First Hawaiian Bank Reduces Holdings in eBay Inc (EBAY)

First Hawaiian Bank lessened its holdings in shares of eBay Inc (NASDAQ:EBAY) by 34.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,392 shares of the e-commerce company’s stock after selling 18,287 shares during the period. First Hawaiian Bank’s holdings in eBay were worth $1,314,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Magellan Asset Management Ltd boosted its position in eBay by 0.3% during the 3rd quarter. Magellan Asset Management Ltd now owns 23,584,773 shares of the e-commerce company’s stock valued at $778,769,000 after acquiring an additional 71,258 shares in the last quarter. Baupost Group LLC MA bought a new stake in eBay during the 4th quarter valued at approximately $589,470,000. Nordea Investment Management AB boosted its position in eBay by 10.5% during the 4th quarter. Nordea Investment Management AB now owns 19,769,574 shares of the e-commerce company’s stock valued at $554,934,000 after acquiring an additional 1,886,068 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in eBay by 4.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,230,455 shares of the e-commerce company’s stock valued at $436,869,000 after acquiring an additional 611,852 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in eBay by 30,706.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 12,508,428 shares of the e-commerce company’s stock valued at $413,028,000 after acquiring an additional 12,467,825 shares in the last quarter. Institutional investors own 89.97% of the company’s stock.

Several analysts have weighed in on EBAY shares. Goldman Sachs Group cut eBay from a “buy” rating to a “neutral” rating and cut their price objective for the company from $34.00 to $32.00 in a research report on Friday, January 4th. DA Davidson lifted their price objective on eBay to $44.00 and gave the company a “buy” rating in a research report on Monday, March 4th. TheStreet raised eBay from a “c+” rating to a “b-” rating in a research report on Wednesday, January 30th. ValuEngine cut eBay from a “hold” rating to a “sell” rating in a research report on Friday, January 4th. Finally, Aegis reaffirmed a “buy” rating and set a $40.00 price objective (down from $44.00) on shares of eBay in a research report on Wednesday, January 2nd. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $40.32.

EBAY stock traded up $0.25 during midday trading on Friday, hitting $38.36. The company’s stock had a trading volume of 8,153,011 shares, compared to its average volume of 12,513,348. The stock has a market capitalization of $32.08 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 1.79 and a beta of 1.35. eBay Inc has a 12 month low of $26.01 and a 12 month high of $40.86. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.22.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Tuesday, April 23rd. The e-commerce company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.04. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.58 billion. eBay had a return on equity of 29.43% and a net margin of 24.43%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 EPS. On average, research analysts predict that eBay Inc will post 2.15 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Saturday, June 1st will be given a $0.14 dividend. The ex-dividend date is Thursday, May 30th. This represents a $0.56 annualized dividend and a yield of 1.46%. eBay’s dividend payout ratio (DPR) is presently 24.14%.

In other eBay news, CFO Scott F. Schenkel sold 89,707 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $38.50, for a total transaction of $3,453,719.50. Following the completion of the sale, the chief financial officer now directly owns 273,283 shares in the company, valued at approximately $10,521,395.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Brian J. Doerger sold 10,185 shares of the business’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $34.30, for a total transaction of $349,345.50. Following the sale, the vice president now owns 39,544 shares of the company’s stock, valued at $1,356,359.20. The disclosure for this sale can be found here. Corporate insiders own 6.22% of the company’s stock.

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eBay Company Profile

eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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