Stock Traders Purchase Large Volume of Put Options on eBay (NASDAQ:EBAY)

eBay Inc. (NASDAQ:EBAY) saw unusually large options trading activity on Wednesday. Traders bought 2,669 put options on the company. This is an increase of approximately 388% compared to the average volume of 547 put options.

A number of equities analysts have weighed in on the stock. Canaccord Genuity reaffirmed a “hold” rating and set a $32.00 target price on shares of eBay in a research note on Tuesday. TheStreet cut shares of eBay from a “b-” rating to a “c+” rating in a report on Friday. Aegis reiterated a “buy” rating and set a $42.00 price target on shares of eBay in a report on Monday. BidaskClub upgraded shares of eBay from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $38.00 price target on shares of eBay in a research note on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $36.09.

eBay (EBAY) traded down 0.62% during trading on Tuesday, reaching $36.82. The company’s stock had a trading volume of 839,819 shares. The firm has a market capitalization of $39.85 billion, a price-to-earnings ratio of 5.30 and a beta of 1.36. The stock’s 50-day moving average is $34.72 and its 200 day moving average is $32.99. eBay has a 52-week low of $25.95 and a 52-week high of $37.20.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, April 19th. The e-commerce company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.21 billion. eBay had a return on equity of 20.44% and a net margin of 86.31%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 EPS. On average, analysts predict that eBay will post $2.01 EPS for the current fiscal year.

In other news, Director Robert Holmes Swan sold 25,000 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $35.00, for a total transaction of $875,000.00. Following the completion of the transaction, the director now directly owns 286,562 shares of the company’s stock, valued at $10,029,670. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Stephen Fisher sold 33,008 shares of the stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $32.35, for a total transaction of $1,067,808.80. Following the completion of the transaction, the senior vice president now directly owns 109,468 shares of the company’s stock, valued at $3,541,289.80. The disclosure for this sale can be found here. Insiders have sold a total of 85,712 shares of company stock worth $2,877,612 in the last three months. Insiders own 6.78% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Westside Investment Management Inc. increased its stake in eBay by 284.0% in 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 during the last quarter. FNY Partners Fund LP increased its stake in eBay by 660.0% in 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. Parallel Advisors LLC increased its stake in eBay by 25.5% in the first quarter. Parallel Advisors LLC now owns 4,221 shares of the e-commerce company’s stock worth $140,000 after buying an additional 858 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in eBay by 100.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,450 shares of the e-commerce company’s stock worth $149,000 after buying an additional 2,230 shares in the last quarter. Finally, First Personal Financial Services increased its stake in eBay by 611.8% in the first quarter. First Personal Financial Services now owns 4,883 shares of the e-commerce company’s stock worth $164,000 after buying an additional 4,197 shares in the last quarter. Institutional investors own 85.02% of the company’s stock.

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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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