eBay Inc. (NASDAQ:EBAY) was the recipient of unusually large options trading activity on Monday. Stock investors purchased 10,538 call options on the stock. This represents an increase of approximately 107% compared to the typical daily volume of 5,101 call options.

Shares of eBay (EBAY) traded up 1.38% during trading on Monday, reaching $36.11. 5,312,677 shares of the company’s stock traded hands. The company has a 50 day moving average price of $35.51 and a 200 day moving average price of $33.97. eBay has a 1-year low of $27.28 and a 1-year high of $37.48. The stock has a market capitalization of $38.65 billion, a PE ratio of 5.42 and a beta of 1.36.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate 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 analyst estimates of $2.31 billion. During the same quarter in the previous year, the firm posted $0.43 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities analysts forecast that eBay will post $2.00 EPS for the current fiscal year.

eBay declared that its board has initiated a share buyback plan on Thursday, July 20th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the e-commerce company to reacquire up to 7.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

A number of equities analysts recently weighed in on EBAY shares. Piper Jaffray Companies restated a “hold” rating and set a $30.00 target price on shares of eBay in a research report on Monday, April 10th. Robert W. Baird restated an “outperform” rating and set a $38.00 target price on shares of eBay in a research report on Monday, April 10th. SunTrust Banks, Inc. restated a “hold” rating and set a $35.00 target price on shares of eBay in a research report on Tuesday, April 11th. Maxim Group reiterated a “buy” rating and set a $36.00 price objective on shares of eBay in a research report on Wednesday, April 12th. Finally, Argus increased their price objective on shares of eBay from $36.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, April 12th. Two research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and seventeen have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $36.91.

In other news, VP Brian J. Doerger sold 2,903 shares of the stock in a transaction on Friday, May 12th. The shares were sold at an average price of $34.11, for a total value of $99,021.33. Following the completion of the sale, the vice president now directly owns 30,701 shares of the company’s stock, valued at $1,047,211.11. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kathleen C. Mitic sold 11,897 shares of the stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $33.84, for a total transaction of $402,594.48. Following the completion of the sale, the director now directly owns 20,162 shares of the company’s stock, valued at $682,282.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,206 shares of company stock worth $2,659,043. Insiders own 6.78% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ifrah Financial Services Inc. raised its position in eBay by 1.7% in the second quarter. Ifrah Financial Services Inc. now owns 20,042 shares of the e-commerce company’s stock worth $700,000 after buying an additional 335 shares in the last quarter. Thompson Investment Management Inc. raised its position in shares of eBay by 0.3% in the second quarter. Thompson Investment Management Inc. now owns 105,504 shares of the e-commerce company’s stock worth $3,684,000 after buying an additional 319 shares during the period. Aviva PLC raised its position in shares of eBay by 2.2% in the second quarter. Aviva PLC now owns 626,001 shares of the e-commerce company’s stock worth $21,860,000 after buying an additional 13,315 shares during the period. Victory Capital Management Inc. raised its position in shares of eBay by 11.3% in the second quarter. Victory Capital Management Inc. now owns 55,532 shares of the e-commerce company’s stock worth $1,939,000 after buying an additional 5,637 shares during the period. Finally, MUFG Americas Holdings Corp raised its position in shares of eBay by 157.1% in the second quarter. MUFG Americas Holdings Corp now owns 12,782 shares of the e-commerce company’s stock worth $446,000 after buying an additional 7,810 shares during the period. Institutional investors and hedge funds own 86.48% of the company’s stock.

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About eBay

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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