Chase Investment Counsel Corp Takes Position in eBay Inc. (NASDAQ:EBAY)

Chase Investment Counsel Corp bought a new stake in eBay Inc. (NASDAQ:EBAY - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 100,202 shares of the e-commerce company's stock, valued at approximately $6,524,000. eBay makes up 2.2% of Chase Investment Counsel Corp's portfolio, making the stock its 8th largest holding.

Other large investors have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. increased its position in shares of eBay by 24.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 21,398 shares of the e-commerce company's stock valued at $1,129,000 after acquiring an additional 4,208 shares during the last quarter. Sei Investments Co. raised its stake in shares of eBay by 37.8% during the 1st quarter. Sei Investments Co. now owns 277,754 shares of the e-commerce company's stock worth $14,660,000 after purchasing an additional 76,201 shares in the last quarter. Meeder Advisory Services Inc. bought a new stake in shares of eBay during the 1st quarter worth approximately $228,000. ProShare Advisors LLC grew its stake in shares of eBay by 18.5% in the first quarter. ProShare Advisors LLC now owns 287,562 shares of the e-commerce company's stock valued at $15,178,000 after buying an additional 44,839 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its stake in shares of eBay by 3.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 744,691 shares of the e-commerce company's stock worth $39,305,000 after purchasing an additional 25,593 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on EBAY shares. StockNews.com cut eBay from a "buy" rating to a "hold" rating in a research note on Monday. TD Cowen upped their price objective on eBay from $45.00 to $54.00 and gave the company a "hold" rating in a report on Friday, October 25th. Bank of America dropped their target price on eBay from $67.00 to $64.00 and set a "neutral" rating for the company in a report on Thursday, October 31st. Morgan Stanley upped their price target on shares of eBay from $65.00 to $71.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of eBay from $60.00 to $58.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, eBay has a consensus rating of "Hold" and a consensus target price of $62.87.

eBay Price Performance

Shares of NASDAQ EBAY traded up $0.49 during midday trading on Wednesday, reaching $61.99. 2,668,068 shares of the company were exchanged, compared to its average volume of 5,421,605. eBay Inc. has a one year low of $38.97 and a one year high of $67.80. The stock has a market cap of $29.69 billion, a P/E ratio of 15.47, a PEG ratio of 2.02 and a beta of 1.34. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock's 50-day moving average price is $63.37 and its 200-day moving average price is $57.34.

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Friday, November 29th. eBay's dividend payout ratio (DPR) is currently 27.14%.

Insider Buying and Selling at eBay

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the company's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the sale, the chief financial officer now owns 70,332 shares in the company, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other eBay news, SVP Cornelius Boone sold 3,974 shares of the firm's stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the transaction, the senior vice president now directly owns 70,113 shares in the company, valued at approximately $4,530,000.93. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the sale, the chief financial officer now directly owns 70,332 shares of the company's stock, valued at $4,494,918.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,016 shares of company stock worth $3,015,417. 0.38% of the stock is currently owned by company insiders.

eBay Profile

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.