Stock Traders Buy High Volume of Call Options on eBay (EBAY)
eBay Inc. (NASDAQ:EBAY) saw unusually large options trading on Monday. Stock investors bought 3,120 call options on the company. This represents an increase of 286% compared to the typical volume of 809 call options.
In other news, Director Robert Holmes Swan sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $35.00, for a total transaction of $875,000.00. Following the completion of the transaction, the director now directly owns 286,562 shares in the company, valued at $10,029,670. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Stephen Fisher sold 33,008 shares of the company’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $32.35, for a total value of $1,067,808.80. Following the transaction, the senior vice president now owns 109,468 shares of the company’s stock, valued at $3,541,289.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 85,712 shares of company stock valued at $2,877,612. Corporate insiders own 6.78% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Palisades Hudson Asset Management L.P. acquired a new position in shares of eBay during the first quarter worth about $210,000. Steadfast Capital Management LP increased its position in shares of eBay by 42.8% in the first quarter. Steadfast Capital Management LP now owns 9,042,180 shares of the e-commerce company’s stock worth $303,546,000 after buying an additional 2,708,246 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of eBay by 131.3% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 297,187 shares of the e-commerce company’s stock worth $9,976,000 after buying an additional 168,687 shares in the last quarter. Achmea Investment Management B.V. acquired a new position in shares of eBay during the first quarter worth about $4,204,000. Finally, Sanders Capital LLC increased its position in shares of eBay by 2.9% in the first quarter. Sanders Capital LLC now owns 2,746,100 shares of the e-commerce company’s stock worth $95,043,000 after buying an additional 76,400 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.
eBay (NASDAQ EBAY) traded down 2.647% during midday trading on Monday, hitting $34.015. The stock had a trading volume of 968,551 shares. The company’s 50 day moving average price is $34.09 and its 200-day moving average price is $32.40. The stock has a market capitalization of $36.82 billion, a price-to-earnings ratio of 4.899 and a beta of 1.37. eBay has a 52 week low of $22.30 and a 52 week high of $36.50.
eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, April 19th. The e-commerce company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.21 billion. eBay had a return on equity of 20.44% and a net margin of 86.31%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 EPS. Equities analysts anticipate that eBay will post $2.01 earnings per share for the current fiscal year.
A number of brokerages have recently commented on EBAY. Robert W. Baird reiterated an “outperform” rating and set a $38.00 price target on shares of eBay in a report on Monday. Vetr upgraded eBay from a “hold” rating to a “buy” rating and set a $37.30 price objective on the stock in a research report on Monday. Citigroup Inc. restated a “buy” rating and set a $41.00 price objective (up from $36.00) on shares of eBay in a research report on Thursday. Credit Suisse Group upgraded eBay from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $34.00 to $44.00 in a research report on Monday, June 5th. Finally, Atlantic Securities restated a “neutral” rating and set a $36.00 price objective on shares of eBay in a research report on Wednesday, May 31st. Two analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eighteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $35.56.
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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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