eBay Inc. (NASDAQ:EBAY) Declares $0.27 Quarterly Dividend

eBay Inc. (NASDAQ:EBAY) announced a quarterly dividend on Wednesday, October 30th, RTT News reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.27 per share by the e-commerce company on Friday, December 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.72%.

eBay has increased its dividend by an average of 16.0% per year over the last three years. eBay has a payout ratio of 20.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect eBay to earn $4.08 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 26.5%.

eBay Stock Down 0.2 %

Shares of EBAY opened at $62.63 on Thursday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $31.44 billion, a PE ratio of 12.48, a P/E/G ratio of 2.45 and a beta of 1.32. The firm’s 50 day moving average is $63.03 and its 200-day moving average is $56.67. eBay has a 12 month low of $37.17 and a 12 month high of $67.80.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, meeting the consensus estimate of $0.88. eBay had a net margin of 26.41% and a return on equity of 29.69%. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.53 billion. Equities research analysts forecast that eBay will post 3.86 EPS for the current year.

Insider Buying and Selling at eBay

In other news, CFO Stephen J. Priest sold 1,167 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total value of $77,757.21. Following the sale, the chief financial officer now directly owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the completion of the transaction, the chief financial officer now owns 65,079 shares of the company’s stock, valued at $4,336,213.77. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the sale, the senior vice president now directly owns 70,113 shares in the company, valued at $4,530,000.93. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,391 shares of company stock valued at $2,678,424. 0.38% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

EBAY has been the topic of several recent analyst reports. Citigroup lifted their price target on eBay from $64.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Morgan Stanley lifted their target price on eBay from $65.00 to $71.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Needham & Company LLC reissued a “buy” rating and issued a $72.00 target price on shares of eBay in a report on Thursday. Wolfe Research started coverage on shares of eBay in a report on Tuesday, July 16th. They set a “peer perform” rating on the stock. Finally, Benchmark reiterated a “buy” rating and set a $65.00 price objective on shares of eBay in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, eBay currently has a consensus rating of “Hold” and an average target price of $62.14.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.