Hancock Whitney Corp Has $621,000 Holdings in eBay Inc. (NASDAQ:EBAY)

Hancock Whitney Corp lessened its holdings in eBay Inc. (NASDAQ:EBAY) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,566 shares of the e-commerce company’s stock after selling 225 shares during the quarter. Hancock Whitney Corp’s holdings in eBay were worth $621,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in EBAY. Van ECK Associates Corp boosted its stake in shares of eBay by 25.0% during the 1st quarter. Van ECK Associates Corp now owns 85,688 shares of the e-commerce company’s stock worth $4,523,000 after buying an additional 17,143 shares during the last quarter. SteelPeak Wealth LLC increased its position in shares of eBay by 42.3% during the 1st quarter. SteelPeak Wealth LLC now owns 57,642 shares of the e-commerce company’s stock worth $3,042,000 after purchasing an additional 17,140 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of eBay by 325.4% during the 1st quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock worth $4,178,000 after purchasing an additional 60,544 shares in the last quarter. PGGM Investments boosted its holdings in shares of eBay by 88.0% in the 2nd quarter. PGGM Investments now owns 61,115 shares of the e-commerce company’s stock valued at $3,283,000 after buying an additional 28,604 shares during the last quarter. Finally, Freestone Capital Holdings LLC grew its stake in shares of eBay by 435.2% in the first quarter. Freestone Capital Holdings LLC now owns 36,431 shares of the e-commerce company’s stock valued at $1,923,000 after buying an additional 29,624 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analyst Upgrades and Downgrades

EBAY has been the topic of several analyst reports. Wolfe Research started coverage on shares of eBay in a research report on Tuesday, July 16th. They set a “peer perform” rating on the stock. Bank of America raised their target price on shares of eBay from $53.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. initiated coverage on eBay in a research report on Tuesday, June 25th. They set a “neutral” rating and a $60.00 price target on the stock. Daiwa America raised eBay to a “hold” rating in a research report on Wednesday, August 14th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $62.00 target price on shares of eBay in a research note on Monday. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, eBay currently has an average rating of “Hold” and an average price target of $56.90.

Insider Activity at eBay

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction 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 sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at $4,494,918.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction that occurred on 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 directly owns 70,113 shares in the company, valued at approximately $4,530,000.93. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Stephen J. Priest sold 25,000 shares of the company’s 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 $4,494,918.12. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.

eBay Stock Performance

NASDAQ EBAY opened at $63.45 on Tuesday. The firm’s 50 day simple moving average is $57.78 and its 200 day simple moving average is $54.19. The firm has a market capitalization of $31.85 billion, a price-to-earnings ratio of 12.64, a P/E/G ratio of 2.35 and a beta of 1.32. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12. eBay Inc. has a 1 year low of $37.17 and a 1 year high of $64.96.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.88. eBay had a return on equity of 29.69% and a net margin of 26.41%. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.53 billion. As a group, research analysts expect that eBay Inc. will post 3.86 earnings per share for the current fiscal 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 given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Friday, August 30th. eBay’s dividend payout ratio is 21.51%.

eBay Company 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.