Investors Buy High Volume of Call Options on eBay (EBAY)
eBay Inc. (NASDAQ:EBAY) saw unusually large options trading activity on Monday. Investors acquired 4,033 call options on the company. This is an increase of 484% compared to the average volume of 690 call options.
eBay (NASDAQ:EBAY) opened at 34.89 on Thursday. The stock has a market cap of $37.34 billion, a P/E ratio of 5.23 and a beta of 1.36. eBay has a 1-year low of $27.28 and a 1-year high of $37.48. The stock has a 50 day moving average of $35.73 and a 200 day moving average of $34.41.
eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Thursday, July 20th. The e-commerce company reported $0.45 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. eBay had a return on equity of 17.50% and a net margin of 80.93%. The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the previous year, the business earned $0.43 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities analysts anticipate that eBay will post $2.00 EPS for the current fiscal year.
eBay announced that its Board of Directors has initiated a stock buyback plan on Thursday, July 20th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the e-commerce company to repurchase up to 7.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.
In other eBay news, SVP Harry A. Lawton III sold 34,832 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $35.00, for a total transaction of $1,219,120.00. Following the sale, the senior vice president now directly owns 83,058 shares of the company’s stock, valued at approximately $2,907,030. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Stephen Fisher sold 11,956 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $36.24, for a total transaction of $433,285.44. Following the sale, the senior vice president now directly owns 89,740 shares in the company, valued at $3,252,177.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,238 shares of company stock worth $2,501,547. Insiders own 6.78% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Captrust Financial Advisors bought a new stake in shares of eBay during the second quarter valued at about $108,000. BB&T Investment Services Inc. bought a new stake in shares of eBay during the second quarter valued at about $119,000. Westside Investment Management Inc. boosted its stake in shares of eBay by 284.0% in the first quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock valued at $121,000 after buying an additional 2,638 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of eBay during the second quarter valued at about $123,000. Finally, FNY Partners Fund LP boosted its stake in shares of eBay by 660.0% in the first quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock valued at $127,000 after buying an additional 3,300 shares during the last quarter. Institutional investors own 85.71% of the company’s stock.
EBAY has been the topic of several recent analyst reports. J P Morgan Chase & Co set a $38.00 price target on shares of eBay and gave the company a “neutral” rating in a research note on Friday, July 21st. Barclays PLC reiterated an “overweight” rating and issued a $42.00 price target (up previously from $41.00) on shares of eBay in a research note on Friday, July 21st. Stifel Nicolaus set a $36.00 price target on shares of eBay and gave the company a “neutral” rating in a research note on Friday, July 21st. UBS AG set a $40.00 price target on shares of eBay and gave the company a “buy” rating in a research note on Friday, July 21st. Finally, Morgan Stanley set a $29.00 price target on shares of eBay and gave the company a “sell” rating in a research note on Friday, July 21st. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and seventeen have given a buy rating to the stock. eBay has an average rating of “Hold” and a consensus target price of $37.05.
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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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