Chase Investment Counsel Corp Acquires 5,325 Shares of eBay Inc. $EBAY

Chase Investment Counsel Corp grew its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 5.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 100,002 shares of the e-commerce company’s stock after acquiring an additional 5,325 shares during the quarter. eBay accounts for approximately 2.4% of Chase Investment Counsel Corp’s holdings, making the stock its 11th biggest holding. Chase Investment Counsel Corp’s holdings in eBay were worth $9,102,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Cedar Mountain Advisors LLC raised its position in eBay by 128.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company’s stock worth $25,000 after purchasing an additional 156 shares during the period. High Point Wealth Management LLC bought a new stake in eBay in the fourth quarter worth $26,000. Abound Financial LLC bought a new stake in eBay in the fourth quarter worth $26,000. Cassaday & Co Wealth Management LLC purchased a new stake in eBay during the first quarter valued at about $26,000. Finally, Jessup Wealth Management Inc purchased a new stake in eBay during the fourth quarter valued at about $27,000. 87.48% of the stock is currently owned by institutional investors.

Key Headlines Impacting eBay

Here are the key news stories impacting eBay this week:

• Positive Sentiment: GameStop raised its eBay stake to nearly 10% (about 43.4 million shares), showing strong conviction and increasing the odds of continued strategic pressure on eBay. Article Title
• Positive Sentiment: Some investors may view the rejected bid and renewed buying as a sign that eBay’s shares could attract further takeover or activist interest, potentially supporting the stock. Article Title
• Neutral Sentiment: Multiple reports confirm the same core development: Ryan Cohen and GameStop expanded their eBay position after eBay’s board rejected a roughly $55.5 billion offer at $125 per share as “neither credible nor attractive.” The details reinforce the takeover narrative, but do not add new business fundamentals. Article Title
• Neutral Sentiment: Commentary framing the situation as an activist campaign rather than a straightforward acquisition suggests the story may create volatility, but the ultimate impact on eBay remains uncertain. Article Title
• Negative Sentiment: eBay’s board rejection of the offer signals management is not receptive to the current proposal, which reduces the chance of an immediate deal and may disappoint takeover traders. Article Title

Insider Activity

In related news, SVP Mazen Rawashdeh sold 50,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $117.04, for a total value of $5,852,000.00. Following the completion of the sale, the senior vice president owned 29,217 shares of the company’s stock, valued at $3,419,557.68. This trade represents a 63.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 Monday, July 6th. The shares were sold at an average price of $113.33, for a total transaction of $1,259,096.30. Following the completion of the sale, the chief executive officer owned 275,431 shares in the company, valued at approximately $31,214,595.23. This trade represents a 3.88% 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 three months, insiders have sold 76,012 shares of company stock valued at $8,747,852. Company insiders own 0.67% of the company’s stock.

eBay Price Performance

EBAY stock opened at $113.04 on Wednesday. The firm’s 50-day moving average price is $111.77 and its two-hundred day moving average price is $99.81. eBay Inc. has a 12-month low of $77.12 and a 12-month high of $119.31. The stock has a market capitalization of $50.19 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 2.52 and a beta of 1.37. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.36.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, April 29th. The e-commerce company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.08. eBay had a net margin of 17.58% and a return on equity of 46.11%. The company had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.04 billion. During the same period in the prior year, the business posted $1.38 earnings per share. eBay’s revenue for the quarter was up 19.5% on a year-over-year basis. eBay has set its Q2 2026 guidance at 1.090-1.140 EPS. As a group, equities analysts predict that eBay Inc. will post 4.87 earnings per share for the current year.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, May 29th. eBay’s dividend payout ratio (DPR) is currently 28.12%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on EBAY shares. Citigroup reiterated an “outperform” rating on shares of eBay in a report on Tuesday, July 14th. BNP Paribas Exane increased their target price on eBay from $97.00 to $110.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Morgan Stanley raised their price target on eBay to $117.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Truist Financial raised their price target on eBay from $94.00 to $105.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Finally, President Capital lifted their price target on eBay from $102.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Fourteen research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, eBay has an average rating of “Hold” and an average price target of $110.52.

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.