Short Interest in eBay Inc. (EBAY) Expands By 6.1%

eBay Inc. (NASDAQ:EBAY) saw a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 34,306,559 shares, an increase of 6.1% from the January 12th total of 32,326,579 shares. Approximately 3.5% of the company’s stock are sold short. Based on an average daily trading volume, of 10,224,381 shares, the days-to-cover ratio is presently 3.4 days.

In other news, insider Devin Wenig sold 134,207 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $42.69, for a total value of $5,729,296.83. Following the completion of the sale, the insider now owns 642,077 shares of the company’s stock, valued at approximately $27,410,267.13. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Raymond J. Pittman sold 31,400 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $35.58, for a total value of $1,117,212.00. Following the completion of the sale, the senior vice president now directly owns 74,334 shares of the company’s stock, valued at approximately $2,644,803.72. The disclosure for this sale can be found here. In the last three months, insiders sold 199,752 shares of company stock valued at $8,288,316. 6.78% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in EBAY. HighTower Advisors LLC boosted its position in shares of eBay by 6.7% during the second quarter. HighTower Advisors LLC now owns 28,382 shares of the e-commerce company’s stock valued at $983,000 after buying an additional 1,775 shares during the last quarter. Caxton Associates LP boosted its position in shares of eBay by 10.7% during the second quarter. Caxton Associates LP now owns 13,500 shares of the e-commerce company’s stock valued at $471,000 after buying an additional 1,300 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of eBay during the second quarter valued at approximately $123,000. Scotia Capital Inc. boosted its position in shares of eBay by 163.3% during the second quarter. Scotia Capital Inc. now owns 37,219 shares of the e-commerce company’s stock valued at $1,300,000 after buying an additional 96,028 shares during the last quarter. Finally, BB&T Investment Services Inc. purchased a new position in shares of eBay during the second quarter valued at approximately $119,000. 85.84% of the stock is currently owned by institutional investors.

eBay (NASDAQ:EBAY) traded up $0.64 during midday trading on Friday, hitting $41.66. The stock had a trading volume of 15,696,156 shares, compared to its average volume of 12,282,434. The company has a market capitalization of $42,160.00, a P/E ratio of -39.30, a price-to-earnings-growth ratio of 2.41 and a beta of 1.31. eBay has a 52-week low of $31.89 and a 52-week high of $46.99. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.46 and a current ratio of 2.19.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, January 31st. The e-commerce company reported $0.59 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.59. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.61 billion. eBay had a positive return on equity of 16.82% and a negative net margin of 10.62%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.54 earnings per share. equities analysts expect that eBay will post 1.84 EPS for the current year.

eBay declared that its Board of Directors has initiated a stock buyback plan on Wednesday, January 31st that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the e-commerce company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

EBAY has been the topic of a number of research analyst reports. Robert W. Baird restated a “buy” rating and issued a $38.00 price target on shares of eBay in a research note on Monday, October 16th. Canaccord Genuity increased their price target on eBay from $34.00 to $35.00 and gave the company a “hold” rating in a research note on Tuesday, October 17th. BMO Capital Markets restated a “market perform” rating and issued a $40.00 price target on shares of eBay in a research note on Wednesday, October 18th. Macquarie set a $40.00 price target on eBay and gave the company a “neutral” rating in a research note on Wednesday, October 18th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $39.00 price target (up previously from $36.00) on shares of eBay in a research note on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $42.87.

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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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