Chase Investment Counsel Corp Makes New $11.52 Million Investment in eBay Inc. $EBAY

Chase Investment Counsel Corp bought a new position in shares of eBay Inc. (NASDAQ:EBAY) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 103,103 shares of the e-commerce company’s stock, valued at approximately $11,521,000. eBay comprises 2.4% of Chase Investment Counsel Corp’s investment portfolio, making the stock its 15th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. HBK Sorce Advisory LLC acquired a new position in eBay during the 2nd quarter worth about $518,000. Global Retirement Partners LLC acquired a new stake in eBay in the 2nd quarter valued at about $1,027,000. 1ST Source Bank acquired a new stake in eBay in the 2nd quarter valued at about $767,000. Bank of New York Mellon Corp bought a new position in shares of eBay in the second quarter worth about $282,479,000. Finally, Focus Partners Advisor Solutions LLC bought a new position in shares of eBay in the second quarter worth about $963,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Jamie Iannone sold 11,110 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $109.59, for a total transaction of $1,217,544.90. Following the completion of the transaction, the chief executive officer directly owned 280,204 shares in the company, valued at approximately $30,707,556.36. The trade was a 3.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 50,000 shares of eBay stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $117.04, for a total transaction of $5,852,000.00. Following the transaction, the senior vice president directly owned 29,217 shares in the company, valued at $3,419,557.68. The trade was a 63.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 86,112 shares of company stock worth $9,837,076. Insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EBAY. Citizens Jmp cut shares of eBay from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 4th. JPMorgan Chase & Co. boosted their price objective on shares of eBay from $87.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Cantor Fitzgerald decreased their price objective on eBay from $110.00 to $106.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Arete Research lowered their target price on eBay from $113.00 to $111.00 and set a “neutral” rating for the company in a research note on Tuesday, May 26th. Finally, TD Cowen boosted their target price on eBay from $87.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, May 1st. Fourteen equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $117.09.

eBay Stock Performance

Shares of NASDAQ EBAY opened at $103.14 on Monday. The company’s 50 day simple moving average is $110.66 and its 200 day simple moving average is $102.06. eBay Inc. has a fifty-two week low of $78.03 and a fifty-two week high of $119.31. The firm has a market capitalization of $45.90 billion, a P/E ratio of 21.35, a P/E/G ratio of 2.49 and a beta of 1.37. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.02 and a quick ratio of 1.02.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.50 by $0.10. eBay had a net margin of 18.50% and a return on equity of 47.88%. The company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the previous year, the company posted $1.37 EPS. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. On average, analysts predict that eBay Inc. will post 4.87 EPS for the current year.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be issued a dividend of $0.31 per share. The ex-dividend date is Friday, August 28th. This represents a $1.24 dividend on an annualized basis and a yield of 1.2%. eBay’s dividend payout ratio (DPR) is 25.67%.

eBay Company Profile

eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.

The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.