Trustmark National Bank Trust Department Purchases Shares of 20,076 eBay Inc. (NASDAQ:EBAY)

Trustmark National Bank Trust Department bought a new stake in eBay Inc. (NASDAQ:EBAY) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 20,076 shares of the e-commerce company’s stock, valued at approximately $1,307,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ameriprise Financial Inc. raised its stake in shares of eBay by 17.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock valued at $1,394,797,000 after purchasing an additional 3,880,649 shares in the last quarter. Mirova US LLC grew its position in shares of eBay by 2.1% in the 2nd quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock worth $492,657,000 after acquiring an additional 189,505 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of eBay by 12.5% in the 2nd quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock valued at $404,879,000 after acquiring an additional 838,969 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of eBay by 8.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock valued at $361,159,000 after acquiring an additional 530,941 shares in the last quarter. Finally, LSV Asset Management lifted its stake in eBay by 22.2% during the second quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company’s stock worth $360,211,000 after purchasing an additional 1,216,885 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Activity

In other news, SVP Cornelius Boone sold 3,974 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the transaction, the senior vice president now directly owns 70,113 shares of the company’s stock, valued at $4,530,000.93. The trade was a 5.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the sale, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This represents a 26.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,016 shares of company stock worth $3,015,417. Corporate insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Barclays reduced their price objective on eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Mizuho increased their price objective on shares of eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Sanford C. Bernstein upgraded shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price objective on the stock in a research report on Tuesday, November 5th. Daiwa America upgraded shares of eBay to a “hold” rating in a research note on Wednesday, August 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $72.00 price target on shares of eBay in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $62.87.

eBay Trading Up 1.1 %

EBAY stock opened at $61.51 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a market cap of $29.46 billion, a P/E ratio of 15.45, a P/E/G ratio of 1.59 and a beta of 1.34. eBay Inc. has a 1-year low of $40.16 and a 1-year high of $67.80. The business’s 50 day moving average is $63.56 and its 200-day moving average is $57.77.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.76%. eBay’s payout ratio is presently 27.14%.

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.