Trustmark National Bank Trust Department Makes New Investment in eBay Inc. (NASDAQ:EBAY)

Trustmark National Bank Trust Department acquired a new stake in eBay Inc. (NASDAQ:EBAY - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 20,076 shares of the e-commerce company's stock, valued at approximately $1,307,000.

Other hedge funds have also recently bought and sold shares of the company. Private Advisor Group LLC boosted its position in shares of eBay by 90.7% in the third quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company's stock valued at $2,963,000 after acquiring an additional 21,636 shares during the period. Cetera Investment Advisers grew its position in shares of eBay by 325.4% in the 1st quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company's stock valued at $4,178,000 after purchasing an additional 60,544 shares during the period. PGGM Investments grew its stake in shares of eBay by 88.0% during the 2nd quarter. PGGM Investments now owns 61,115 shares of the e-commerce company's stock worth $3,283,000 after acquiring an additional 28,604 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of eBay by 234.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 182,534 shares of the e-commerce company's stock valued at $9,806,000 after purchasing an additional 127,991 shares during the period. Finally, Prospera Financial Services Inc increased its stake in shares of eBay by 794.2% during the third quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company's stock worth $4,598,000 after purchasing an additional 62,719 shares during the period. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Stock Up 3.0 %

eBay stock traded up $1.83 during mid-day trading on Friday, reaching $63.24. The company's stock had a trading volume of 3,048,107 shares, compared to its average volume of 5,377,524. The business's 50 day simple moving average is $63.55 and its 200 day simple moving average is $57.86. eBay Inc. has a 12 month low of $40.16 and a 12 month high of $67.80. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $30.29 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 1.59 and a beta of 1.34.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Friday, November 29th. eBay's dividend payout ratio (DPR) is presently 27.14%.

Insider Buying and Selling

In related news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at $4,494,918.12. The trade was a 26.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Cornelius Boone sold 3,974 shares of the firm's 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 completion of the sale, the senior vice president now 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 disclosure for this sale can be found here. Insiders have sold 47,016 shares of company stock valued at $3,015,417 in the last ninety days. 0.38% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Bank of America cut their target price on shares of eBay from $67.00 to $64.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st. Mizuho upped their target price on eBay from $55.00 to $60.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. The Goldman Sachs Group lifted their price objective on eBay from $46.00 to $55.00 and gave the stock a "sell" rating in a research report on Tuesday, October 15th. Benchmark restated a "buy" rating and issued a $65.00 price objective on shares of eBay in a report on Tuesday, October 29th. Finally, Citigroup lifted their target price on shares of eBay from $65.00 to $68.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. One equities research 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, eBay has an average rating of "Hold" and a consensus target price of $62.87.

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.