eBay speeds up payment transfers

Article Excerpt

EBAY INC. $67 is a buy. The company (Nasdaq symbol EBAY; Aggressive Growth Portfolio; Finance sector; Shares outstanding: 466.0 million; Market cap: $31.2 billion; Price-to-sales ratio: 3.3; Dividend yield: 1.7%; TSINetwork Rating: Above Average; www.ebay.com) operates e-commerce websites in over 190 countries, where sellers pay fees to auction items or offer them at fixed prices. The company has formed a new alliance with online payment processor Checkout.com. The deal should speed up the transfer of funds between eBay’s customers, credit card providers and banks. That should help spur transaction volumes and eBay’s revenue. The company will probably earn $5.28 a share in 2025, and the stock trades at just 12.7 times that estimate. eBay also raised your quarterly dividend by 7.4% with the March 2025 payment. The new annual rate of $1.16 yields 1.7%. eBay is a buy. buy…