eBay Sees Unusually Large Options Volume (NASDAQ:EBAY)

eBay Inc. (NASDAQ:EBAY) was the target of unusually large options trading activity on Friday. Stock investors purchased 15,502 put options on the stock. This is an increase of approximately 50% compared to the typical daily volume of 10,355 put options.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Truist Financial increased their price target on shares of eBay from $48.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, May 6th. Jefferies Financial Group increased their price target on shares of eBay from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. JPMorgan Chase & Co. began coverage on shares of eBay in a research report on Tuesday, June 25th. They set a “neutral” rating and a $60.00 target price on the stock. Mizuho raised their target price on shares of eBay from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Finally, TD Cowen raised their target price on shares of eBay from $42.00 to $45.00 and gave the stock a “hold” rating in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $53.84.

eBay Stock Up 2.0 %

EBAY opened at $54.18 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.99 and a quick ratio of 1.99. eBay has a 12 month low of $37.17 and a 12 month high of $55.69. The stock has a market capitalization of $27.20 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 2.44 and a beta of 1.31. The business has a 50-day moving average of $53.43 and a two-hundred day moving average of $49.70.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.20 by $0.05. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.53 billion. eBay had a return on equity of 29.11% and a net margin of 25.97%. eBay’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 EPS. On average, research analysts expect that eBay will post 3.73 earnings per share for the current year.

Insider Transactions at eBay

In related news, SVP Edward O. Garcia sold 986 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total value of $52,110.10. Following the sale, the senior vice president now owns 37,126 shares of the company’s stock, valued at $1,962,109.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other eBay news, SVP Julie A. Loeger sold 7,419 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $54.20, for a total value of $402,109.80. Following the transaction, the senior vice president now directly owns 70,797 shares in the company, valued at $3,837,197.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Edward O. Garcia sold 986 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total transaction of $52,110.10. Following the completion of the transaction, the senior vice president now owns 37,126 shares in the company, valued at $1,962,109.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,558 shares of company stock valued at $3,001,254. 0.38% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On eBay

Institutional investors have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of eBay in the 2nd quarter valued at approximately $26,000. Hobbs Group Advisors LLC bought a new stake in shares of eBay in the 2nd quarter valued at approximately $29,000. Washington Trust Advisors Inc. bought a new stake in shares of eBay in the 1st quarter valued at approximately $30,000. LRI Investments LLC bought a new stake in shares of eBay in the 1st quarter valued at approximately $29,000. Finally, CVA Family Office LLC bought a new stake in shares of eBay in the 4th quarter valued at approximately $25,000. 87.48% of the stock is owned by institutional investors and hedge funds.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.