Investors Buy High Volume of Put Options on eBay (EBAY)
eBay (NASDAQ:EBAY) saw some unusual options trading activity on Thursday. Stock traders acquired 10,126 put options on the company, StockRatingsNetwork.com reports. This is an increase of 132% compared to the typical daily volume of 4,365 put options.
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 equities research analysts have rated the stock with a hold rating and thirty-five have issued a buy rating to the stock. eBay presently has a consensus rating of “Buy” and a consensus target price of $62.17.
eBay (NASDAQ:EBAY) traded down 0.45% during mid-day trading on Friday, hitting $53.79. 2,805,369 shares of the company’s stock traded hands. 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 $52.30 and a 200-day moving average of $53.36. The company has a market cap of $69.633 billion and a price-to-earnings ratio of 26.62.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, July 17th. The company reported $0.63 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.56 earnings per share. The company’s quarterly revenue 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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