Is eBay Inc a Buy? The Stock Had Bullish Options Activity Today

 Is eBay Inc a Buy? The Stock Had Bullish Options Activity Today

In today’s session eBay Inc (EBAY) registered an unusually high (1,755) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious EBAY increase. With 1,755 contracts traded and 71944 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: EBAY170120C00031000 closed last at: $0.35 or 20.5% down. About 1.54M shares traded hands. eBay Inc (NASDAQ:EBAY) has risen 14.60% since April 5, 2016 and is uptrending. It has outperformed by 12.64% the S&P500.

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. $69 is the highest target while $22.50 is the lowest. The $32.33 average target is 14.44% above today’s ($28.25) stock price. eBay Inc has been the topic of 67 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Thursday, October 20 by Mizuho. The firm earned “Sector Perform” rating on Thursday, July 21 by RBC Capital Markets. Credit Suisse maintained the shares of EBAY in a report on Monday, April 18 with “Neutral” rating. The stock of eBay Inc (NASDAQ:EBAY) earned “Sector Perform” rating by RBC Capital Markets on Thursday, August 27. Morgan Stanley initiated it with “Equal Weight” rating and $29 target price in Thursday, July 23 report. JP Morgan maintained the shares of EBAY in a report on Thursday, September 24 with “Neutral” rating. The stock of eBay Inc (NASDAQ:EBAY) earned “Hold” rating by Jefferies on Wednesday, April 27. Evercore initiated the stock with “Hold” rating in Monday, August 17 report. The firm earned “Buy” rating on Saturday, August 22 by Bank of America. Stifel Nicolaus downgraded eBay Inc (NASDAQ:EBAY) on Tuesday, July 21 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 Q2 2016. Its up 0.15, from 0.72 in 2016Q1. The ratio is positive, 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.
Ubs Oconnor Ltd Liability reported 2.46M shares or 0% of all its holdings. Lc, a New Jersey-based fund reported 225,932 shares. Mizuho Asset Mngmt Coltd accumulated 14,500 shares or 0.06% of the stock. Schwerin Boyle Cap holds 86,000 shares or 0.29% of its portfolio. Tcw holds 0.02% of its portfolio in eBay Inc (NASDAQ:EBAY) for 115,891 shares. Grp Inc One Trading L P holds 0.01% or 42,362 shares in its portfolio. Blair William & Il holds 0.03% of its portfolio in eBay Inc (NASDAQ:EBAY) for 151,172 shares. Investec Asset Mgmt North America accumulated 372,517 shares or 1.28% of the stock. Commonwealth Equity Ser, a Massachusetts-based fund reported 64,143 shares. The Iowa-based Hills Fincl Bank Trust has invested 0.21% in eBay Inc (NASDAQ:EBAY). Amica Retiree Tru holds 0.16% of its portfolio in eBay Inc (NASDAQ:EBAY) for 7,890 shares. Public Sector Pension Inv Board holds 0.05% of its portfolio in eBay Inc (NASDAQ:EBAY) for 200,331 shares. Moreover, Bradley Foster Sargent Ct has 0.02% invested in eBay Inc (NASDAQ:EBAY) for 15,845 shares. Bluemountain Management Ltd owns 45,579 shares or 0.02% of their US portfolio. First Interstate State Bank holds 0% of its portfolio in eBay Inc (NASDAQ:EBAY) for 130 shares.

Insider Transactions: Since May 9, 2016, the stock had 1 insider purchase, and 14 sales for $10.80 million net activity. 11,768 shares were sold by Lee Jae Hyun, worth $364,827 on Monday, July 25. Shares for $1.25 million were sold by PITTMAN RAYMOND J. Another trade for 8,000 shares valued at $245,200 was made by TIERNEY THOMAS J on Monday, July 25. $541,834 worth of shares were sold by Yetto Kristin A on Monday, July 25. Shares for $480,650 were sold by Doerger Brian J. on Monday, May 9. The insider FISHER STEPHEN sold 53,389 shares worth $1.64M. The insider SWAN ROBERT HOLMES sold 50,000 shares worth $1.60 million.

eBay Inc. is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The company has a market cap of $31.45 billion. The Firm helps in enabling commerce on its platforms for buyers and sellers online. It has a 17.72 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: Fool.com which released: “Better Buy: eBay Inc vs. Overstock.com, Inc.” on November 03, 2016, also Bloomberg.com with their article: “EBay Tumbles After Lackluster Forecast for Holiday Shopping” published on October 20, 2016, Profitconfidential.com published: “EBAY Stock: Why eBay Inc (NASDAQ:EBAY) is Outdated” on October 21, 2016. More interesting news about eBay Inc (NASDAQ:EBAY) were released by: Businesswire.com and their article: “eBay Inc. Recommends Shareholders Reject “Mini-Tender” Offer by TRC Capital …” published on November 02, 2016 as well as Profitconfidential.com‘s news article titled: “eBay Inc: Will the New Strategies Work for EBAY Stock?” with publication date: October 21, 2016.

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