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EBAY

eBay

$39.22

0.25 (0.64%)

16:19
10/23/19
10/23
16:19
10/23/19
16:19

eBay says grew active buyers by 4% across platforms in Q3

"We performed in line with expectations in Q3 while improving the Marketplace experience, creating better customer outcomes, and maintaining momentum in advertising and payments," said Scott Schenkel, interim CEO of eBay. "We also made progress on our portfolio review and completed a thorough operating review that has resulted in a three-year plan to drive margin improvement while enabling reinvestment in critical customer initiatives. In the third quarter, eBay grew active buyers by 4% across its platforms, for a total of 183 million global active buyers. Underlying total eBay performance, the Marketplace platforms delivered $2.1 billion of revenue and $20.5 billion of GMV. Marketplace revenue was down 1% on an as-reported basis and was up 1% on a FX-Neutral basis, and GMV was down 5% on an as-reported basis and down 2% on a FX-Neutral basis. StubHub platforms drove revenue of $306 million, up 5% on both an as-reported and FX-Neutral basis, and GMV of $1.2 billion, flat on both an as-reported and FX-Neutral basis. Classifieds platforms delivered revenue of $265 million, up 4% on an as-reported basis and up 8% on a FX-Neutral basis."

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EBAY eBay
$39.22

0.25 (0.64%)

09/26/19
WELS
09/26/19
DOWNGRADE
Target $45
WELS
Market Perform
eBay downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Brian Fitzgerald downgraded eBay to Market Perform from Outperform with an unchanged price target of $45. The company's slowing gross merchandise volume suggests stagnant or decreasing market share, Fitzgerald tells investors in a research note. Further, the analyst believes eBay's segment margins look lower than the activist investors are assuming in a breakup, which suggests to him "lower potential upside from the strategic review." Fitzgerald's sum-of-the-parts analysis lead him to believe that eBay shares are fairly valued. With that said, the company's 7.2% free cash flow and share buyback potentials limit downside risk on the stock, contends Fitzgerald.
09/27/19
09/27/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Box (BOX) downgraded to Underweight from Neutral at JPMorgan with analyst Mark Murphy saying while the stock has run higher, competition is intensifying in Box's target markets. 2. Atara Biotherapeutics (ATRA) downgraded to Sell from Neutral at Goldman Sachs with analyst Salveen Richter saying he sees a lack of near-term catalysts for the stock and questions surrounding the company's clinical programs. 3. Carnival (CCL) downgraded to Sell from Hold at Berenberg and to Neutral from Buy at UBS. 4. eBay (EBAY) and Booking Holdings (BKNG) downgraded to Market Perform from Outperform at Wells Fargo. 5. Canopy Growth (CGC) downgraded to Neutral from Buy at BofA/Merrill with analyst Christopher Carey saying while he still sees Canopy as a long-term leader in the cannabis industry, he thinks Canada industry growth is set to pause in the second half and potentially flatten, which he thinks could also be the case with Canopy. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/08/19
BARD
10/08/19
NO CHANGE
Target $46
BARD
Outperform
eBay tracker indicates Q3 volumes in-line with expectations, says Baird
Baird analyst Colin Sebastian said his eBay sales volume tracker for September indicates volumes are in-line with expectations; suggesting volume declines moderated sequentially during the quarter. The analyst expects internet sales tax collection will remain a near-term headwind but noted management conservatism has likely embedded the negative impact of these tax changes through the balance of the year. Sebastian maintained his Outperform rating and $46 price target on eBay shares.
10/21/19
DBAB
10/21/19
DOWNGRADE
Target $42
DBAB
Hold
eBay assumed with a Hold from Buy at Deutsche Bank
Deutsche Bank analyst Kunal Madhukar downgraded eBay to Hold from Buy after assuming coverage from prior analyst Lloyd Walmsley. The analyst lowered his price target for the shares to $42 from $46. eBay's gross merchandise volume growth has been "anemic" even as e-commerce has been growing double digits, Madhukar tells investors in a research note. The analyst expects the stock to be range-bound given the "challenging" competitive environment and the company's CEO transition. eBay is "searching for its identity and differentiation," says Madhukar, who sees more compelling opportunities elsewhere in the large-cap internet space.

TODAY'S FREE FLY STORIES

05:45
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General news
NFIB Small Business Optimism Index level to be reported at 06:00 »

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ALB

Albemarle

$67.72

-0.29 (-0.43%)

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CBMG

Cellular Biomedicine

$17.86

0.11 (0.62%)

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SNIRF

Senior plc

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SOLVY

Solvay

$0.00

(0.00%)

05:34
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  • 12

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BOX

Box

$16.45

-0.495 (-2.92%)

05:32
11/12/19
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05:32
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Box rating change  »

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  • 26

    Nov

CTVA

Corteva

$26.74

0.54 (2.06%)

05:30
11/12/19
11/12
05:30
11/12/19
05:30
Initiation
Corteva initiated  »

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  • 12

    Nov

IFJPY

Informa

$0.00

(0.00%)

05:30
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LPKFF

LPKF Laser & Electronics

$0.00

(0.00%)

05:29
11/12/19
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05:29
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ETN

Eaton

$91.87

-0.35 (-0.38%)

05:28
11/12/19
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05:28
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Eaton rating change  »

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    Nov

COVTY

Covestro

$0.00

(0.00%)

05:27
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05:27
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PPRUY

Kering

$0.00

(0.00%)

05:27
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05:27
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FCAU

Fiat Chrysler

$16.11

-0.1 (-0.62%)

05:26
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05:26
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Fiat Chrysler rating change  »

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PUGOY

Peugeot

$0.00

(0.00%)

05:26
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UAVS

Ageagle Aerial Systems

$0.42

0.0385 (10.13%)

05:25
11/12/19
11/12
05:25
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05:25
Conference/Events
Ageagle Aerial Systems to host business news update conference call »

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  • 14

    Nov

NNGRY

NN Group

$0.00

(0.00%)

05:25
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ERJ

Embraer

$17.10

-0.22 (-1.27%)

05:23
11/12/19
11/12
05:23
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05:23
Earnings
Embraer backs FY20 revenue view of $2.5B-$2.8B »

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  • 12

    Nov

PRBZF

Premium Brands

$0.00

(0.00%)

05:22
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ERJ

Embraer

$17.10

-0.22 (-1.27%)

05:21
11/12/19
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05:21
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05:21
Earnings
Embraer backs FY19 revenue guidance of $5.3M-$5.7M, consensus $5.37M »

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  • 12

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OZMLF

Oz Minerals

$0.00

(0.00%)

05:21
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Oz Minerals rating change  »

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SESN

Sesen Bio

$1.14

(0.00%)

05:20
11/12/19
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05:20
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05:20
Conference/Events
Sesen Bio to host business news update conference call »

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  • 12

    Nov

ERJ

Embraer

$17.10

-0.22 (-1.27%)

05:19
11/12/19
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05:19
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05:19
Earnings
Embraer reports Q3 EPS (26c), consensus (9c) »

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  • 12

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AAXN

Axon

$64.41

-0.95 (-1.45%)

05:18
11/12/19
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05:18
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05:18
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Axon analyst commentary  »

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  • 09

    Dec

INFO

IHS Markit

$68.90

-0.72 (-1.03%)

05:18
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05:18
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05:18
Conference/Events
IHS Markit to host conference call »

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  • 12

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PLNT

Planet Fitness

$67.73

-0.7 (-1.02%)

05:16
11/12/19
11/12
05:16
11/12/19
05:16
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