Daymark Wealth Partners LLC Has $227,000 Holdings in eBay Inc. (NASDAQ:EBAY)

Daymark Wealth Partners LLC lessened its holdings in eBay Inc. (NASDAQ:EBAY) by 10.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,668 shares of the e-commerce company’s stock after selling 423 shares during the quarter. Daymark Wealth Partners LLC’s holdings in eBay were worth $227,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Quarry LP acquired a new position in shares of eBay during the 3rd quarter worth about $36,000. USA Financial Formulas acquired a new position in eBay during the third quarter valued at approximately $38,000. Northwest Investment Counselors LLC bought a new position in eBay in the third quarter valued at approximately $50,000. Versant Capital Management Inc increased its position in shares of eBay by 115.5% during the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after purchasing an additional 448 shares during the last quarter. Finally, Financial Management Professionals Inc. boosted its holdings in shares of eBay by 276.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock valued at $55,000 after buying an additional 621 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.

Insider Activity at eBay

In other eBay news, CFO Stephen J. Priest sold 5,252 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $63.63, for a total value of $334,184.76. Following the sale, the chief financial officer now owns 65,080 shares in the company, valued at $4,141,040.40. This trade represents a 7.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total transaction of $355,556.25. Following the transaction, the chief executive officer now owns 531,167 shares of the company’s stock, valued at $33,575,066.07. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,149 shares of company stock valued at $1,704,778 over the last ninety days. 0.38% of the stock is owned by corporate insiders.

eBay Stock Performance

Shares of NASDAQ:EBAY opened at $64.81 on Friday. The company’s 50 day simple moving average is $63.86 and its 200 day simple moving average is $61.31. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. eBay Inc. has a 1 year low of $40.74 and a 1 year high of $71.52. The stock has a market capitalization of $31.04 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 2.02 and a beta of 1.35.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.67%. eBay’s dividend payout ratio is currently 27.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. JMP Securities restated a “market perform” rating on shares of eBay in a report on Monday, December 16th. Morgan Stanley raised their target price on shares of eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Benchmark reissued a “buy” rating and set a $65.00 price target on shares of eBay in a research report on Tuesday, October 29th. Mizuho raised their price objective on eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company decreased their target price on eBay from $62.00 to $59.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, eBay currently has a consensus rating of “Hold” and a consensus target price of $62.83.

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.