Today: The eBay Inc. (EBAY) Short Interest Down 19.3% in November

The eBay Inc. (EBAY) Short Interest Down 19.3% in November

eBay Inc. (NASDAQ:EBAY) was the target of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 16,688,342 shares, a decrease of 19.3% from the October 31st total of 20,688,433 shares. Currently, 1.6% of the company’s stock are short sold. Based on an average trading volume of 9,963,921 shares, the short-interest ratio is currently 1.7 days.

EBAY has been the topic of a number of analyst reports. Robert W. Baird reissued an “outperform” rating and set a $35.00 price objective on shares of eBay in a report on Monday, August 1st. Jefferies Group reissued a “hold” rating on shares of eBay in a report on Monday, August 1st. Cantor Fitzgerald reissued a “hold” rating on shares of eBay in a report on Sunday, August 14th. Goldman Sachs Group Inc. set a $34.00 price objective on eBay and gave the company a “buy” rating in a report on Tuesday, August 16th. Finally, Hilliard Lyons initiated coverage on eBay in a report on Tuesday, August 30th. They set a “long-term buy” rating and a $35.00 price objective on the stock. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $34.59.

In other news, CAO Brian J. Doerger sold 18,000 shares of the stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $28.93, for a total transaction of $520,740.00. Following the transaction, the chief accounting officer now owns 39,947 shares of the company’s stock, valued at approximately $1,155,666.71. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Logan Green acquired 1,000 shares of the stock in a transaction dated Wednesday, November 2nd. The shares were bought at an average cost of $28.32 per share, for a total transaction of $28,320.00. Following the acquisition, the director now owns 1,000 shares in the company, valued at approximately $28,320. The disclosure for this purchase can be found here. Insiders own 7.40% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in EBAY. RWC Asset Management LLP boosted its position in shares of eBay by 57.4% in the third quarter. RWC Asset Management LLP now owns 68,503 shares of the e-commerce company’s stock worth $2,254,000 after buying an additional 24,978 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of eBay during the third quarter worth approximately $7,230,000. Price T Rowe Associates Inc. MD boosted its position in shares of eBay by 0.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,019,332 shares of the e-commerce company’s stock worth $66,436,000 after buying an additional 6,937 shares during the last quarter. Quantitative Systematic Strategies LLC boosted its position in shares of eBay by 0.8% in the third quarter. Quantitative Systematic Strategies LLC now owns 9,445 shares of the e-commerce company’s stock worth $305,000 after buying an additional 79 shares during the last quarter. Finally, LPL Financial LLC boosted its position in shares of eBay by 476.4% in the third quarter. LPL Financial LLC now owns 50,010 shares of the e-commerce company’s stock worth $1,628,000 after buying an additional 41,334 shares during the last quarter. Institutional investors own 81.62% of the company’s stock.

eBay (NASDAQ:EBAY) opened at 28.95 on Monday. The firm has a market capitalization of $32.36 billion, a PE ratio of 18.59 and a beta of 1.33. eBay has a 1-year low of $21.51 and a 1-year high of $33.19. The firm has a 50-day moving average price of $29.41 and a 200-day moving average price of $28.39.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, October 19th. The e-commerce company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. eBay had a return on equity of 28.67% and a net margin of 20.29%. The firm earned $2.22 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the prior year, the company earned $0.43 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Equities analysts expect that eBay will post $1.88 earnings per share for the current fiscal year.

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