eBay Inc. (NASDAQ:EBAY) was the target of some unusual options trading on Wednesday. Investors bought 568 put options on the stock. This is an increase of approximately 212% compared to the average daily volume of 182 put options.

eBay (EBAY) traded down 0.26% during mid-day trading on Wednesday, reaching $34.84. The company had a trading volume of 296,132 shares. The firm’s 50 day moving average price is $34.41 and its 200-day moving average price is $32.74. eBay has a 12 month low of $22.30 and a 12 month high of $36.50. The company has a market capitalization of $37.71 billion, a price-to-earnings ratio of 5.02 and a beta of 1.37.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, April 19th. The e-commerce company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The firm had revenue of $2.22 billion during 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 prior year, the business earned $0.47 EPS. Equities research analysts anticipate that eBay will post $2.01 earnings per share for the current year.

Several equities analysts have recently weighed in on the company. Credit Suisse Group upgraded eBay to a “buy” rating and set a $44.00 price target for the company in a report on Monday, June 12th. Robert W. Baird restated an “outperform” rating and set a $38.00 price target on shares of eBay in a report on Monday, June 12th. Vetr upgraded eBay from a “hold” rating to a “buy” rating and set a $37.30 price target for the company in a report on Monday, June 12th. Citigroup Inc. restated a “buy” rating and set a $41.00 price target (up from $36.00) on shares of eBay in a report on Thursday, June 8th. Finally, Atlantic Securities restated a “neutral” rating and set a $36.00 price target on shares of eBay in a report on Wednesday, May 31st. Two equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eighteen have assigned a buy rating to the stock. eBay presently has an average rating of “Hold” and an average target price of $35.56.

In other eBay news, SVP Stephen Fisher sold 33,008 shares of the firm’s stock in a transaction on Monday, April 24th. The stock was 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 owns 109,468 shares of the company’s stock, valued at $3,541,289.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kathleen C. Mitic sold 11,897 shares of the firm’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $33.84, for a total value of $402,594.48. Following the transaction, the director now directly owns 20,162 shares of the company’s stock, valued at approximately $682,282.08. The disclosure for this sale can be found here. Insiders have sold 85,712 shares of company stock valued at $2,877,612 in the last three months. Insiders own 6.78% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its position in eBay by 9.7% in the fourth quarter. Bessemer Group Inc. now owns 12,740 shares of the e-commerce company’s stock valued at $378,000 after buying an additional 1,129 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in eBay by 13.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 28,608 shares of the e-commerce company’s stock valued at $849,000 after buying an additional 3,466 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in eBay by 3.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,548,542 shares of the e-commerce company’s stock valued at $75,672,000 after buying an additional 92,733 shares during the last quarter. Aviva PLC boosted its position in eBay by 5.8% in the fourth quarter. Aviva PLC now owns 668,842 shares of the e-commerce company’s stock valued at $19,865,000 after buying an additional 36,572 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in eBay by 1,060.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,914,484 shares of the e-commerce company’s stock valued at $56,898,000 after buying an additional 1,749,472 shares during the last quarter. Institutional investors own 84.97% of the company’s stock.

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About eBay

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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