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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.

TODAY'S FREE FLY STORIES

NORD

Nord Anglia

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AKS

AK Steel

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-0.72 (-10.11%)

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CMG

Chipotle

$471.76

2.97 (0.63%)

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SHOP

Shopify

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0.82 (1.08%)

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ALGT

Allegiant Travel

$163.85

-1.2 (-0.73%)

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DYN

Dynegy

$6.19

-0.11 (-1.75%)

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RSPP

RSP Permian

$38.69

1.32 (3.53%)

05:33
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CPE

Callon Petroleum

$12.24

0.39 (3.29%)

05:32
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LOGI

Logitech

$31.79

0.99 (3.21%)

05:32
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Earnings
Logitech backs FY18 outlook of high single-digit retail sales growth »

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FSNN

Fusion Telecommunications

$1.43

0.01 (0.70%)

05:31
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LOGI

Logitech

$31.79

0.99 (3.21%)

05:30
04/26/17
04/26
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05:30
Earnings
Logitech reports Q4 EPS 15c, consensus 17c »

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SKYAY

Sky

$50.26

0.05 (0.10%)

05:29
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WFC

Wells Fargo

$54.56

0.91 (1.70%)

05:26
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KLRE

KLR Energy Acquisition

$10.55

0.1384 (1.33%)

04:55
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04/26
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Conference/Events
KLR Energy Acquisition to host special shareholder meeting »

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IONS

Ionis Pharmaceuticals

$47.88

2.14 (4.68%)

04:55
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Conference/Events
Ionis Pharmaceuticals management to meet with Needham »

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ADMS

Adamas Pharmaceuticals

$16.36

0.51 (3.22%)

, AVXS

AveXis

$78.74

-0.44 (-0.56%)

04:55
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Conference/Events
American Academy of Neurology »

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ADMS

Adamas Pharmaceuticals

$16.36

0.51 (3.22%)

AVXS

AveXis

$78.74

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CATB

Catabasis Pharmaceuticals

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MNOV

MediciNova

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0.14 (2.58%)

IONS

Ionis Pharmaceuticals

$47.88

2.14 (4.68%)

FLKS

Flex Pharma

$3.07

0.01 (0.33%)

TGTX

TG Therapeutics

$12.00

1.6 (15.38%)

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ATEC

Alphatec

$1.98

0.02 (1.02%)

, CAE

CAE

$15.39

0.01 (0.07%)

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$1.98

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CAE

CAE

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EDGE

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$10.72

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MDT

Medtronic

$81.76

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NUVA

NuVasive

$76.94

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SYK

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$135.59

1.14 (0.85%)

VRTX

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$117.27

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SYNA

Synaptics

$52.54

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NVIV

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$4.00

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LMAT

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MZOR

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$34.74

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OFIX

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SSNLF

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SIEGY

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SNE

Sony

$33.65

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ABUS

Arbutus Biopharma

$3.35

0.05 (1.52%)

04:55
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Conference/Events
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  • 26

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SXL

Sunoco Logistics

$24.35

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, ETP

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SXL

Sunoco Logistics

$24.35

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ETP

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$36.42

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TIG

TiGenix

$16.36

0.08 (0.49%)

04:55
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  • 26

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MTSI

MACOM

$53.84

-0.17 (-0.31%)

, SBGI

Sinclair Broadcast

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MTSI

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NXST

Nexstar

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TRCO

Tribune Media

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DWCH

Datawatch

$9.40

0.1 (1.08%)

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Datawatch management to meet with Craig Hallum »

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  • 26

    Apr

KR

Kroger

$29.84

-0.3 (-1.00%)

, AAP

Advance Auto Parts

$145.67

-1.43 (-0.97%)

04:55
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Barclays to hold a field trip »

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KR

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-0.3 (-1.00%)

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$145.67

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FL

Foot Locker

$76.60

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SFM

Sprouts Farmers Market

$22.66

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TGT

Target

$55.15

0.33 (0.60%)

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KURA

Kura Oncology

$11.20

0.75 (7.18%)

04:55
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Kura Oncology management to meet with JMP Securities »

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RGLS

Regulus

$1.45

0.05 (3.57%)

04:55
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Regulus management to meet with Needham »

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