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EBAY

eBay

$33.39

2.39 (7.71%)

10:54
01/22/19
01/22
10:54
01/22/19
10:54

SunTrust not surprised to see activist interest in eBay, keeps Hold rating

After Elliot Management announced that it now owns about 4% of eBay shares and released an "Enhancing eBay Plan" and The Wall Street Journal reported that Starboard Value has built a large position as well, SunTrust analyst Youssef Squali said he is not surprised to see activists take a strong interest, noting that this was one of his Top 5 2019 predictions. Squali, who said he has long held a belief that there is an opportunity to spin-off assets to enhance shareholder value at eBay, keeps a Hold rating and $33 price target on the stock as he waits to see the board's reception to Elliot's plan.

  • 03

    Mar

EBAY eBay
$33.39

2.39 (7.71%)

01/14/19
BARD
01/14/19
NO CHANGE
Target $39
BARD
Outperform
eBay survey matching broader e-commerce trends, says Baird
Baird analyst Colin Sebastian said his proprietary tracker shows eBay had a slightly better than anticipated November. Early December volumes were healthy, but there was a steeper slowdown in the second half of the month relative to historical trends. The analyst said this is consistent with other holiday e-commerce checks and data points. Sebastian reiterated his Outperform rating and lowered his price target to $39 from $41 on eBay shares.
01/04/19
01/04/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Skyworks (SWKS) downgraded to Neutral from Buy at Nomura Instinet with analyst Krysten Sciacca saying after Apple's (AAPL) profit warning, she believes growth headwinds from macro and trade uncertainty, as well as weak unit demand at the company's largest customers, will persist in 2019. 2. Snap (SNAP) downgraded to Neutral from Buy at Goldman Sachs with analyst Heath Terry saying he believes Snap's sequential user declines are likely to continue in Q4. 3. Fortinet (FTNT) double downgraded to Sell from Buy at Goldman Sachs with analyst Gabriela Borges saying the drivers of Fortinet's share gain and margin expansion are now better understood, with consensus 2019 estimates having been revised up over the past 12 months. 4. eBay (EBAY) downgraded to Neutral from Buy at Goldman Sachs with analyst Heath Terry saying he sees better opportunities with other names in Internet given uncertainty around eBay's growth and margin expansion, specifically the company's ability to deliver low-to-mid single digit growth on reduced ad spend. 5. Halcon Resources (HK), Chesapeake (CHK), and Southwestern Energy (SWN) were downgraded to Underperform from Neutral at BofA/Merrill. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/04/19
GSCO
01/04/19
DOWNGRADE
Target $32
GSCO
Neutral
eBay downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Heath Terry downgraded eBay to Neutral and lowered his price target for the shares to $32 from $34. The analyst sees better opportunities with other names in Internet given uncertainty around eBay's growth and margin expansion, specifically the company's ability to deliver low-to-mid single digit growth on reduced ad spend. eBay has tried unsuccessfully to reaccelerate growth for sustained periods, and uncertainty around the elasticity of marketing spend could also challenge margin expansion and pressure its earnings growth, Terry tells investors in a research note.
12/26/18
BARD
12/26/18
NO CHANGE
BARD
Baird names Amazon, Alphabet among best internet stocks to own for rebound
Baird analyst Colin Sebastian pointed out in a note to investors before the open that the number of searches on Google for the term "recession" has more than doubled since October, hitting a recent peak in early December. However, he thinks it is reasonable to consider a more optimistic outcome, namely a rebound, and looked back at the past four market "corrections" to see which stocks in large-cap internet fared. In each of the six-month periods he analyzed, Activision (ATVI), Facebook (FB) and Alphabet (GOOGL) traded higher with the lowest standard deviations in the group, Sebastian noted, adding that he thinks lingering overhangs on Facebook shares could dampen its recovery this time around. Amazon (AMZN) was the best overall performer, while eBay (EBAY) was the laggard, each with higher standard deviations, Sebastian added. Overall, he named Activision, Alphabet and Amazon as his "AAA" best bets in a rebound scenario.

TODAY'S FREE FLY STORIES

14:03
03/22/19
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14:03
General news
Treasury Budget data reported »

February Treasury Budget…

QCOM

Qualcomm

$57.16

-0.6 (-1.04%)

14:00
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14:00
Options
Size spread in Qualcomm as shares slip »

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  • 01

    May

EVER

EverQuote

$7.80

-0.1 (-1.27%)

13:59
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03/22
13:59
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13:59
Conference/Events
EverQuote management to meet with Needham »

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RYTM

Rhythm Pharmaceuticals

$30.01

-0.64 (-2.09%)

13:59
03/22/19
03/22
13:59
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13:59
Conference/Events
Rhythm Pharmaceuticals management to meet with Needham »

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  • 28

    Mar

TWOU

2U

$66.19

-2.92 (-4.23%)

13:57
03/22/19
03/22
13:57
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13:57
Conference/Events
2U management to meet with Needham »

