eBay Inc. (NASDAQ:EBAY – Get Rating) declared a quarterly dividend on Wednesday, May 4th, RTT News reports. Shareholders of record on Wednesday, June 1st will be given a dividend of 0.22 per share by the e-commerce company on Friday, June 17th. This represents a $0.88 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Tuesday, May 31st.
eBay has a payout ratio of 18.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect eBay to earn $3.92 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 22.4%.
EBAY traded down $0.66 during midday trading on Tuesday, reaching $48.60. The company had a trading volume of 594,513 shares, compared to its average volume of 7,181,505. The company has a quick ratio of 1.97, a current ratio of 1.48 and a debt-to-equity ratio of 0.93. The business has a 50-day moving average of $54.51 and a two-hundred day moving average of $61.68. The company has a market cap of $27.57 billion, a P/E ratio of 2.85, a P/E/G ratio of 1.26 and a beta of 1.15. eBay has a 1 year low of $47.03 and a 1 year high of $81.19.
In other eBay news, SVP Pete Thompson sold 49,523 shares of the business’s stock in a transaction that occurred on Thursday, March 17th. The stock was sold at an average price of $54.45, for a total transaction of $2,696,527.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC acquired a new position in eBay during the fourth quarter worth $26,000. SkyView Investment Advisors LLC purchased a new position in eBay in the fourth quarter valued at $40,000. First Community Trust NA purchased a new position in eBay in the fourth quarter valued at $76,000. Zullo Investment Group Inc. purchased a new position in eBay in the fourth quarter valued at $115,000. Finally, Forum Financial Management LP purchased a new position in eBay in the fourth quarter valued at $213,000. Institutional investors own 88.99% of the company’s stock.
EBAY has been the subject of a number of analyst reports. Credit Suisse Group restated a “buy” rating and issued a $68.00 price target on shares of eBay in a research report on Friday, March 11th. Susquehanna cut their target price on eBay from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday, February 25th. Stifel Nicolaus cut their target price on eBay from $70.00 to $62.00 in a research report on Thursday, May 5th. Piper Sandler cut their price target on eBay from $68.00 to $63.00 in a report on Thursday, May 5th. Finally, Wells Fargo & Company lowered their price objective on eBay from $65.00 to $58.00 in a research note on Friday. Fourteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $67.76.
eBay Company Profile (Get Rating)
eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, directories, search engines, commerce participants, shopping channels, and networks.
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