eBay Sees Unusually High Options Volume (EBAY)
eBay Inc. (NASDAQ:EBAY) was the target of unusually large options trading on Monday. Stock investors purchased 4,033 call options on the company. This represents an increase of 484% compared to the typical daily volume of 690 call options.
A number of equities analysts recently issued reports on EBAY shares. Credit Suisse Group upgraded eBay from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $34.00 to $44.00 in a report on Monday, June 5th. Robert W. Baird restated an “outperform” rating on shares of eBay in a report on Monday, July 3rd. UBS AG set a $40.00 target price on eBay and gave the stock a “buy” rating in a report on Friday, July 21st. BidaskClub upgraded eBay from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Finally, TheStreet downgraded eBay from a “b-” rating to a “c+” rating in a report on Friday, July 14th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $37.05.
eBay (NASDAQ:EBAY) opened at 36.76 on Thursday. The firm has a 50-day moving average price of $35.72 and a 200-day moving average price of $34.57. The stock has a market cap of $39.34 billion, a P/E ratio of 5.51 and a beta of 1.34. eBay has a 52 week low of $27.28 and a 52 week high of $37.48.
eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Thursday, July 20th. The e-commerce company reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter last year, the company posted $0.43 earnings per share. eBay’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities research analysts predict that eBay will post $2.00 EPS for the current year.
eBay declared that its board has approved a share repurchase program on Thursday, July 20th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the e-commerce company to reacquire up to 7.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.
In related news, SVP Harry A. Lawton III sold 34,832 shares of eBay stock in a transaction on Monday, August 14th. The stock was sold at an average price of $35.00, for a total value of $1,219,120.00. Following the transaction, the senior vice president now directly owns 83,058 shares in the company, valued at approximately $2,907,030. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Stephen Fisher sold 11,956 shares of eBay stock in a transaction on Monday, July 24th. The stock was sold at an average price of $36.24, for a total value of $433,285.44. Following the completion of the transaction, the senior vice president now owns 89,740 shares in the company, valued at $3,252,177.60. The disclosure for this sale can be found here. Insiders sold a total of 70,238 shares of company stock worth $2,501,547 over the last 90 days. Insiders own 6.78% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Captrust Financial Advisors bought a new position in eBay during the second quarter worth about $108,000. BB&T Investment Services Inc. bought a new position in eBay during the second quarter worth about $119,000. Westside Investment Management Inc. grew its holdings in eBay by 284.0% during the first quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock worth $121,000 after purchasing an additional 2,638 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in eBay during the second quarter worth about $123,000. Finally, FNY Partners Fund LP grew its holdings in eBay by 660.0% during the first quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock worth $127,000 after purchasing an additional 3,300 shares during the period. Institutional investors and hedge funds own 84.90% of the company’s stock.
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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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