eBay Sees Unusually High Options Volume (EBAY)
Shares of eBay (NASDAQ:EBAY) was the target of unusually large options trading on Wednesday. Stock investors acquired 21,243 call options on the stock, American Banking & Market News reports. This represents an increase of 108% compared to the typical volume of 10,221 call options.
In other eBay news, SVP Michael Jacobson unloaded 30,416 shares of eBay stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $51.15, for a total value of $1,555,778.40. Following the completion of the transaction, the senior vice president now directly owns 488,891 shares of the company’s stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at SunTrust cut their price target on shares of eBay (NASDAQ:EBAY) from $63.00 to $59.00 in a research note to investors on Friday, September 6th. Separately, analysts at Wedbush reiterated an “outperform” rating on shares of eBay (NASDAQ:EBAY) in a research note to investors on Wednesday, September 4th. They now have a $64.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of eBay (NASDAQ:EBAY) in a research note to investors on Friday, August 23rd. They now have a $54.00 price target on the stock.
Nine investment analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the stock. eBay presently has a consensus rating of “Buy” and an average target price of $62.17.
Shares of eBay (NASDAQ:EBAY) traded up 1.48% during mid-day trading on Wednesday, hitting $54.28. The stock had a trading volume of 10,001,832 shares. eBay has a 52-week low of $45.66 and a 52-week high of $58.04. The stock’s 50-day moving average is $52.17 and its 200-day moving average is $53.35. The company has a market cap of $70.267 billion and a P/E ratio of 26.35.
eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, July 17th. The company reported $0.63 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.63. The company had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter last year, the company posted $0.56 earnings per share. eBay’s revenue was up 14.1% compared to the same quarter last year. Analysts expect that eBay will post $2.71 EPS for the current fiscal year.
eBay Inc is a global technology company that enables commerce through three reportable segments: Marketplaces, Payments, and GSI.
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