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

eBay Inc. (NASDAQ:EBAY) declared a quarterly dividend on Monday, October 28th,RTT News reports. Investors of record on Friday, November 29th will be paid 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 dividend yield of 1.68%. The ex-dividend date is Friday, November 29th.

eBay has increased its dividend payment by an average of 16.0% annually over the last three years. eBay has a dividend payout ratio of 20.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect eBay to earn $4.23 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 25.5%.

eBay Stock Performance

Shares of NASDAQ EBAY opened at $64.31 on Thursday. The company has a market cap of $30.80 billion, a P/E ratio of 16.16, a P/E/G ratio of 1.70 and a beta of 1.34. eBay has a 52-week low of $40.16 and a 52-week high of $67.80. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The firm’s fifty day moving average is $63.59 and its two-hundred day moving average is $58.22.

Wall Street Analyst Weigh In

A number of research firms recently commented on EBAY. Wells Fargo & Company decreased their target price on eBay from $63.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. Citigroup upped their price objective on eBay from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. UBS Group cut their target price on shares of eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Jefferies Financial Group boosted their price target on shares of eBay from $58.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $62.00 price objective on shares of eBay in a research report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $62.87.

Insider Buying and Selling at eBay

In related news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the transaction, the chief financial officer now owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This represents a 26.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the sale, the senior vice president now directly owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. This trade represents a 5.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,016 shares of company stock valued at $3,015,417 in the last three months. Company insiders own 0.38% of the company’s stock.

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.