eBay Inc (EBAY) Sees Large Growth in Short Interest
eBay Inc (NASDAQ:EBAY) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 19,563,721 shares, a growth of 30.1% from the April 28th total of 15,041,228 shares. Based on an average daily trading volume, of 6,976,577 shares, the short-interest ratio is currently 2.8 days. Currently, 1.9% of the company’s stock are sold short.
eBay (NASDAQ:EBAY) opened at 35.22 on Friday. eBay has a 1-year low of $22.30 and a 1-year high of $35.30. The stock has a 50 day moving average price of $33.74 and a 200 day moving average price of $31.88. The stock has a market cap of $38.12 billion, a PE ratio of 5.07 and a beta of 1.31.
eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, April 19th. The e-commerce company reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.21 billion. eBay had a return on equity of 24.13% and a net margin of 80.92%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.47 EPS. On average, analysts predict that eBay will post $2.01 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on EBAY shares. Vetr cut shares of eBay from a “strong-buy” rating to a “buy” rating and set a $38.72 target price for the company. in a research report on Wednesday. ValuEngine downgraded eBay from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. Canaccord Genuity reissued a “hold” rating and set a $32.00 target price on shares of eBay in a research note on Thursday. Macquarie set a $34.00 target price on eBay and gave the stock a “neutral” rating in a research note on Thursday, January 26th. Finally, SunTrust Banks, Inc. reissued a “hold” rating and set a $33.00 target price on shares of eBay in a research note on Wednesday, February 22nd. Two investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. eBay currently has an average rating of “Hold” and an average target price of $35.16.
In related news, VP Brian J. Doerger sold 12,904 shares of the firm’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $33.57, for a total value of $433,187.28. Following the completion of the transaction, the vice president now directly owns 33,604 shares of the company’s stock, valued at $1,128,086.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Stephen Fisher sold 33,008 shares of the firm’s stock in a transaction on Monday, April 24th. The shares were sold at an average price of $32.35, for a total transaction of $1,067,808.80. Following the completion of the transaction, the senior vice president now directly owns 109,468 shares of the company’s stock, valued at $3,541,289.80. The disclosure for this sale can be found here. Insiders have sold a total of 60,712 shares of company stock worth $2,002,612 over the last 90 days. Corporate insiders own 7.40% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in EBAY. Capital One National Association raised its position in eBay by 0.5% in the first quarter. Capital One National Association now owns 7,255 shares of the e-commerce company’s stock worth $244,000 after buying an additional 39 shares during the last quarter. Welch & Forbes LLC raised its position in shares of eBay by 0.6% in the first quarter. Welch & Forbes LLC now owns 7,708 shares of the e-commerce company’s stock valued at $259,000 after buying an additional 45 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV raised its position in shares of eBay by 0.3% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 15,473 shares of the e-commerce company’s stock valued at $519,000 after buying an additional 50 shares in the last quarter. Alpha Windward LLC raised its position in shares of eBay by 1.1% in the first quarter. Alpha Windward LLC now owns 5,531 shares of the e-commerce company’s stock valued at $186,000 after buying an additional 59 shares in the last quarter. Finally, Wetherby Asset Management Inc. raised its position in shares of eBay by 0.4% in the fourth quarter. Wetherby Asset Management Inc. now owns 19,507 shares of the e-commerce company’s stock valued at $579,000 after buying an additional 75 shares in the last quarter. Institutional investors and hedge funds own 85.86% of the company’s stock.
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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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