eBay Inc. (EBAY) To Go Ex-Dividend on August 30th

eBay Inc. (NASDAQ:EBAY) announced a quarterly dividend on Monday, July 29th, Zacks reports. Shareholders of record on Friday, August 30th will be given a dividend of 0.27 per share by the e-commerce company on Friday, September 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Friday, August 30th.

eBay has increased its dividend by an average of 16.0% annually over the last three years. eBay has a payout ratio of 20.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect eBay to earn $3.98 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 27.1%.

eBay Price Performance

Shares of EBAY opened at $59.37 on Wednesday. The firm has a market capitalization of $29.80 billion, a price-to-earnings ratio of 11.83, a price-to-earnings-growth ratio of 2.58 and a beta of 1.31. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.99 and a current ratio of 1.25. eBay has a one year low of $37.17 and a one year high of $59.85. The stock’s fifty day moving average is $54.90 and its 200-day moving average is $52.10.

Insider Activity

In other news, SVP Julie A. Loeger sold 7,419 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $54.20, for a total transaction of $402,109.80. Following the sale, the senior vice president now directly owns 70,797 shares in the company, valued at $3,837,197.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, SVP Julie A. Loeger sold 7,419 shares of the business’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $54.20, for a total value of $402,109.80. Following the sale, the senior vice president now owns 70,797 shares of the company’s stock, valued at approximately $3,837,197.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Rebecca Spencer sold 2,083 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $53.62, for a total value of $111,690.46. Following the completion of the sale, the chief accounting officer now directly owns 4,109 shares in the company, valued at approximately $220,324.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,488 shares of company stock worth $565,910. Company insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

EBAY has been the topic of a number of research analyst reports. Jefferies Financial Group raised their price target on eBay from $50.00 to $55.00 and gave the company a “hold” rating in a report on Thursday, May 30th. Benchmark raised their price target on eBay from $58.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Piper Sandler reissued an “overweight” rating and set a $64.00 price target (up from $58.00) on shares of eBay in a report on Thursday, August 1st. Daiwa America raised eBay to a “hold” rating in a report on Wednesday, August 14th. Finally, JPMorgan Chase & Co. began coverage on eBay in a report on Tuesday, June 25th. They set a “neutral” rating and a $60.00 target price on the stock. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $56.65.

About eBay

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.