Traders Buy Large Volume of eBay Call Options (EBAY)
eBay Inc. (NASDAQ:EBAY) was the target of some unusual options trading on Monday. Stock investors purchased 4,033 call options on the stock. This represents an increase of 484% compared to the typical volume of 690 call options.
In related news, SVP Harry A. Lawton III sold 13,000 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $35.93, for a total value of $467,090.00. Following the completion of the sale, the senior vice president now directly owns 45,488 shares in the company, valued at $1,634,383.84. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Brian J. Doerger sold 10,450 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $36.56, for a total value of $382,052.00. Following the completion of the sale, the vice president now owns 24,001 shares of the company’s stock, valued at $877,476.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 95,238 shares of company stock valued at $3,439,297. 6.78% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Captrust Financial Advisors bought a new position in shares of eBay in the second quarter worth approximately $108,000. BB&T Investment Services Inc. bought a new position in eBay during the second quarter valued at approximately $119,000. Westside Investment Management Inc. lifted its position in eBay by 284.0% during the first quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock valued at $121,000 after purchasing an additional 2,638 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in eBay during the second quarter valued at approximately $123,000. Finally, FNY Partners Fund LP lifted its position in eBay by 660.0% during the first 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 84.88% of the company’s stock.
Several equities research analysts recently issued reports on the company. Wells Fargo & Company reiterated an “outperform” rating and issued a $45.00 price target on shares of eBay in a research note on Tuesday, September 26th. Benchmark Co. reiterated a “buy” rating and issued a $45.00 price target (up from $40.00) on shares of eBay in a research note on Friday, September 22nd. Aegis reiterated a “buy” rating and issued a $44.00 price target (up from $42.00) on shares of eBay in a research note on Tuesday, September 19th. DA Davidson assumed coverage on eBay in a research note on Wednesday, September 13th. They issued a “buy” rating and a $45.00 price target for the company. Finally, BMO Capital Markets reiterated a “hold” rating on shares of eBay in a research note on Wednesday, September 13th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and nineteen have assigned a buy rating to the company. eBay has a consensus rating of “Hold” and an average price target of $37.64.
eBay (NASDAQ:EBAY) opened at 38.66 on Thursday. The firm’s 50 day moving average is $36.99 and its 200 day moving average is $35.23. The company has a market cap of $41.38 billion, a PE ratio of 5.80 and a beta of 1.36. eBay has a 52-week low of $27.28 and a 52-week high of $39.05.
eBay (NASDAQ:EBAY) last issued its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.31 billion. eBay had a net margin of 80.93% and a return on equity of 17.50%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Analysts forecast that eBay will post $2.00 EPS for the current fiscal year.
eBay declared that its Board of Directors has initiated a stock repurchase program on Thursday, July 20th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the e-commerce company to reacquire up to 7.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.
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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