Stock Traders Buy High Volume of eBay Call Options (EBAY)
eBay (NASDAQ:EBAY) saw unusually large options trading activity on Thursday. Investors purchased 43,666 call options on the stock, Stock Ratings Network.com reports. This represents an increase of 211% compared to the average daily volume of 14,060 call options.
In other eBay news, SVP Alan Lee Marks unloaded 4,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $55.01, for a total value of $220,040.00. Following the transaction, the senior vice president now directly owns 67,200 shares of the company’s stock, valued at approximately $3,696,672. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on EBAY. Analysts at Goldman Sachs Group Inc. reiterated a “conviction buy” rating on shares of eBay (NASDAQ:EBAY) in a research note to investors on Thursday. They now have a $800.00 price target on the stock, up previously from $63.00. Separately, analysts at RBC Capital raised their price target on shares of eBay (NASDAQ:EBAY) from $62.00 to $64.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at Susquehanna reiterated a “positive” rating on shares of eBay (NASDAQ:EBAY) in a research note to investors on Tuesday. Nine investment analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $82.72.
eBay (NASDAQ:EBAY) traded up 4.48% during mid-day trading on Thursday, hitting $56.64. The stock had a trading volume of 13,903,871 shares. eBay has a one year low of $45.66 and a one year high of $58.04. The stock has a 50-day moving average of $52.87 and a 200-day moving average of $53.38. The company has a market cap of $73.322 billion and a price-to-earnings ratio of 26.70.
eBay (NASDAQ:EBAY) last posted its quarterly 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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