Investors Purchase Large Volume of Put Options on eBay (EBAY)
Shares of eBay (NASDAQ:EBAY) was the target of unusually large options trading on Monday. Stock investors acquired 21,621 put options on the stock, American Banking and Market News reports. This is an increase of approximately 169% compared to the average volume of 8,030 put options.
In other eBay news, SVP Alan Lee Marks sold 4,000 shares of the stock on the open market in a transaction dated Monday, December 23rd. The stock was sold at an average price of $54.92, for a total transaction of $219,680.00. Following the sale, the senior vice president now directly owns 61,200 shares of the company’s stock, valued at approximately $3,361,104. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on EBAY. Analysts at Morgan Stanley downgraded shares of eBay from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday. They now have a $57.00 price target on the stock, down previously from $58.00. They noted that the move was a valuation call. Separately, analysts at Wedbush raised their price target on shares of eBay from $64.00 to $70.00 in a research note to investors on Tuesday, December 17th. They now have a “top pick” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of eBay in a research note to investors on Tuesday, December 10th. They now have a $54.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the stock. eBay presently has a consensus rating of “Buy” and a consensus target price of $61.54.
Shares of eBay (NASDAQ:EBAY) traded down 2.78% on Monday, hitting $51.78. The stock had a trading volume of 17,917,646 shares. eBay has a 1-year low of $48.06 and a 1-year high of $58.04. The stock’s 50-day moving average is $52.20 and its 200-day moving average is $52.86. The company has a market cap of $67.034 billion and a P/E ratio of 25.36.
eBay Inc is a global technology company that enables commerce through three reportable segments: Marketplaces, Payments, and GSI.
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