eBay Inc. (NASDAQ:EBAY) Announces Quarterly Dividend of $0.29

eBay Inc. (NASDAQ:EBAY) declared a quarterly dividend on Wednesday, February 26th, RTT News reports. Investors of record on Friday, March 14th will be given a dividend of 0.29 per share by the e-commerce company on Friday, March 28th. This represents a $1.16 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from eBay’s previous quarterly dividend of $0.27.

eBay has raised its dividend payment by an average of 14.5% per year over the last three years. eBay has a payout ratio of 18.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect eBay to earn $4.20 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 25.7%.

eBay Trading Down 8.2 %

Shares of NASDAQ:EBAY opened at $63.48 on Friday. The firm has a market capitalization of $30.41 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. eBay has a 1 year low of $46.98 and a 1 year high of $71.61. The business’s 50 day moving average price is $66.23 and its 200-day moving average price is $63.66. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

Insider Activity at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value of $378,281.25. Following the completion of the transaction, the chief executive officer now owns 530,998 shares in the company, valued at $35,709,615.50. This represents a 1.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total transaction of $67,072.69. Following the sale, the chief financial officer now owns 65,080 shares in the company, valued at $4,225,644.40. This represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,149 shares of company stock worth $1,746,065. 0.38% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

EBAY has been the subject of several analyst reports. Barclays set a $72.00 target price on eBay and gave the company an “overweight” rating in a report on Thursday. Jefferies Financial Group downgraded eBay from a “hold” rating to an “underperform” rating and cut their price target for the stock from $60.00 to $52.00 in a report on Tuesday, December 10th. JMP Securities restated a “market perform” rating on shares of eBay in a research note on Monday, December 16th. JPMorgan Chase & Co. lifted their target price on shares of eBay from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Cantor Fitzgerald lifted their target price on eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $65.33.

eBay Company Profile

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.