eBay Target of Unusually High Options Trading (EBAY)
eBay Inc. (NASDAQ:EBAY) saw unusually large options trading activity on Monday. Traders bought 4,033 call options on the stock. This is an increase of approximately 484% compared to the average volume of 690 call options.
In other news, SVP Harry A. Lawton III sold 34,832 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $35.00, for a total value of $1,219,120.00. Following the sale, the senior vice president now directly owns 83,058 shares in the company, valued at approximately $2,907,030. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Holmes Swan sold 25,000 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $37.51, for a total transaction of $937,750.00. Following the completion of the sale, the director now owns 262,119 shares in the company, valued at $9,832,083.69. The disclosure for this sale can be found here. Insiders sold a total of 95,238 shares of company stock worth $3,439,297 in the last ninety days. 6.78% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the stock. Captrust Financial Advisors bought a new stake in shares of eBay in the second quarter valued at approximately $108,000. BB&T Investment Services Inc. bought a new stake in shares of eBay in the second quarter valued at approximately $119,000. Westside Investment Management Inc. increased its holdings in shares of 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 buying an additional 2,638 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of eBay during the second quarter worth $123,000. Finally, FNY Partners Fund LP increased its holdings in shares of 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 buying an additional 3,300 shares in the last quarter. Institutional investors and hedge funds own 84.88% of the company’s stock.
eBay (NASDAQ EBAY) traded up 0.68% during mid-day trading on Friday, hitting $38.35. The stock had a trading volume of 9,421,796 shares. The company has a market capitalization of $41.05 billion, a P/E ratio of 5.75 and a beta of 1.36. The stock’s 50-day moving average is $37.75 and its 200 day moving average is $35.48. eBay has a 52 week low of $27.28 and a 52 week high of $39.28.
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. Equities analysts forecast that eBay will post $2.00 earnings per share for the current fiscal year.
eBay announced that its Board of Directors has initiated a stock repurchase 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 purchase up to 7.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
A number of research firms recently commented on EBAY. KeyCorp reiterated a “hold” rating on shares of eBay in a research note on Wednesday. BidaskClub lowered shares of eBay from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Mizuho reaffirmed an “underperform” rating and set a $34.00 target price on shares of eBay in a report on Monday, August 7th. SunTrust Banks, Inc. started coverage on shares of eBay in a report on Tuesday, August 15th. They issued a “hold” rating and a $38.00 price target for the company. Finally, Piper Jaffray Companies set a $34.00 price target on shares of eBay and gave the stock a “hold” rating in a report on Wednesday. Three research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and eighteen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $37.66.
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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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