eBay Inc. (NASDAQ:EBAY) was the recipient of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 16,688,342 shares, a decrease of 19.3% from the October 31st total of 20,688,433 shares. Approximately 1.6% of the company’s shares are sold short. Based on an average daily volume of 9,963,921 shares, the days-to-cover ratio is currently 1.7 days.

eBay (NASDAQ:EBAY) opened at 28.95 on Monday. eBay has a 1-year low of $21.51 and a 1-year high of $33.19. The firm has a market cap of $32.36 billion, a P/E ratio of 18.59 and a beta of 1.33. The stock’s 50 day moving average price is $29.41 and its 200 day moving average price is $28.39.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, October 19th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.19 billion. eBay had a return on equity of 28.67% and a net margin of 20.29%. The business’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.43 EPS. Equities research analysts predict that eBay will post $1.88 EPS for the current year.

In other news, Director Logan Green acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was purchased at an average price of $28.32 per share, with a total value of $28,320.00. Following the completion of the acquisition, the director now owns 1,000 shares of the company’s stock, valued at approximately $28,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Stephen Fisher sold 39,764 shares of the company’s stock in a transaction dated Tuesday, October 25th. The shares were sold at an average price of $29.20, for a total transaction of $1,161,108.80. Following the completion of the sale, the senior vice president now directly owns 120,563 shares of the company’s stock, valued at approximately $3,520,439.60. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of EBAY. Quadrant Capital Group LLC raised its stake in eBay by 0.8% in the second quarter. Quadrant Capital Group LLC now owns 5,596 shares of the e-commerce company’s stock valued at $125,000 after buying an additional 42 shares in the last quarter. Fulton Bank N.A. raised its stake in eBay by 0.7% in the third quarter. Fulton Bank N.A. now owns 9,042 shares of the e-commerce company’s stock valued at $298,000 after buying an additional 63 shares in the last quarter. Tradewinds Capital Management LLC raised its stake in eBay by 2.0% in the third quarter. Tradewinds Capital Management LLC now owns 3,837 shares of the e-commerce company’s stock valued at $126,000 after buying an additional 75 shares in the last quarter. Quantitative Systematic Strategies LLC raised its stake in eBay by 0.8% in the third quarter. Quantitative Systematic Strategies LLC now owns 9,445 shares of the e-commerce company’s stock valued at $305,000 after buying an additional 79 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in eBay by 0.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 28,938 shares of the e-commerce company’s stock valued at $676,000 after buying an additional 91 shares in the last quarter. 81.62% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have weighed in on EBAY. Goldman Sachs Group Inc. set a $34.00 target price on shares of eBay and gave the stock a “buy” rating in a research note on Thursday, September 8th. Sanford C. Bernstein set a $41.00 target price on shares of eBay and gave the stock a “buy” rating in a research note on Wednesday, October 12th. Robert W. Baird reaffirmed an “outperform” rating and set a $35.00 target price on shares of eBay in a research note on Monday, October 17th. reaffirmed an “underperform” rating and set a $30.00 target price (up previously from $27.00) on shares of eBay in a research note on Saturday, October 22nd. Finally, Monness Crespi & Hardt increased their target price on shares of eBay from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, October 18th. Four research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. eBay has a consensus rating of “Hold” and a consensus price target of $34.59.

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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 helps in enabling commerce on its platforms for buyers and sellers online. The Company has an open source platform that provides software developers and merchants an access to its application programming interfaces for developing software and solutions for commerce.

5 Day Chart for NASDAQ:EBAY

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