Stock Traders Buy High Volume of Call Options on eBay (EBAY)
Shares of eBay (NASDAQ:EBAY) saw some unusual options trading activity on Thursday. Traders acquired 43,620 call options on the company, Analyst Ratings Network.com reports. This represents an increase of 252% compared to the typical daily volume of 12,400 call options.
A number of analysts have recently weighed in on EBAY shares. Analysts at Stifel Nicolaus initiated coverage on shares of eBay in a research note on Wednesday, August 13th. They set a “hold” rating and a $57.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of eBay in a research note on Tuesday, August 12th. They now have a $57.00 price target on the stock. Finally, analysts at TheStreet upgraded shares of eBay to a “buy” rating in a research note on Friday, July 18th. Sixteen equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $59.02.
eBay (NASDAQ:EBAY) traded up 4.66% during mid-day trading on Thursday, hitting $55.89. 50,435,660 shares of the company’s stock traded hands. eBay has a one year low of $48.06 and a one year high of $59.70. The stock has a 50-day moving average of $52.31 and a 200-day moving average of $53.17. The company’s market cap is $69.371 billion.
eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, July 16th. The company reported $0.69 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.68 by $0.01. The company had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.38 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis. Analysts expect that eBay will post $2.97 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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