eBay Target of Unusually High Options Trading (EBAY)
eBay Inc. (NASDAQ:EBAY) was the target of unusually large options trading on Monday. Investors purchased 4,033 call options on the stock. This is an increase of 484% compared to the typical volume of 690 call options.
In related news, SVP Harry A. Lawton III sold 34,832 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $35.00, for a total transaction of $1,219,120.00. Following the completion of the transaction, 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 filing with the SEC, which can be accessed through the SEC website. Also, SVP Stephen Fisher sold 11,956 shares of the stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $36.24, for a total value of $433,285.44. Following the sale, the senior vice president now owns 89,740 shares of the company’s stock, valued at $3,252,177.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 95,238 shares of company stock valued at $3,439,297. 6.78% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Perpetual Ltd lifted its holdings in shares of eBay by 12.4% in the 2nd quarter. Perpetual Ltd now owns 521,347 shares of the e-commerce company’s stock worth $18,205,000 after acquiring an additional 57,350 shares during the last quarter. Intl Fcstone Inc. bought a new stake in shares of eBay in the 2nd quarter worth about $612,000. USA Financial Portformulas Corp bought a new stake in shares of eBay in the 2nd quarter worth about $2,952,000. Toronto Dominion Bank lifted its holdings in shares of eBay by 24.9% in the 2nd quarter. Toronto Dominion Bank now owns 341,309 shares of the e-commerce company’s stock worth $11,916,000 after acquiring an additional 67,938 shares during the last quarter. Finally, Oak Associates Ltd. OH lifted its holdings in shares of eBay by 7.4% in the 2nd quarter. Oak Associates Ltd. OH now owns 556,160 shares of the e-commerce company’s stock worth $19,421,000 after acquiring an additional 38,300 shares during the last quarter. Hedge funds and other institutional investors own 84.88% of the company’s stock.
Shares of eBay (NASDAQ:EBAY) opened at 38.66 on Thursday. The company has a market capitalization of $41.38 billion, a P/E ratio of 5.80 and a beta of 1.36. eBay has a 1-year low of $27.28 and a 1-year high of $39.05. The firm has a 50-day moving average of $36.99 and a 200 day moving average of $35.23.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data 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 net margin of 80.93% and a return on equity of 17.50%. The business had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same period last year, the company posted $0.43 EPS. The business’s revenue was up 4.4% on a year-over-year basis. On average, analysts anticipate that eBay will post $2.00 EPS for the current year.
eBay announced that its board has initiated a stock buyback program on Thursday, July 20th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the e-commerce company to buy up to 7.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.
EBAY has been the subject of a number of recent analyst reports. Robert W. Baird reiterated an “outperform” rating on shares of eBay in a report on Monday, July 3rd. UBS AG set a $40.00 price target on eBay and gave the stock a “buy” rating in a report on Friday, July 21st. Wells Fargo & Company reiterated an “outperform” rating and set a $45.00 price target on shares of eBay in a report on Tuesday, September 26th. 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 equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and nineteen have given a buy rating to the company. eBay has a consensus rating of “Hold” and a consensus price target of $37.64.
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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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