Stock Traders Buy Large Volume of eBay Put Options (EBAY)
Shares of eBay (NASDAQ:EBAY) saw some unusual options trading on Monday. Investors acquired 23,717 put options on the company, AnalystRatingsNetwork reports. This represents an increase of 126% compared to the typical volume of 10,517 put options.
In other eBay news, SVP Alan Lee Marks sold 6,750 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $52.21, for a total transaction of $352,417.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
EBAY has been the subject of a number of recent research reports. Analysts at Erste Group downgraded shares of eBay from a “buy” rating to a “hold” rating in a research note on Monday, June 2nd. Separately, analysts at SunTrust downgraded shares of eBay from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 7th. They now have a $58.00 price target on the stock, down previously from $62.00. Finally, analysts at TheStreet downgraded shares of eBay from a “buy” rating to a “hold” rating in a research note on Thursday, May 1st. Fourteen equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. eBay has a consensus rating of “Buy” and a consensus target price of $61.48.
Shares of eBay (NASDAQ:EBAY) traded down 0.24% during mid-day trading on Monday, hitting $49.58. The stock had a trading volume of 22,141,032 shares. eBay has a 52 week low of $48.06 and a 52 week high of $59.70. The stock’s 50-day moving average is $51.97 and its 200-day moving average is $53.63. The company’s market cap is $62.835 billion.
eBay (NASDAQ:EBAY) last announced its earnings results on Tuesday, April 29th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.67 by $0.03. The company had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.23 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 13.7% on a year-over-year basis. Analysts expect that eBay will post $2.99 EPS for the current fiscal year.
eBay Inc, is a global technology company. The Company enables commerce through three reportable segments: Marketplaces, Payments, and GSI.
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