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    Mar

GLW

Corning

$33.89

-0.91 (-2.61%)

13:55
03/22/19
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13:55
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13:55
Options
Corning put volume heavy and directionally bearish »

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ATEC

Alphatec

$2.60

-0.12 (-4.41%)

13:52
03/22/19
03/22
13:52
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13:52
Conference/Events
Alphatec management to meet with Lake Street »

Meeting to be held in New…

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  • 27

    Mar

TLRA

Telaria

$6.16

-0.25 (-3.90%)

13:52
03/22/19
03/22
13:52
03/22/19
13:52
Conference/Events
Telaria management to meet with Lake Street »

Meeting to be held in…

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  • 26

    Mar

SRDX

Surmodics

$42.26

-3.67 (-7.99%)

13:51
03/22/19
03/22
13:51
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13:51
Conference/Events
Surmodics management to meet with Lake Street »

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  • 26

    Mar

TPR

Tapestry

$31.23

-0.72 (-2.25%)

13:49
03/22/19
03/22
13:49
03/22/19
13:49
Options
Tapestry option volume 4x normal as shares test multiyear lows »

Tapestry option volume 4x…

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IONS

Ionis Pharmaceuticals

$78.80

-1.73 (-2.15%)

, RHHBY

Roche

$0.00

(0.00%)

13:46
03/22/19
03/22
13:46
03/22/19
13:46
Recommendations
Ionis Pharmaceuticals, Roche analyst commentary  »

Ionis Pharmaceuticals…

IONS

Ionis Pharmaceuticals

$78.80

-1.73 (-2.15%)

RHHBY

Roche

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 01

    Apr

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    Apr

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    Apr

  • 19

    Aug

  • 04

    Nov

13:45
03/22/19
03/22
13:45
03/22/19
13:45
General news
Treasury Budget to be reported at 14:00 »

February Treasury Budget…

SLCA

U.S. Silica

$15.90

-1.08 (-6.36%)

13:40
03/22/19
03/22
13:40
03/22/19
13:40
Options
6.3% drop in Silica motivates an upside call buyer »

6.3% drop in Silica…

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  • 28

    May

SHOP

Shopify

$201.50

-3.48 (-1.70%)

13:39
03/22/19
03/22
13:39
03/22/19
13:39
Hot Stocks
Mailchimp asks to remove Shopify integration over new terms of service »

Mailchimp issued a…

03/08/13
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IBM

IBM

$139.28

-2.09 (-1.48%)

13:35
03/22/19
03/22
13:35
03/22/19
13:35
Options
IBM put volume heavy and directionally bearish »

Bearish flow noted in IBM…

03/08/13
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  • 30

    Apr

PLCE

Children's Place

$86.53

-0.97 (-1.11%)

13:22
03/22/19
03/22
13:22
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13:22
Conference/Events
Children's Place management to meet with Wolfe Research »

Meeting to be held in…

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  • 28

    Mar

  • 02

    Apr

SPLK

Splunk

$126.05

-6.43 (-4.85%)

13:20
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Odd opening print in Splunk expiring contracts »

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  • 16

    Apr

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VSAT

ViaSat

$75.82

-1.15 (-1.49%)

13:18
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13:18
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13:18
Conference/Events
ViaSat management to meet with B. Riley FBR »

Meeting to be held in…

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  • 28

    Mar

TDS

Telephone and Data

$31.39

-0.47 (-1.48%)

13:17
03/22/19
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13:17
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13:17
Conference/Events
Telephone and Data management to meet with B. Riley FBR »

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  • 27

    Mar

  • 28

    Mar

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
03/22/19
03/22
13:17
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13:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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USM

U.S. Cellular

$46.51

-0.73 (-1.55%)

13:16
03/22/19
03/22
13:16
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13:16
Conference/Events
U.S. Cellular management to meet with B. Riley FBR »

Meetings to be held in…

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  • 27

    Mar

  • 28

    Mar

$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
03/22/19
03/22
13:16
03/22/19
13:16
Technical Analysis
NYSE market internals summary »

Volume is above average…

03/08/13
Wedge Partners
03/08/13
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GNL

Global Net Lease

$18.77

-0.33 (-1.73%)

13:16
03/22/19
03/22
13:16
03/22/19
13:16
Conference/Events
Global Net Lease management to meet with B. Riley FBR »

Meetings to be held in…

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  • 25

    Mar

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    Mar

  • 15

    Apr

MMM

3M

$204.97

-4.62 (-2.20%)

13:15
03/22/19
03/22
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13:15
Options
3M put volume heavy and directionally bearish »

Bearish flow noted in 3M…

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  • 28

    May

PCTI

PCTEL

$5.21

-0.02 (-0.38%)

13:14
03/22/19
03/22
13:14
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13:14
Conference/Events
PCTEL management to meet with B. Riley FBR »

Meeting to be held in San…

03/08/13
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  • 27

    Mar

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