eBay Sees Unusually Large Options Volume (EBAY)
Shares of eBay (NASDAQ:EBAY) saw some unusual options trading activity on Thursday. Traders bought 19,502 call options on the company, Stock Ratings Network.com reports. This represents an increase of 102% compared to the typical volume of 9,637 call options.
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 issued a buy rating to the stock. eBay has an average rating of “Buy” and an average price target of $62.17.
Shares of eBay (NASDAQ:EBAY) traded down 0.69% on Friday, hitting $53.66. The stock had a trading volume of 2,217,535 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 $52.30 and its 200-day moving average is $53.36. The company has a market cap of $69.465 billion and a price-to-earnings ratio of 26.62.
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 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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