eBay Inc. (EBAY) Short Interest Update
eBay Inc. (NASDAQ:EBAY) saw a significant growth in short interest in November. As of November 30th, there was short interest totalling 31,236,877 shares, a growth of 22.6% from the November 15th total of 25,485,405 shares. Based on an average daily trading volume, of 9,228,743 shares, the days-to-cover ratio is currently 3.4 days. Currently, 3.2% of the company’s shares are sold short.
A number of research firms have recently issued reports on EBAY. BidaskClub raised shares of eBay from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Evercore ISI began coverage on shares of eBay in a research report on Tuesday, December 5th. They issued an “in-line” rating and a $36.00 price target for the company. They noted that the move was a valuation call. BMO Capital Markets raised shares of eBay from a “market perform” rating to an “outperform” rating and set a $40.00 price target for the company in a research report on Monday, December 4th. SunTrust Banks reissued a “hold” rating and issued a $38.00 price target on shares of eBay in a research report on Friday, November 17th. Finally, Guggenheim began coverage on shares of eBay in a research report on Friday, October 20th. They issued a “neutral” rating for the company. Two analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eighteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $38.51.
eBay (NASDAQ:EBAY) opened at $38.37 on Monday. The firm has a market cap of $40,080.19, a P/E ratio of 23.98, a P/E/G ratio of 2.94 and a beta of 1.33. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.82. eBay has a 52-week low of $29.01 and a 52-week high of $39.28.
In other eBay news, SVP Stephen Fisher sold 69,406 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $37.63, for a total transaction of $2,611,747.78. Following the completion of 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 is available through this link. Also, SVP Marie Oh Huber sold 72,417 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $37.53, for a total transaction of $2,717,810.01. Following the sale, the senior vice president now directly owns 101,589 shares of the company’s stock, valued at $3,812,635.17. The disclosure for this sale can be found here. Insiders have sold 184,242 shares of company stock valued at $6,842,297 over the last ninety days. Insiders own 6.78% of the company’s stock.
A number of hedge funds have recently made changes to their positions in EBAY. Captrust Financial Advisors acquired a new position in eBay during the second quarter valued at approximately $108,000. BB&T Investment Services Inc. acquired a new position in eBay during the second quarter valued at approximately $119,000. Valeo Financial Advisors LLC acquired a new position in eBay during the third quarter valued at approximately $122,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in eBay during the second quarter valued at approximately $123,000. Finally, Westside Investment Management Inc. grew its holdings in eBay by 1.7% during the second quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock valued at $127,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 86.06% of the company’s stock.
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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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