eBay Inc. (EBAY) to Issue Quarterly Dividend of $0.16 on December 18th

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eBay Inc. (NASDAQ:EBAY) declared a quarterly dividend on Wednesday, October 28th, Zacks reports. Shareholders of record on Tuesday, December 1st will be paid a dividend of 0.16 per share by the e-commerce company on Friday, December 18th. This represents a $0.64 annualized dividend and a yield of 1.34%. The ex-dividend date is Monday, November 30th.

NASDAQ EBAY traded down $1.36 during trading hours on Friday, hitting $47.92. The company had a trading volume of 138,410 shares, compared to its average volume of 11,478,935. eBay has a 52 week low of $26.02 and a 52 week high of $61.06. The firm has a 50 day simple moving average of $52.77 and a 200 day simple moving average of $50.24. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.58 and a current ratio of 1.58. The firm has a market capitalization of $34.49 billion, a price-to-earnings ratio of 7.44, a PEG ratio of 1.42 and a beta of 1.33.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, October 28th. The e-commerce company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.72 by $0.13. eBay had a return on equity of 77.65% and a net margin of 46.91%. During the same period in the prior year, the company posted $0.67 earnings per share. On average, research analysts forecast that eBay will post 3.04 earnings per share for the current year.

In other eBay news, CAO Brian J. Doerger sold 26,719 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $56.32, for a total value of $1,504,814.08. Following the sale, the chief accounting officer now directly owns 28,489 shares of the company’s stock, valued at $1,604,500.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Marie Oh Huber sold 53,869 shares of the business’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $55.31, for a total value of $2,979,494.39. Following the completion of the sale, the senior vice president now directly owns 55,929 shares in the company, valued at $3,093,432.99. The disclosure for this sale can be found here. Insiders sold 152,432 shares of company stock worth $8,625,544 over the last three months. Corporate insiders own 5.02% of the company’s stock.

EBAY has been the subject of a number of research analyst reports. Guggenheim lifted their price target on eBay from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Royal Bank of Canada lifted their price target on eBay from $45.00 to $57.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 29th. Stifel Nicolaus lifted their price target on eBay from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Barclays raised their price objective on eBay from $77.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Finally, Wells Fargo & Company raised their price objective on eBay from $50.00 to $58.00 and gave the company an “equal weight” rating in a report on Wednesday, July 22nd. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $60.64.

eBay Company Profile

eBay Inc operates the marketplace and classifieds platforms that connect buyers and sellers worldwide. Its Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps; and Classifieds platform comprises a collection of brands, such as Mobile.de, Kijiji, Gumtree, Marktplaats, eBay Kleinanzeigen, and others that offer online classifieds to help people find what they are looking for in their local communities.

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Dividend History for eBay (NASDAQ:EBAY)

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