eBay Inc (EBAY) Short Interest Update

eBay Inc (NASDAQ:EBAY) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 27,273,762 shares, a growth of 22.2% from the December 14th total of 22,315,398 shares. Approximately 3.0% of the company’s stock are short sold. Based on an average daily trading volume, of 14,661,133 shares, the short-interest ratio is currently 1.9 days.

Shares of EBAY stock opened at $30.41 on Friday. The firm has a market capitalization of $29.16 billion, a P/E ratio of 18.66, a PEG ratio of 1.50 and a beta of 1.23. eBay has a one year low of $26.01 and a one year high of $46.99. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.74 and a quick ratio of 1.74.

eBay (NASDAQ:EBAY) last issued its earnings results on Tuesday, October 30th. The e-commerce company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.54 by $0.02. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.65 billion. eBay had a positive return on equity of 23.65% and a negative net margin of 7.93%. eBay’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business earned $0.48 earnings per share. As a group, sell-side analysts predict that eBay will post 1.84 earnings per share for the current fiscal year.



In related news, VP Brian J. Doerger sold 3,526 shares of the stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $28.21, for a total value of $99,468.46. Following the transaction, the vice president now owns 37,664 shares in the company, valued at $1,062,501.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jae Hyun Lee sold 33,652 shares of the stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $29.23, for a total value of $983,647.96. Following the completion of the transaction, the senior vice president now owns 121,459 shares in the company, valued at approximately $3,550,246.57. The disclosure for this sale can be found here. Insiders sold 91,461 shares of company stock worth $2,643,165 in the last 90 days. 6.22% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of EBAY. First Republic Investment Management Inc. lifted its holdings in shares of eBay by 8.9% during the second quarter. First Republic Investment Management Inc. now owns 78,653 shares of the e-commerce company’s stock valued at $2,852,000 after acquiring an additional 6,427 shares during the period. Voya Investment Management LLC increased its position in eBay by 113.9% in the second quarter. Voya Investment Management LLC now owns 691,509 shares of the e-commerce company’s stock worth $25,074,000 after purchasing an additional 368,162 shares during the period. Morgan Stanley increased its position in eBay by 27.7% in the second quarter. Morgan Stanley now owns 4,771,501 shares of the e-commerce company’s stock worth $173,014,000 after purchasing an additional 1,035,305 shares during the period. Vident Investment Advisory LLC acquired a new stake in eBay in the second quarter worth about $414,000. Finally, Tower Research Capital LLC TRC increased its position in eBay by 3,108.2% in the second quarter. Tower Research Capital LLC TRC now owns 45,557 shares of the e-commerce company’s stock worth $1,652,000 after purchasing an additional 44,137 shares during the period. 83.48% of the stock is owned by institutional investors.

A number of equities analysts recently commented on EBAY shares. Robert W. Baird restated a “buy” rating and issued a $41.00 price objective on shares of eBay in a report on Wednesday, October 17th. Benchmark restated a “buy” rating and issued a $50.00 price objective on shares of eBay in a report on Tuesday, October 16th. Aegis restated a “buy” rating and issued a $44.00 price objective on shares of eBay in a report on Tuesday, October 23rd. Citigroup increased their price objective on eBay from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, October 31st. Finally, UBS Group lowered their price target on eBay from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Wednesday, October 31st. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and fourteen have given a buy rating to the company. eBay currently has a consensus rating of “Hold” and an average price target of $39.47.

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About eBay

eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

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