First Hawaiian Bank Grows Stock Position in eBay Inc. (NASDAQ:EBAY)

First Hawaiian Bank increased its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 132.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,579 shares of the e-commerce company's stock after buying an additional 12,306 shares during the quarter. First Hawaiian Bank's holdings in eBay were worth $1,462,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in eBay in the 4th quarter valued at about $27,000. Orion Capital Management LLC bought a new position in shares of eBay during the 4th quarter worth $27,000. Pinney & Scofield Inc. bought a new stake in eBay in the 4th quarter valued at about $31,000. Itau Unibanco Holding S.A. bought a new stake in shares of eBay in the fourth quarter valued at approximately $33,000. Finally, New Wave Wealth Advisors LLC purchased a new stake in shares of eBay during the fourth quarter worth $36,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Cornelius Boone sold 3,958 shares of eBay stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the sale, the senior vice president now owns 94,392 shares in the company, valued at approximately $6,329,927.52. The trade was a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Julie A. Loeger sold 127,070 shares of eBay stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $69.43, for a total value of $8,822,470.10. Following the transaction, the senior vice president now directly owns 123,282 shares in the company, valued at approximately $8,559,469.26. This trade represents a 50.76% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 280,650 shares of company stock valued at $19,637,729. 0.64% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EBAY. Benchmark increased their price objective on eBay from $65.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. UBS Group boosted their target price on eBay from $72.00 to $73.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 29th. Needham & Company LLC increased their price target on shares of eBay from $72.00 to $78.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Daiwa Capital Markets upgraded shares of eBay from a "neutral" rating to a "buy" rating and set a $70.00 price objective for the company in a report on Monday, May 12th. Finally, Susquehanna increased their target price on shares of eBay from $65.00 to $70.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $67.65.

eBay Price Performance

Shares of eBay stock traded up $0.89 on Wednesday, hitting $76.84. 3,156,939 shares of the company were exchanged, compared to its average volume of 4,955,805. eBay Inc. has a 1-year low of $51.72 and a 1-year high of $77.31. The stock has a market capitalization of $35.42 billion, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a 50-day moving average price of $68.12 and a 200 day moving average price of $66.43.

eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.04. eBay had a net margin of 19.68% and a return on equity of 30.97%. The business had revenue of $2.59 billion during the quarter, compared to analysts' expectations of $2.55 billion. During the same quarter in the prior year, the company posted $1.25 EPS. The business's revenue for the quarter was up 1.1% on a year-over-year basis. As a group, sell-side analysts predict that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Friday, May 30th. eBay's payout ratio is 27.62%.

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.