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

Chase Investment Counsel Corp lessened its stake in shares of eBay Inc. (NASDAQ:EBAY) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,278 shares of the e-commerce company’s stock after selling 924 shares during the quarter. eBay comprises approximately 2.0% of Chase Investment Counsel Corp’s portfolio, making the stock its 14th biggest position. Chase Investment Counsel Corp’s holdings in eBay were worth $6,150,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EBAY. Golden State Wealth Management LLC purchased a new stake in shares of eBay during the fourth quarter worth approximately $27,000. Quarry LP purchased a new stake in shares of eBay during the third quarter worth approximately $36,000. New Wave Wealth Advisors LLC purchased a new stake in shares of eBay during the fourth quarter worth approximately $36,000. Versant Capital Management Inc raised its stake in shares of eBay by 115.5% during the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after purchasing an additional 448 shares during the last quarter. Finally, FSA Wealth Management LLC purchased a new stake in shares of eBay during the third quarter worth approximately $55,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on EBAY shares. Mizuho upped their price objective on eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Morgan Stanley upped their price objective on eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Wedbush started coverage on eBay in a report on Monday, December 9th. They set a “neutral” rating and a $70.00 price objective on the stock. BMO Capital Markets upped their price objective on eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a report on Thursday. Finally, Benchmark upped their price objective on eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, eBay presently has a consensus rating of “Hold” and an average target price of $65.33.

eBay Stock Performance

NASDAQ EBAY opened at $64.74 on Friday. The business’s 50-day moving average price is $66.22 and its 200 day moving average price is $63.73. eBay Inc. has a twelve month low of $47.06 and a twelve month high of $71.61. The company has a market capitalization of $31.01 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.79%. eBay’s dividend payout ratio is 29.07%.

Insider Buying and Selling

In related news, CFO Stephen J. Priest sold 5,252 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $63.63, for a total transaction of $334,184.76. Following the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,141,040.40. This represents a 7.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value of $378,281.25. Following the completion of the transaction, the chief executive officer now owns 530,998 shares in the company, valued at approximately $35,709,615.50. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,149 shares of company stock worth $1,746,065. 0.38% of the stock is 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.