Short Interest in eBay Inc. (EBAY) Drops By 9.8%
eBay Inc. (NASDAQ:EBAY) was the recipient of a significant decline in short interest in the month of December. As of December 29th, there was short interest totalling 30,406,435 shares, a decline of 9.8% from the December 15th total of 33,722,506 shares. Approximately 3.1% of the company’s shares are sold short. Based on an average daily trading volume, of 6,274,489 shares, the short-interest ratio is currently 4.8 days.
Several research firms recently issued reports on EBAY. UBS Group set a $44.00 target price on eBay and gave the stock a “buy” rating in a research note on Thursday, January 11th. KeyCorp reissued a “hold” rating on shares of eBay in a research note on Wednesday, October 11th. BMO Capital Markets reissued a “market perform” rating and issued a $40.00 target price on shares of eBay in a research note on Wednesday, October 18th. Morgan Stanley set a $36.00 target price on eBay and gave the stock a “sell” rating in a research note on Friday. Finally, SunTrust Banks raised eBay from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and nineteen have given a buy rating to the company’s stock. eBay currently has a consensus rating of “Hold” and an average price target of $38.88.
In related news, SVP Stephen Fisher sold 69,406 shares of the firm’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $37.63, for a total value of $2,611,747.78. Following the sale, the senior vice president now directly owns 144,047 shares of the company’s stock, valued at $5,420,488.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Brian J. Doerger sold 4,359 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $35.75, for a total value of $155,834.25. Following the completion of the sale, the vice president now directly owns 23,392 shares in the company, valued at $836,264. The disclosure for this sale can be found here. In the last quarter, insiders sold 184,242 shares of company stock worth $6,842,297. Company insiders own 6.78% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Captrust Financial Advisors bought a new stake in shares of eBay in the 2nd quarter worth approximately $108,000. BB&T Investment Services Inc. bought a new stake in shares of eBay in the 2nd quarter worth approximately $119,000. Valeo Financial Advisors LLC purchased a new position in eBay in the 3rd quarter worth approximately $122,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in eBay in the 2nd quarter worth approximately $123,000. Finally, Westside Investment Management Inc. raised its holdings in eBay by 1.7% in the 2nd quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock worth $127,000 after acquiring an additional 60 shares during the last quarter. 85.93% of the stock is currently owned by hedge funds and other institutional investors.
Shares of eBay (EBAY) opened at $38.02 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.46 and a quick ratio of 2.46. eBay has a 12-month low of $29.69 and a 12-month high of $40.13. The company has a market capitalization of $39,710.00, a P/E ratio of 5.62, a PEG ratio of 2.64 and a beta of 1.34.
eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 EPS for the quarter, hitting analysts’ consensus estimates of $0.48. eBay had a return on equity of 15.69% and a net margin of 80.45%. The firm had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.37 billion. During the same period in the previous year, the firm posted $0.45 EPS. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. research analysts predict that eBay will post 1.65 earnings per share for the current year.
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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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