Traders Purchase Large Volume of eBay Call Options (EBAY)
Shares of eBay (NASDAQ:EBAY) was the recipient of some unusual options trading activity on Friday. Investors purchased 24,068 call options on the stock, American Banking News reports. This represents an increase of 106% compared to the typical daily volume of 11,704 call options.
EBAY has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of eBay (NASDAQ:EBAY) in a research note to investors on Friday. Separately, 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. Finally, 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.
Nine investment analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $62.17.
Shares of eBay (NASDAQ:EBAY) opened at 54.95 on Monday. 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 $52.72 and its 200-day moving average is $53.36. The company has a market cap of $71.135 billion and a price-to-earnings ratio of 27.07.
eBay (NASDAQ:EBAY) last announced its earnings results 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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