eBay Inc. (NASDAQ:EBAY) was the target of some unusual options trading activity on Monday. Traders purchased 4,033 call options on the stock. This represents an increase of 484% compared to the average daily volume of 690 call options.

A number of analysts recently weighed in on EBAY shares. Argus raised their target price on shares of eBay from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, April 12th. Maxim Group restated a “buy” rating and set a $36.00 target price on shares of eBay in a report on Wednesday, April 12th. Aegis restated a “buy” rating and set a $40.00 target price (up from $38.00) on shares of eBay in a report on Thursday, April 13th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $39.00 target price (up from $38.00) on shares of eBay in a report on Thursday, April 20th. Finally, Hilliard Lyons restated a “buy” rating and set a $38.50 target price (up from $36.00) on shares of eBay in a report on Thursday, April 20th. Two investment analysts have rated the stock with a sell rating, twenty have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $36.91.

In other news, VP Brian J. Doerger sold 2,903 shares of the stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $34.11, for a total value of $99,021.33. Following the completion of the transaction, the vice president now directly owns 30,701 shares in the company, valued at $1,047,211.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brian J. Doerger sold 12,904 shares of the 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 completion of the transaction, 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 64,660 shares of company stock valued at $2,243,089 over the last quarter. Insiders own 6.78% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Private Trust Co. NA boosted its stake in shares of eBay by 0.8% in the first quarter. Private Trust Co. NA now owns 13,691 shares of the e-commerce company’s stock valued at $459,000 after buying an additional 111 shares in the last quarter. National Pension Service boosted its stake in shares of eBay by 0.3% in the first quarter. National Pension Service now owns 839,853 shares of the e-commerce company’s stock valued at $28,303,000 after buying an additional 2,221 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of eBay by 3.3% in the first quarter. Quadrant Capital Group LLC now owns 5,870 shares of the e-commerce company’s stock valued at $189,000 after buying an additional 187 shares in the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of eBay by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 338,758 shares of the e-commerce company’s stock valued at $11,372,000 after buying an additional 4,400 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its stake in shares of eBay by 8.0% in the first quarter. Raymond James Trust N.A. now owns 28,161 shares of the e-commerce company’s stock valued at $945,000 after buying an additional 2,090 shares in the last quarter. Hedge funds and other institutional investors own 85.13% of the company’s stock.

Shares of eBay (NASDAQ EBAY) opened at 37.04 on Thursday. The company has a market capitalization of $39.64 billion, a price-to-earnings ratio of 5.56 and a beta of 1.36. eBay has a 52-week low of $27.28 and a 52-week high of $37.48. The firm’s 50-day moving average is $35.43 and its 200 day moving average is $33.79.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.45. eBay had a return on equity of 17.50% and a net margin of 80.93%. The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the previous year, the business posted $0.43 EPS. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts anticipate that eBay will post $2.01 earnings per share for the current year.

eBay announced that its Board of Directors has authorized a stock buyback plan on Thursday, July 20th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the e-commerce company to purchase up to 7.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

WARNING: “Stock Traders Buy High Volume of eBay Call Options (NASDAQ:EBAY)” was originally published by American Banking News and is the property of of American Banking News. If you are reading this report on another website, it was stolen and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/07/27/stock-traders-buy-high-volume-of-ebay-call-options-nasdaqebay.html.

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.

Receive News & Ratings for eBay Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay Inc. and related companies with MarketBeat.com's FREE daily email newsletter.