eBay Inc (NASDAQ:EBAY) declared a quarterly dividend on Wednesday, July 17th, RTT News reports. Investors of record on Tuesday, September 3rd will be given a dividend of 0.14 per share by the e-commerce company on Friday, September 20th. This represents a $0.56 annualized dividend and a dividend yield of 1.41%.
eBay has a payout ratio of 30.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect eBay to earn $2.37 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 23.6%.
NASDAQ:EBAY opened at $39.77 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.48 and a current ratio of 1.48. eBay has a one year low of $26.01 and a one year high of $42.00. The stock has a 50-day simple moving average of $38.88. The firm has a market capitalization of $34.02 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 1.91 and a beta of 1.35.
Several research analysts recently commented on EBAY shares. Benchmark boosted their price target on eBay from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday. UBS Group boosted their price target on W. R. Berkley from $53.00 to $56.00 and gave the stock a “sell” rating in a research note on Wednesday, April 24th. Barclays lowered their price objective on Waters from $218.00 to $210.00 and set an “equal weight” rating for the company in a report on Wednesday, April 24th. BMO Capital Markets boosted their price objective on Inflarx to $64.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Finally, BidaskClub lowered Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $41.46.
In other news, CEO Devin Wenig sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $39.75, for a total transaction of $397,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,039,610 shares of the company’s stock, valued at $41,324,497.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Scott F. Schenkel sold 89,707 shares of the stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $38.50, for a total value of $3,453,719.50. Following the completion of the transaction, the chief financial officer now directly owns 273,283 shares of the company’s stock, valued at $10,521,395.50. The disclosure for this sale can be found here. Insiders have sold 187,199 shares of company stock valued at $7,176,017 over the last ninety days. Corporate insiders own 6.22% of the company’s stock.
eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps 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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