Resonant Capital Advisors LLC Has $2.26 Million Stock Position in eBay Inc. (NASDAQ:EBAY)

Resonant Capital Advisors LLC cut its stake in eBay Inc. (NASDAQ:EBAY) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,839 shares of the e-commerce company’s stock after selling 2,049 shares during the period. Resonant Capital Advisors LLC’s holdings in eBay were worth $2,261,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of EBAY. Cambridge Trust Co. raised its stake in eBay by 135.0% during the fourth quarter. Cambridge Trust Co. now owns 1,175 shares of the e-commerce company’s stock worth $51,000 after acquiring an additional 675 shares in the last quarter. Smead Capital Management Inc. grew its holdings in shares of eBay by 0.7% in the 4th quarter. Smead Capital Management Inc. now owns 3,270,059 shares of the e-commerce company’s stock worth $142,640,000 after purchasing an additional 22,959 shares during the last quarter. Wright Investors Service Inc. acquired a new stake in shares of eBay during the 4th quarter worth about $861,000. HF Advisory Group LLC lifted its holdings in eBay by 14.2% during the 4th quarter. HF Advisory Group LLC now owns 7,650 shares of the e-commerce company’s stock valued at $334,000 after purchasing an additional 949 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in eBay by 0.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 111,025 shares of the e-commerce company’s stock valued at $4,843,000 after purchasing an additional 366 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.

eBay Trading Up 1.0 %

EBAY traded up $0.48 during midday trading on Friday, reaching $50.43. 3,053,736 shares of the company were exchanged, compared to its average volume of 6,465,442. The stock has a market capitalization of $26.12 billion, a P/E ratio of 9.66, a PEG ratio of 2.00 and a beta of 1.33. eBay Inc. has a one year low of $37.17 and a one year high of $52.93. The stock’s 50-day simple moving average is $49.07 and its 200 day simple moving average is $44.20. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.44 and a current ratio of 2.44.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Tuesday, February 27th. The e-commerce company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.04. eBay had a net margin of 27.36% and a return on equity of 29.16%. The business had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same quarter last year, the firm earned $0.87 EPS. eBay’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, analysts forecast that eBay Inc. will post 3.69 earnings per share for the current fiscal year.

eBay Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.14%. This is a boost from eBay’s previous quarterly dividend of $0.25. eBay’s dividend payout ratio is currently 20.69%.

eBay declared that its board has authorized a stock repurchase program on Tuesday, February 27th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the e-commerce company to repurchase up to 8.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EBAY. The Goldman Sachs Group began coverage on shares of eBay in a report on Wednesday, January 10th. They set a “sell” rating and a $38.00 price objective for the company. Barclays lifted their price objective on eBay from $55.00 to $61.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Morgan Stanley upgraded eBay from an “underweight” rating to an “overweight” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft lifted their price target on eBay from $55.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Finally, Wells Fargo & Company increased their price objective on shares of eBay from $45.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $49.21.

Insider Buying and Selling

In other news, SVP Edward O. Garcia sold 1,165 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was 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 of the company’s stock, valued at $1,372,140.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.21% of the stock is currently owned by company insiders.

About eBay

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.