eBay Sees Unusually High Options Volume (EBAY)
eBay Inc (NASDAQ:EBAY) was the recipient of unusually large options trading activity on Tuesday. Investors bought 5,297 call options on the company. This represents an increase of 1,146% compared to the typical volume of 425 call options.
Several analysts recently issued reports on the stock. Macquarie restated a “neutral” rating and set a $39.00 target price on shares of eBay in a research report on Tuesday, April 18th. Vetr lowered shares of eBay from a “buy” rating to a “hold” rating and set a $35.08 target price for the company. in a research report on Thursday, February 16th. Stifel Nicolaus restated a “hold” rating and set a $35.00 target price on shares of eBay in a research report on Friday, April 14th. FBN Securities boosted their target price on shares of eBay from $33.00 to $34.00 and gave the company a “sector perform” rating in a research report on Friday, January 27th. Finally, Goldman Sachs Group Inc restated a “buy” rating and set a $39.00 target price (up from $38.00) on shares of eBay in a research report on Thursday, April 20th. Two equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $35.16.
In related news, Director Kathleen C. Mitic sold 11,897 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $33.84, for a total transaction of $402,594.48. Following the completion of the sale, the director now directly owns 20,162 shares in the company, valued at $682,282.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Brian J. Doerger sold 12,904 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $33.57, for a total transaction of $433,187.28. Following the sale, the vice president now owns 33,604 shares of the company’s stock, valued at $1,128,086.28. The disclosure for this sale can be found here. Insiders sold 77,313 shares of company stock valued at $2,563,228 over the last quarter. Company insiders own 7.40% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC purchased a new position in shares of eBay during the fourth quarter valued at about $100,000. Physicians Financial Services Inc. boosted its position in shares of eBay by 10.0% in the third quarter. Physicians Financial Services Inc. now owns 3,300 shares of the e-commerce company’s stock valued at $108,000 after buying an additional 300 shares during the period. Westside Investment Management Inc. boosted its position in shares of eBay by 284.0% in the first quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock valued at $121,000 after buying an additional 2,638 shares during the period. FNY Partners Fund LP boosted its position in shares of eBay by 660.0% in the first quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock valued at $127,000 after buying an additional 3,300 shares during the period. Finally, SRS Capital Advisors Inc. purchased a new position in shares of eBay during the fourth quarter valued at about $149,000. Institutional investors own 85.86% of the company’s stock.
eBay (NASDAQ:EBAY) traded up 1.59% during mid-day trading on Tuesday, reaching $34.40. The company’s stock had a trading volume of 5,566,980 shares. The company has a market capitalization of $37.23 billion, a PE ratio of 4.95 and a beta of 1.31. The firm has a 50 day moving average price of $33.65 and a 200-day moving average price of $31.79. eBay has a 1-year low of $22.30 and a 1-year high of $34.87.
eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, April 19th. The e-commerce company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. eBay had a return on equity of 24.13% and a net margin of 80.92%. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same period last year, the firm earned $0.47 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities analysts predict that eBay will post $2.01 EPS for the current fiscal year.
eBay Company Profile
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.
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