Is eBay Inc a Sell? The Stock Had Bearish Options Activity Today

 Is eBay Inc a Sell? The Stock Had Bearish Options Activity Today

In today’s session eBay Inc (EBAY) recorded an unusually high (418) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2018 put, expecting serious EBAY decrease. With 418 contracts traded and 2684 open interest for the Jan, 18 contract, it seems this is a quite bearish bet. The option with symbol: EBAY180119P00032500 closed last at: $3.8 or 9.5% down. About 6.66 million shares traded hands. eBay Inc (NASDAQ:EBAY) has risen 34.23% since March 1, 2016 and is uptrending. It has outperformed by 24.98% the S&P500.

Analysts await eBay Inc (NASDAQ:EBAY) to report earnings on October, 19. They expect $0.36 EPS, up 2.86% or $0.01 from last year’s $0.35 per share. EBAY’s profit will be $399.79M for 22.74 P/E if the $0.36 EPS becomes a reality. After $0.36 actual EPS reported by eBay Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

eBay Inc (NASDAQ:EBAY) Ratings Coverage

Out of 33 analysts covering eBay Inc (NASDAQ:EBAY), 14 rate it a “Buy”, 3 “Sell”, while 16 “Hold”. This means 42% are positive. $69 is the highest target while $22.50 is the lowest. The $31.94 average target is -2.47% below today’s ($32.75) stock price. eBay Inc has been the topic of 61 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Vetr downgraded the shares of EBAY in a report on Thursday, August 27 to “Strong-Buy” rating. The rating was initiated by BMO Capital Markets on Wednesday, March 2 with “Market Perform”. Cantor Fitzgerald downgraded the shares of EBAY in a report on Thursday, September 10 to “Hold” rating. On Thursday, January 28 the stock rating was maintained by Canaccord Genuity with “Hold”. The firm has “Hold” rating by Vetr given on Friday, August 21. The rating was maintained by Benchmark on Thursday, July 21 with “Buy”. The stock of eBay Inc (NASDAQ:EBAY) has “Buy” rating given on Wednesday, September 2 by Axiom Capital. Susquehanna initiated the stock with “Positive” rating in Monday, January 18 report. JP Morgan maintained the stock with “Neutral” rating in Thursday, September 24 report. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, August 27 report.

Insitutional Activity: The institutional sentiment increased to 0.87 in Q2 2016. Its up 0.15, from 0.72 in 2016Q1. The ratio improved, as 75 funds sold all eBay Inc shares owned while 273 reduced positions. 70 funds bought stakes while 234 increased positions. They now own 866.68 million shares or 7.44% less from 936.29 million shares in 2016Q1.
Smead Management owns 3.85 million shares or 4.24% of their US portfolio. Kerrisdale Advisers Ltd Llc holds 430,834 shares or 1.62% of its portfolio. Cap Fund Management, a France-based fund reported 241,588 shares. Renaissance Lc last reported 0.13% of its portfolio in the stock. Shinko Asset Company Limited has invested 0.02% of its portfolio in eBay Inc (NASDAQ:EBAY). Moreover, Mitchell Mcleod Pugh Williams Inc has 0.26% invested in eBay Inc (NASDAQ:EBAY) for 12,289 shares. Conning Incorporated holds 32,886 shares or 0.03% of its portfolio. The Florida-based Finemark Comml Bank And Tru has invested 0.02% in eBay Inc (NASDAQ:EBAY). Bluecrest Mngmt owns 94,925 shares or 0.09% of their US portfolio. Usca Ria Limited Liability Co last reported 9,376 shares in the company. Lsv Asset Mgmt holds 0.01% or 270,576 shares in its portfolio. Everence accumulated 30,293 shares or 0.22% of the stock. Gradient Invs Limited Liability Company, a Minnesota-based fund reported 350 shares. Cypress Cap Grp Inc accumulated 0.07% or 12,469 shares. Marco Invest Ltd Liability Corporation has 0.21% invested in the company for 48,098 shares.

Insider Transactions: Since April 29, 2016, the stock had 0 insider purchases, and 15 insider sales for $10.40 million net activity. Lee Jae Hyun also sold $527,426 worth of eBay Inc (NASDAQ:EBAY) shares. The insider SWAN ROBERT HOLMES sold 50,000 shares worth $1.53M. PITTMAN RAYMOND J had sold 39,030 shares worth $1.25 million. Doerger Brian J. sold $348,534 worth of stock or 14,474 shares. The insider Yetto Kristin A sold 10,630 shares worth $256,304. On Monday, July 25 TIERNEY THOMAS J sold $245,200 worth of the stock or 8,000 shares. $1.64M worth of eBay Inc (NASDAQ:EBAY) shares were sold by FISHER STEPHEN.

eBay Inc. is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The company has a market cap of $36.37 billion. The Firm helps in enabling commerce on its platforms for buyers and sellers online. It has a 19.46 P/E ratio. The Firm 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.

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