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

eBay Inc. (NASDAQ:EBAY - Get Free Report) announced a quarterly dividend on Wednesday, April 30th, RTT News reports. Investors of record on Friday, May 30th will be paid a dividend of 0.29 per share by the e-commerce company on Friday, June 13th. This represents a $1.16 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Friday, May 30th.

eBay has increased its dividend payment by an average of 14.5% annually over the last three years. eBay has a payout ratio of 20.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect eBay to earn $4.20 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 27.6%.

eBay Price Performance

EBAY traded up $0.93 on Friday, reaching $68.60. The stock had a trading volume of 5,892,928 shares, compared to its average volume of 4,967,932. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay has a fifty-two week low of $49.25 and a fifty-two week high of $71.61. The company has a market capitalization of $31.97 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. The firm has a 50-day moving average of $65.83 and a 200-day moving average of $65.00.

eBay (NASDAQ:EBAY - Get Free Report) last issued its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates of $1.34 by $0.04. eBay had a return on equity of 30.97% and a net margin of 19.68%. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the previous year, the company posted $1.25 earnings per share. The firm's revenue for the quarter was up 1.1% on a year-over-year basis. As a group, sell-side analysts anticipate that eBay will post 3.86 EPS for the current year.

Analysts Set New Price Targets

EBAY has been the subject of several research analyst reports. Evercore ISI lifted their price target on eBay from $63.00 to $69.00 and gave the stock an "in-line" rating in a research note on Thursday. Piper Sandler raised their target price on eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a research note on Thursday. Wells Fargo & Company raised their target price on shares of eBay from $62.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Thursday. Truist Financial increased their price objective on eBay from $62.00 to $68.00 and gave the stock a "hold" rating in a report on Thursday. Finally, Cantor Fitzgerald boosted their price target on eBay from $65.00 to $69.00 and gave the stock a "neutral" rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $67.12.

Insider Buying and Selling

In related news, CEO Jamie Iannone sold 5,625 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the sale, the chief executive officer now directly owns 530,998 shares of the company's stock, valued at approximately $35,709,615.50. This represents a 1.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Cornelius Boone sold 3,958 shares of the business's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the transaction, the senior vice president now directly owns 94,392 shares in the company, valued at approximately $6,329,927.52. The trade was a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,310 shares of company stock worth $3,121,626 in the last ninety days. Insiders own 0.38% of the company's stock.

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.