eBay Target of Unusually High Options Trading (EBAY)
eBay Inc. (NASDAQ:EBAY) was the target of some unusual options trading activity on Wednesday. Stock traders bought 4,033 call options on the stock. This represents an increase of approximately 484% compared to the typical volume of 690 call options.
eBay (EBAY) opened at $37.50 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.46 and a current ratio of 2.46. The company has a market cap of $39.07 billion, a PE ratio of 23.38, a price-to-earnings-growth ratio of 2.87 and a beta of 1.36.
eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. eBay had a net margin of 80.45% and a return on equity of 15.69%. The firm had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.37 billion. During the same period in the previous year, the business posted $0.45 EPS. The business’s revenue was up 8.7% compared to the same quarter last year. research analysts expect that eBay will post 1.65 EPS for the current year.
eBay declared that its board has initiated a stock repurchase plan on Thursday, July 20th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the e-commerce company to repurchase up to 7.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
EBAY has been the subject of several analyst reports. Benchmark Co. raised their target price on shares of eBay from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, July 19th. Susquehanna Bancshares Inc restated a “positive” rating and issued a $41.00 target price (up previously from $40.00) on shares of eBay in a report on Sunday, July 23rd. Piper Jaffray Companies set a $34.00 target price on shares of eBay and gave the stock a “hold” rating in a report on Wednesday, October 11th. Morgan Stanley restated an “underweight” rating and issued a $28.00 target price on shares of eBay in a report on Saturday, July 22nd. Finally, Guggenheim initiated coverage on shares of eBay in a report on Friday, October 20th. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and seventeen have assigned a buy rating to the company. eBay has an average rating of “Hold” and a consensus price target of $38.45.
In other eBay news, SVP Harry A. Lawton III sold 34,832 shares of the stock in a transaction on 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 completion of the transaction, the senior vice president now owns 83,058 shares in the company, valued at $2,907,030. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Holmes Swan sold 25,000 shares of the stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $37.51, for a total transaction of $937,750.00. Following the transaction, the director now owns 262,119 shares of the company’s stock, valued at approximately $9,832,083.69. The disclosure for this sale can be found here. Insiders have sold 201,655 shares of company stock valued at $7,486,428 in the last quarter. 6.78% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Captrust Financial Advisors acquired a new position in shares of eBay in the 2nd quarter valued at $108,000. BB&T Investment Services Inc. acquired a new position in shares of eBay in the 2nd quarter valued at $119,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of eBay in the 2nd quarter valued at $123,000. Westside Investment Management Inc. lifted its stake in shares of eBay by 1.7% in the 2nd quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock valued at $127,000 after purchasing an additional 60 shares during the period. Finally, FNY Partners Fund LP lifted its stake in shares of eBay by 660.0% in the 1st quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock valued at $127,000 after purchasing an additional 3,300 shares during the period. Hedge funds and other institutional investors own 87.23% 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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