First Hawaiian Bank Increases Stock Holdings in eBay Inc. $EBAY

Key Points

• First Hawaiian Bank significantly raised its stake in eBay Inc. by 132.7% in Q1, bringing their total holdings to $1,462,000 with 21,579 shares.
• Analysts have mixed ratings on eBay, with one analyst giving a Strong Buy, ten a Buy, and an average price target of $78.89.
• CEO Jamie Iannone sold 12,644 shares worth approximately $961,197, marking a decrease in his ownership by 3.83% amidst a larger trend of insider selling.

First Hawaiian Bank raised its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 132.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund 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 reporting period.

A number of other large investors have also modified their holdings of EBAY. Wealth Preservation Advisors LLC purchased a new position in shares of eBay in the 1st quarter valued at approximately $26,000. Orion Capital Management LLC purchased a new position in shares of eBay in the fourth quarter worth $27,000. Abound Financial LLC acquired a new position in shares of eBay in the 1st quarter valued at $29,000. Pinney & Scofield Inc. purchased a new position in eBay in the 4th quarter worth $31,000. Finally, Sierra Ocean LLC lifted its position in eBay by 84.9% during the 1st quarter. Sierra Ocean LLC now owns 538 shares of the e-commerce company's stock worth $36,000 after acquiring an additional 247 shares during the period. Hedge funds and other institutional investors own 87.48% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on EBAY shares. Cfra Research upgraded eBay to a "moderate buy" rating in a research report on Thursday, June 5th. Cantor Fitzgerald boosted their target price on shares of eBay from $69.00 to $85.00 and gave the company a "neutral" rating in a research report on Thursday, July 31st. Wall Street Zen lowered eBay from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Cowen reissued a "hold" rating on shares of eBay in a report on Tuesday, July 22nd. Finally, Wells Fargo & Company upped their target price on eBay from $66.00 to $84.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $78.89.

Insider Buying and Selling at eBay

In other news, CEO Jamie Iannone sold 12,644 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $76.02, for a total value of $961,196.88. Following the transaction, the chief executive officer owned 317,625 shares in the company, valued at $24,145,852.50. This trade represents a 3.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Julie A. Loeger sold 75,952 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $93.25, for a total value of $7,082,524.00. Following the sale, the senior vice president owned 53,107 shares of the company's stock, valued at $4,952,227.75. The trade was a 58.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 174,801 shares of company stock valued at $14,763,913 over the last quarter. 0.64% of the stock is currently owned by insiders.

eBay Trading Down 1.8%

Shares of NASDAQ:EBAY opened at $90.80 on Friday. The business's 50 day moving average price is $88.63 and its 200-day moving average price is $76.34. eBay Inc. has a 1 year low of $56.33 and a 1 year high of $101.15. The firm has a market capitalization of $41.50 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 2.24 and a beta of 1.32. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00.

eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share for the quarter, topping analysts' consensus estimates of $1.30 by $0.07. eBay had a net margin of 20.86% and a return on equity of 38.97%. The company had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.64 billion. During the same period in the prior year, the business posted $1.18 earnings per share. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. On average, equities research analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, August 29th. eBay's payout ratio is 25.55%.

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.

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