Stock Traders Purchase Large Volume of eBay Call Options (EBAY)
eBay Inc. (NASDAQ:EBAY) was the target of unusually large options trading activity on Monday. Traders bought 9,108 call options on the stock. This represents an increase of 153% compared to the typical daily volume of 3,602 call options.
In related news, Director Robert Holmes Swan sold 25,000 shares of eBay stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $35.00, for a total transaction of $875,000.00. Following the sale, the director now directly owns 286,562 shares in the company, valued at approximately $10,029,670. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Stephen Fisher sold 33,008 shares of eBay stock in a transaction that occurred 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 sale, the senior vice president now owns 109,468 shares in the company, 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 worth $2,877,612. 6.78% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in EBAY. Bessemer Group Inc. boosted its position in shares of 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 shares of 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 shares of 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. Brahman Capital Corp. purchased a new position in shares of eBay during the fourth quarter valued at about $83,851,000. Finally, Envestnet Asset Management Inc. boosted its position in shares of eBay by 7.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 173,481 shares of the e-commerce company’s stock valued at $5,150,000 after buying an additional 12,663 shares during the last quarter. Institutional investors own 84.97% of the company’s stock.
Shares of eBay (NASDAQ EBAY) opened at 35.31 on Thursday. The firm’s 50-day moving average is $34.41 and its 200 day moving average is $32.74. eBay has a 12-month low of $22.30 and a 12-month high of $36.50. The stock has a market capitalization of $38.22 billion, a P/E ratio of 5.09 and a beta of 1.37.
eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, April 19th. The e-commerce company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. eBay had a return on equity of 20.44% and a net margin of 86.31%. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same period last year, the company earned $0.47 EPS. eBay’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities research analysts forecast that eBay will post $2.01 EPS for the current fiscal year.
A number of brokerages have recently issued reports on EBAY. Credit Suisse Group upgraded shares of eBay from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $34.00 to $44.00 in a research report on Monday, June 5th. Royal Bank Of Canada restated a “hold” rating and issued a $34.00 price target on shares of eBay in a research report on Thursday, April 13th. Canaccord Genuity restated a “hold” rating and issued a $31.00 price target on shares of eBay in a research report on Wednesday, March 1st. Citigroup Inc. restated a “buy” rating and issued a $41.00 price target (up previously from $36.00) on shares of eBay in a research report on Thursday, June 8th. Finally, Robert W. Baird restated an “in-line” rating and issued a $38.00 price target on shares of eBay in a research report on Monday, March 13th. Two investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $35.70.
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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