Chase Investment Counsel Corp Takes Position in eBay Inc. $EBAY

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

Several other hedge funds have also recently added to or reduced their stakes in the business. Allworth Financial LP boosted its holdings in eBay by 62.6% in the 4th quarter. Allworth Financial LP now owns 23,108 shares of the e-commerce company’s stock valued at $2,013,000 after purchasing an additional 8,899 shares during the period. North Dakota State Investment Board bought a new position in shares of eBay during the 4th quarter worth about $1,809,000. Eurizon Capital SGR S.p.A. bought a new position in shares of eBay during the 4th quarter worth about $9,368,000. Jefferies Financial Group Inc. acquired a new position in shares of eBay during the fourth quarter valued at about $1,209,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its position in shares of eBay by 904.3% during the fourth quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 283,215 shares of the e-commerce company’s stock valued at $24,668,000 after buying an additional 255,015 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling at eBay

In other eBay news, SVP Mazen Rawashdeh sold 1,919 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $108.51, for a total transaction of $208,230.69. Following the completion of the transaction, the senior vice president directly owned 32,124 shares in the company, valued at $3,485,775.24. This represents a 5.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of eBay stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $108.55, for a total value of $1,205,990.50. Following the transaction, the chief executive officer directly owned 253,211 shares of the company’s stock, valued at approximately $27,486,054.05. The trade was a 4.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 86,112 shares of company stock worth $9,837,076 over the last three months. Company insiders own 0.67% of the company’s stock.

eBay Stock Performance

NASDAQ:EBAY opened at $103.14 on Monday. The firm has a market capitalization of $45.90 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 2.49 and a beta of 1.37. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.10. eBay Inc. has a 12-month low of $78.03 and a 12-month high of $119.31. The firm has a 50-day moving average price of $110.66 and a 200 day moving average price of $102.06.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.10. eBay had a return on equity of 47.88% and a net margin of 18.50%.The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the previous year, the business earned $1.37 earnings per share. The company’s quarterly revenue was up 14.8% on a year-over-year basis. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Research analysts anticipate that eBay Inc. will post 4.87 earnings per share for the current fiscal year.

eBay Announces Dividend

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

Analyst Upgrades and Downgrades

EBAY has been the topic of a number of recent research reports. Morgan Stanley reissued an “overweight” rating and set a $127.00 target price on shares of eBay in a research report on Thursday, August 6th. Robert W. Baird set a $126.00 price objective on eBay in a research report on Thursday, August 6th. The Goldman Sachs Group lifted their price objective on eBay from $88.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Wall Street Zen upgraded eBay from a “hold” rating to a “buy” rating in a research report on Sunday, April 26th. Finally, President Capital upped their target price on eBay from $102.00 to $126.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Fourteen research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $117.09.

eBay 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.