Resonant Capital Advisors LLC Buys 1,571 Shares of eBay Inc. (NASDAQ:EBAY)

Resonant Capital Advisors LLC raised its stake in shares of eBay Inc. (NASDAQ:EBAY) by 3.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 51,037 shares of the e-commerce company’s stock after acquiring an additional 1,571 shares during the quarter. Resonant Capital Advisors LLC’s holdings in eBay were worth $3,323,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EBAY. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of eBay by 0.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock valued at $3,418,000 after buying an additional 153 shares during the last quarter. Davis Investment Partners LLC raised its holdings in shares of eBay by 0.8% in the third quarter. Davis Investment Partners LLC now owns 23,475 shares of the e-commerce company’s stock valued at $1,531,000 after buying an additional 180 shares during the last quarter. Quent Capital LLC raised its holdings in shares of eBay by 6.8% in the first quarter. Quent Capital LLC now owns 3,173 shares of the e-commerce company’s stock valued at $167,000 after buying an additional 202 shares during the last quarter. Checchi Capital Advisers LLC raised its holdings in shares of eBay by 3.0% in the second quarter. Checchi Capital Advisers LLC now owns 7,547 shares of the e-commerce company’s stock valued at $405,000 after buying an additional 219 shares during the last quarter. Finally, Harrington Investments INC raised its holdings in shares of eBay by 0.6% in the third quarter. Harrington Investments INC now owns 37,385 shares of the e-commerce company’s stock valued at $2,434,000 after buying an additional 232 shares during the last quarter. 87.48% of the stock is owned by institutional investors.

eBay Trading Down 0.6 %

EBAY opened at $64.95 on Friday. The firm’s fifty day moving average is $61.93 and its two-hundred day moving average is $56.03. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $32.60 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 2.59 and a beta of 1.32. eBay Inc. has a twelve month low of $37.17 and a twelve month high of $67.80.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, hitting the consensus estimate of $0.88. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 26.41% and a return on equity of 29.69%. Equities research analysts anticipate that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.66%. eBay’s payout ratio is 21.51%.

Insider Buying and Selling

In related news, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the sale, the chief financial officer now directly owns 65,079 shares in the company, valued at $4,336,213.77. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the sale, the chief financial officer now directly owns 65,079 shares in the company, valued at $4,336,213.77. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $66.56, for a total transaction of $374,400.00. Following the completion of the sale, the chief executive officer now owns 553,666 shares in the company, valued at $36,852,008.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,391 shares of company stock worth $2,678,424 over the last ninety days. Company insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on EBAY. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $62.00 price target on shares of eBay in a report on Monday, October 7th. Piper Sandler reiterated an “overweight” rating and issued a $64.00 price objective (up from $58.00) on shares of eBay in a research report on Thursday, August 1st. Daiwa America upgraded eBay to a “hold” rating in a research report on Wednesday, August 14th. JPMorgan Chase & Co. initiated coverage on eBay in a research report on Tuesday, June 25th. They issued a “neutral” rating and a $60.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on eBay from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $59.10.

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.