Capital Advisors LLC reduced its position in eBay Inc. (NASDAQ:EBAY) by 3.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 51,839 shares of the e-commerce company’s stock after selling 2,049 shares during the quarter. Resonant Capital Advisors LLC’s holdings in eBay were worth $2,261,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of eBay by 5.4% during the first quarter. BlackRock Inc. now owns 48,038,931 shares of the e-commerce company’s stock valued at $2,131,487,000 after buying an additional 2,464,766 shares during the last quarter. State Street Corp raised its stake in shares of eBay by 0.5% in the first quarter. State Street Corp now owns 23,068,197 shares of the e-commerce company’s stock worth $1,023,530,000 after purchasing an additional 122,838 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of eBay by 39.8% in the third quarter. Ameriprise Financial Inc. now owns 12,418,131 shares of the e-commerce company’s stock valued at $547,516,000 after purchasing an additional 3,534,030 shares in the last quarter. Geode Capital Management LLC grew its holdings in eBay by 0.6% during the first quarter. Geode Capital Management LLC now owns 11,666,600 shares of the e-commerce company’s stock worth $516,516,000 after buying an additional 74,088 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in eBay by 2.7% during the 3rd quarter. Nordea Investment Management AB now owns 11,167,875 shares of the e-commerce company’s stock valued at $495,407,000 after acquiring an additional 289,071 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

EBAY has been the subject of a number of recent analyst reports. Susquehanna upped their price objective on shares of eBay from $43.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. Mizuho upped their price objective on eBay from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Morgan Stanley upgraded eBay from an “underweight” rating to an “overweight” rating in a research note on Thursday. UBS Group increased their price target on shares of eBay from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Finally, BMO Capital Markets lifted their price objective on shares of eBay from $49.00 to $53.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, eBay currently has a consensus rating of “Hold” and an average target price of $49.21.

Insider Transactions at eBay

In other news, SVP Edward O. Garcia sold 1,165 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $43.03, for a total transaction of $50,129.95. Following the sale, the senior vice president now owns 31,888 shares in the company, valued at approximately $1,372,140.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.21% of the stock is owned by insiders.

eBay Price Performance

NASDAQ EBAY traded up $0.48 during trading hours on Friday, hitting $50.43. The company had a trading volume of 3,053,736 shares, compared to its average volume of 6,465,442. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.44 and a current ratio of 2.44. The firm has a market capitalization of $26.12 billion, a price-to-earnings ratio of 9.66, a PEG ratio of 2.00 and a beta of 1.33. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $52.93. The firm has a 50 day simple moving average of $49.07 and a 200 day simple moving average of $44.20.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Tuesday, February 27th. The e-commerce company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.04. The firm had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.51 billion. eBay had a net margin of 27.36% and a return on equity of 29.16%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.87 earnings per share. Equities research analysts expect that eBay Inc. will post 3.69 earnings per share for the current year.

eBay Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date was Friday, March 8th. This is an increase from eBay’s previous quarterly dividend of $0.25. eBay’s dividend payout ratio (DPR) is 20.69%.

eBay declared that its Board of Directors has approved a stock repurchase plan on Tuesday, February 27th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the e-commerce company to repurchase up to 8.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its shares are undervalued.

eBay 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.