J. W. Burns & Company cut its stake in shares of eBay Inc (NASDAQ:EBAY) by 12.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,687 shares of the e-commerce company’s stock after selling 6,682 shares during the period. J. W. Burns & Company’s holdings in eBay were worth $1,338,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Gerstein Fisher raised its stake in shares of eBay by 51.0% in the third quarter. Gerstein Fisher now owns 9,849 shares of the e-commerce company’s stock valued at $241,000 after buying an additional 3,328 shares in the last quarter. Capital Investment Services of America raised its position in eBay by 2.3% in the fourth quarter. Capital Investment Services of America now owns 214,854 shares of the e-commerce company’s stock valued at $5,904,000 after buying an additional 4,788 shares during the period. ING Groep raised its position in eBay by 65.0% in the third quarter. ING Groep now owns 20,813 shares of the e-commerce company’s stock valued at $508,000 after buying an additional 8,199 shares during the period. KBC Group raised its position in eBay by 1.7% in the third quarter. KBC Group now owns 590,831 shares of the e-commerce company’s stock valued at $14,440,000 after buying an additional 10,072 shares during the period. Finally, River & Mercantile Asset Management bought a new position in eBay during the fourth quarter valued at approximately $1,989,000.

eBay Inc (NASDAQ:EBAY) traded up 1.30% during midday trading on Friday, hitting $26.43. 10,446,999 shares of the company traded hands. eBay Inc has a 12-month low of $22.11 and a 12-month high of $29.83. The company has a market capitalization of $31.73 billion and a price-to-earnings ratio of 14.37. The stock’s 50-day moving average price is $27.20 and its 200 day moving average price is $27.15.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, October 21st. The e-commerce company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. The business earned $2.10 billion during the quarter, compared to analyst estimates of $2.09 billion. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 earnings per share. On average, equities analysts forecast that eBay Inc will post $1.83 EPS for the current year.

Several equities analysts have recently commented on the company. Cantor Fitzgerald reaffirmed a “hold” rating and set a $27.00 target price on shares of eBay in a report on Friday. Jyske Bank assumed coverage on eBay in a report on Wednesday. They set a “strong-buy” rating and a $33.00 target price for the company. Susquehanna reaffirmed a “buy” rating on shares of eBay in a report on Saturday, January 16th. Zacks Investment Research raised eBay from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Wednesday, January 13th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $33.00 target price on shares of eBay in a report on Monday, January 4th. Two research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. eBay presently has an average rating of “Hold” and a consensus target price of $49.93.

In other eBay news, SVP Jae Hyun Lee sold 20,000 shares of eBay stock in a transaction on Monday, November 30th. The shares were sold at an average price of $29.25, for a total value of $585,000.00. Following the sale, the senior vice president now directly owns 88,534 shares in the company, valued at approximately $2,589,619.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Stephen Fisher sold 78,775 shares of eBay stock in a transaction on Monday, October 26th. The shares were sold at an average price of $27.90, for a total transaction of $2,197,822.50. Following the completion of the sale, the senior vice president now owns 15,051 shares in the company, valued at $419,922.90. The disclosure for this sale can be found here.

eBay Inc.(NASDAQ:EBAY) is a global technology company. The Company has created an open source platform that provides software developers and merchants access to its applications programming interfaces (APIs), to develop software and solutions for commerce. The Company enables commerce through two segments: Marketplaces and Payments. The Company’s Marketplaces segment includes its ebay.com platform and its localized counterparts and its other online platforms, such as its online classifieds sites and StubHub. The Company’s Payments segment consists of its PayPal business.

12 Month Chart for NASDAQ:EBAY

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