Could eBay Inc Change Direction After Today’s Bullish Options Activity?

 Could eBay Inc Change Direction After Today's Bullish Options Activity?

In today’s session eBay Inc (EBAY) registered an unusually high (385) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious EBAY increase. With 385 contracts traded and 20624 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: EBAY161021C00031000 closed last at: $1.53 or 1.3% up. About 7.75 million shares traded hands. eBay Inc (NASDAQ:EBAY) has risen 31.34% since March 14, 2016 and is uptrending. It has outperformed by 25.73% 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 $411.25M for 22.05 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 34 analysts covering eBay Inc (NASDAQ:EBAY), 14 rate it a “Buy”, 3 “Sell”, while 17 “Hold”. This means 41% are positive. eBay Inc has been the topic of 63 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of eBay Inc (NASDAQ:EBAY) earned “Buy” rating by Bank of America on Saturday, August 22. RBC Capital Markets maintained the shares of EBAY in a report on Thursday, October 22 with “Sector Perform” rating. The company was maintained on Thursday, October 22 by Topeka Capital Markets. Raymond James downgraded the stock to “Market Perform” rating in Thursday, July 23 report. The firm has “Buy” rating given on Wednesday, September 2 by Axiom Capital. The stock of eBay Inc (NASDAQ:EBAY) earned “Hold” rating by Canaccord Genuity on Thursday, January 28. The firm has “Buy” rating given on Thursday, June 23 by Maxim Group. The company was downgraded on Thursday, August 27 by Vetr. The firm has “Neutral” rating given on Monday, April 18 by Credit Suisse. TheStreet downgraded eBay Inc (NASDAQ:EBAY) on Friday, October 23 to “Hold” rating.

According to Zacks Investment Research, “eBay is one of the world’s largest online trading communities. eBay creates a powerful marketplace for the sale of goods and services by a passionate community of individuals and small businesses. eBay enables trade on a local, national and international basis with local sites in numerous markets in the United States and country-specific sites in the United Kingdom, Canada, Germany, Austria, France, Italy, Japan, Korea and Australia. (Company Press Release)”

Insitutional Activity: The institutional sentiment increased to 0.87 in 2016 Q2. 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.
Northern Capital Mngmt Ltd has 0.71% invested in the company for 67,760 shares. Meiji Yasuda Asset Mngmt Company Limited last reported 0.12% of its portfolio in the stock. Gamco Et Al has 0.1% invested in the company for 674,821 shares. Blackrock Management Limited Liability last reported 0.07% of its portfolio in the stock. Moreover, House Ltd Liability Com has 0.13% invested in eBay Inc (NASDAQ:EBAY) for 35,720 shares. North Star Mgmt last reported 1,245 shares in the company. New Mexico Educational Retirement Board has 0.13% invested in the company for 122,248 shares. The Texas-based Dimensional Fund Advsr Limited Partnership has invested 0.03% in eBay Inc (NASDAQ:EBAY). Exane Derivatives accumulated 14,875 shares or 0% of the stock. Art Advisors Lc accumulated 20,446 shares or 0.02% of the stock. Joel Isaacson And Ltd Llc last reported 134 shares in the company. Burt Wealth Advisors last reported 50 shares in the company. Rwc Asset Management Llp owns 43,525 shares or 0.07% of their US portfolio. Martingale Asset Management L P accumulated 0.39% or 1.01M shares. Riverpark Advisors Llc holds 47,438 shares or 0.54% of its portfolio.

Insider Transactions: Since April 29, 2016, the stock had 0 insider buys, and 15 insider sales for $10.40 million net activity. On Tuesday, May 24 Doerger Brian J. sold $348,534 worth of the stock or 14,474 shares. 50,000 eBay Inc (NASDAQ:EBAY) shares with value of $1.53 million were sold by SWAN ROBERT HOLMES. 8,000 shares with value of $245,200 were sold by TIERNEY THOMAS J on Monday, July 25. PITTMAN RAYMOND J had sold 39,030 shares worth $1.25M. Lee Jae Hyun had sold 5,625 shares worth $174,488 on Wednesday, August 24. Yetto Kristin A had sold 17,596 shares worth $541,834 on Monday, July 25. $1.64M worth of eBay Inc (NASDAQ:EBAY) was sold by FISHER STEPHEN on Monday, July 25.

eBay Inc. is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The company has a market cap of $36.28 billion. The Firm helps in enabling commerce on its platforms for buyers and sellers online. It has a 18.98 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.

EBAY Company Profile

eBay Inc. (eBay), incorporated on March 13, 1998, is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Firm helps in enabling commerce on its platforms for buyers and sellers online using desktop and laptop computers or mobile devices, such as smartphones and tablets. The Firm has created an open source platform that provides software developers and merchants an access to its application programming interfaces (APIs) for developing software and solutions for commerce.

More notable recent eBay Inc (NASDAQ:EBAY) news were published by: Investorplace.com which released: “Is the eBay Inc (EBAY) Stock Rally Built to Last?” on October 17, 2016, also Zacks.com with their article: “What’s in Store for eBay Inc. (EBAY) This Earnings Season?” published on October 17, 2016, Fool.com published: “Better Buy: eBay Inc. vs. Amazon.com” on October 04, 2016. More interesting news about eBay Inc (NASDAQ:EBAY) were released by: Profitconfidential.com and their article: “eBay Inc: This Could Push EBAY Stock Higher” published on October 06, 2016 as well as Bloomberg.com‘s news article titled: “How EBay’s CEO Plans to Take On Amazon” with publication date: September 19, 2016.

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