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EBAY

eBay

$32.52

0.88 (2.78%)

16:19
10/19/16
10/19
16:19
10/19/16
16:19

eBay reports Q3 GMV of $20.1B, up 5% on FX-neutral basis

eBay reports gross merchandise volume, or GMV, for the quarter ended September 30, 2016 of $20.1B, increasing 5% on a foreign exchange neutral basis and 3% on an as-reported basis. The company said: "In the third quarter, eBay added over one million active buyers across its platforms, to a total of 165 million global active buyers. Underlying total eBay Inc. performance, the Marketplace platforms delivered $19.0B of GMV and $1.8B of revenue. Marketplace revenue was up 5% on an FX-Neutral basis and 2% on an as-reported basis, driven by GMV growth of 4% on an FX-Neutral basis and 2% on an as-reported basis as well as growth in Marketing Services & Other revenue. StubHub had another strong quarter with GMV of $1.1 billion, up 23%, and revenue of $263 million, up 32%, aided by strength across concerts, theater and baseball as well as the continued benefit from ongoing product innovation. The Classifieds platforms delivered another quarter of good performance with revenue of $197 million, up 14% on an FX-Neutral basis and 11% on an as-reported basis, primarily driven by the Automotive and Real Estate verticals across several key geographies."

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EBAY eBay
$32.52

0.88 (2.78%)

10/13/16
WEDB
10/13/16
INITIATION
WEDB
Neutral
eBay coverage assumed with a Neutral at Wedbush
Wedbush analyst Aaron Turner says that eBay's e-commerce initiatives should help slow its market share erosion. However, the analyst prefers to keep a Neutral rating on the shares until the company shows that its "recent growth is sustainable and/or accelerating." Target to $34 from $29.
10/13/16
BARD
10/13/16
NO CHANGE
Target $35
BARD
Outperform
eBay sale of MercadoLibre stake adds financial flexibility, says Baird
Baird analyst Colin Sebastian said eBay's (EBAY) sale of a majority of its investment stake in MercadoLibre (MELI) will provide eBay with both financial and strategic flexibility. The analyst believes the capital will allow eBay to increase share buybacks, make strategic acquisitions, or expand more aggressively in Latin America under a new strategic agreement with MercadoLibre. Sebastian maintained his Outperform rating and $35 price target on eBay shares.
10/13/16
10/13/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Aaron's (AAN) initiated with a Buy at Jefferies. 2. eBay (EBAY) and Etsy (ETSY) coverage assumed with a Neutral at Wedbush. 3. Five Below (FIVE) and Dollar Tree (DLTR) were initiated with an Overweight at KeyBanc while the firm initiated Dollar General (DG) with a Sector Weight. 4. Baxter (BAX) initiated with an Outperform at Wells Fargo. 5. Symantec (SYMC) initiated with an Outperform at FBN Securities. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/13/16
SBSH
10/13/16
NO CHANGE
Target $83.5
SBSH
Sell
eBay stake sale creates 'large overhang' for MercadoLibre, says Citi
Citi analyst Lucio Aldworth sees several reasons why eBay's (EBAY) sale of a majority of its stake in MercadoLibre (MELI) creates a "large overhang" on the latter's shares. Namely, he believes the market has always seen eBay as a plausible candidate to take over MercadoLibre, but he thinks this action should remove any M&A premium currently priced into the stock. Additionally, Aldworth notes that eBay said its commitment to Latin America e-commerce remains unchanged, which could mean it will eventually enter the market directly, intensifying competition for MercadoLibre. Aldworth keeps a Sell rating on MercadoLibre shares, which are down 8% in early trading to $168.40.

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NVDA

NVIDIA

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OncoSec

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MGEN

Miragen Therapeutics

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MTG

MGIC Investment

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MGIC Investment with 11.5X average daily optoin volume driven by a bullish play »

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WLL

Whiting Petroleum

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-0.09 (-0.81%)

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Whiting Petroleum call volume above normal and directionally bullish »

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SPWR

SunPower

$8.99

0.53 (6.26%)

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IDRA

Idera Pharmaceuticals

$1.73

0.05 (2.98%)

11:33
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Idera says achieved 'successful' completion of objectives in Phase 1 trial »

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TRIL

Trillium Therapeutics

$5.90

-0.1 (-1.67%)

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Trillium Therapeutics: New TTI-621 data advances understanding of product »

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VISI

Volt Information Sciences

$7.35

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Cross Country Healthcare

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VISI

Volt Information Sciences

$7.35

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CCRN

Cross Country Healthcare

$15.89

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MCO

Moody's

$112.59

-0.64 (-0.57%)

11:31
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Leerink analysts hold an analyst/industry conference call »

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VIVHY

Vivendi

$17.95

-0.06 (-0.33%)

, MDIUY

Mediaset

11:28
02/24/17
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Milan prosecutors investigating Vivendi over alleged stock manipulation, FT says »

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VIVHY

Vivendi

$17.95

-0.06 (-0.33%)

MDIUY

Mediaset

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FSLR

First Solar

$37.19

3.62 (10.78%)

11:26
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First Solar call volume above normal and directionally bullish »

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GS

Goldman Sachs

$247.19

-4 (-1.59%)

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ALNY

Alnylam

$46.25

0.3 (0.65%)

11:22
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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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NYSE market internals summary »

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MBLY

Mobileye

$46.96

-1.18 (-2.45%)

11:16
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Options
Mobileye put volume heavy and directionally bearish »

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HBI

Hanesbrands

$20.96

0.04 (0.19%)

11:12
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Conference/Events
Hanesbrands management to meet with Oppenheimer »

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WIX

Wix.com

$63.25

-2.3 (-3.51%)

11:10
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Conference/Events
Wix.com management to meet with Oppenheimer »

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SNCR

Synchronoss

$30.86

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11:09
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RXN

Rexnord

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11:08
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Conference/Events
Rexnord management to meet with Oppenheimer »

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