Daymark Wealth Partners LLC Cuts Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Daymark Wealth Partners LLC reduced its position in eBay Inc. (NASDAQ:EBAY) by 16.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,269 shares of the e-commerce company’s stock after selling 829 shares during the quarter. Daymark Wealth Partners LLC’s holdings in eBay were worth $229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Quent Capital LLC grew its holdings in 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 purchasing an additional 202 shares during the period. Checchi Capital Advisers LLC lifted its holdings in eBay by 3.0% during the second quarter. Checchi Capital Advisers LLC now owns 7,547 shares of the e-commerce company’s stock valued at $405,000 after purchasing an additional 219 shares in the last quarter. Banco Santander S.A. grew its position in shares of eBay by 2.1% in the first quarter. Banco Santander S.A. now owns 11,530 shares of the e-commerce company’s stock valued at $609,000 after purchasing an additional 236 shares during the period. Fidelis Capital Partners LLC grew its position in shares of eBay by 6.9% in the second quarter. Fidelis Capital Partners LLC now owns 3,716 shares of the e-commerce company’s stock valued at $205,000 after purchasing an additional 240 shares during the period. Finally, Tempus Wealth Planning LLC increased its stake in shares of eBay by 3.1% during the first quarter. Tempus Wealth Planning LLC now owns 8,539 shares of the e-commerce company’s stock worth $451,000 after purchasing an additional 254 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EBAY has been the topic of several research analyst reports. Citigroup lifted their price objective on eBay from $64.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $62.00 price target on shares of eBay in a research note on Monday, September 23rd. Wolfe Research started coverage on eBay in a research report on Tuesday, July 16th. They set a “peer perform” rating for the company. Bank of America raised their price objective on eBay from $57.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Finally, Wells Fargo & Company dropped their target price on shares of eBay from $57.00 to $55.00 and set an “equal weight” rating for the company in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $57.29.

eBay Stock Performance

Shares of eBay stock opened at $64.00 on Friday. The firm has a market cap of $32.13 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 2.45 and a beta of 1.32. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $65.44. The business’s fifty day simple moving average is $58.57 and its 200-day simple moving average is $54.54.

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

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given 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 1.69%. eBay’s payout ratio is currently 21.51%.

Insider Activity at eBay

In other eBay news, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the transaction, the senior vice president now directly owns 70,113 shares in the company, valued at $4,530,000.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the sale, the senior vice president now owns 70,113 shares of the company’s stock, valued at $4,530,000.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the completion of the transaction, the chief financial officer now owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.

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.