eBay Target of Unusually Large Options Trading (EBAY)
Shares of eBay (NASDAQ:EBAY) saw some unusual options trading on Wednesday. Investors bought 10,460 put options on the company, American Banking & Market News reports. This is an increase of 152% compared to the typical volume of 4,158 put options.
In other eBay news, SVP Michael Jacobson sold 30,416 shares of eBay stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $51.15, for a total transaction of $1,555,778.40. Following the transaction, the senior vice president now directly owns 488,891 shares in the company. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on EBAY shares. 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 assigned a buy rating to the company. eBay currently has an average rating of “Buy” and a consensus price target 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 has a 50-day moving average of $52.17 and a 200-day moving average of $53.35. The company has a market cap of $70.267 billion and a P/E ratio of 26.35.
eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, July 17th. The company reported $0.63 earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. 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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