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Fly News Breaks for March 3, 2020
BKNG, TWTR, ZG, MTCH, YELP, TRIP, IAC, SNAP, RDFN, GOOG, MELI, EXPE, LYFT, Z, FB, AMZN, GOOGL, EBAY
Mar 3, 2020 | 08:03 EDT
Jefferies analyst Brent Thill said "no one is immune" to the coronavirus in terms of the Internet sector he covers. He views travel names as most exposed and identifies Alphabet (GOOGL), Match (MTCH), Facebook (FB), Snap (SNAP), Twitter (TWTR), Lyft (LYFT), IAC (IAC), eBay (EBAY), MercadoLibre (MELI), Yelp (YELP), Amazon (AMZN), Redfin (RDFN) and Zillow Group (ZG) among those he sees with "moderate" exposure. Thill lowered his price target on Booking (BKNG) shares to $1,755 from $1,800, cut his Expedia (EXPE) target to $145 from $155 and trimmed his TripAdvisor (TRIP) price target to $21 from $27, citing the coronavirus impacts.
News For BKNG;EXPE;TRIP;GOOGL;GOOG;MTCH;FB;SNAP;TWTR;LYFT;IAC;EBAY;MELI;YELP;AMZN;RDFN;ZG;Z From the Last 2 Days
TWTR
Jun 4, 2020 | 13:54 EDT
Two app store intelligence firms, Apptopia and Sensor Tower, estimate that Twitter had a record number of new installs this week amid nationwide protests, reported TechCrunch's Sarah Perez. According to Sensor Tower, Twitter U.S. installs this week were at a four-year high and Monday saw the most single-day installs since at least January 1, 2014, when the firm began recording app store data, the report said. Apptopia, on the other hand, estimates that Twitter topped its record for installs on Wednesday, the report noted. Reference Link
GOOGL, GOOG
Jun 4, 2020 | 13:06 EDT
Zoom Video (ZM) is in advanced talks with Google Cloud (GOOGL) about using a security service offered by the company that alerts users to the dangers of clicking on links associated with malicious websites, according to The Information's Kevin McLaughlin, citing two people with knowledge of the matter. Reference Link
EBAY, AMZN
Jun 4, 2020 | 12:42 EDT
The S&P is sliding a bit this morning from its early-June highs, though many of the sectors hit hard by the virus and shutdowns continue to climb as more and more lockdowns ease. Airlines are a... To see the rest of the story go to thefly.com. See Story Here
EBAY
Jun 4, 2020 | 12:10 EDT
Baird analyst Colin Sebastian raised the firm's price target on eBay to $59 from $51 and keeps an Outperform rating on the shares. Sebastian said that the company's higher second quarter guidance is "not a big surprise" given continued e-commerce strength and "significant" growth evident in the firm's weekly tracker. The analyst noted that, while his recent estimate increase was not bullish enough, early June trends appear to be showing some evidence of modest deceleration. Sebastian added that he sees a path to $4 in earnings for eBay in 2022, which indicates further upside potential in shares.
EBAY
Jun 4, 2020 | 09:02 EDT
Raises Q2 revenue view to $2.75B-$2.8B from $2.38B-$2.48B, consensus $2.46B.
AMZN
Jun 4, 2020 | 06:22 EDT
After Amazon (AMZN) announced that it will lease an additional 12 aircraft from Air Transport Services (ATSG), Stephens analyst Jack Atkins said he views the news as further proof of the strong demand for Air Transport's 767F asset base. The analyst, who added that the secular growth in e-commerce is being accelerated by the COVID-19 pandemic, reiterates his Overweight rating on Air Transport shares and put his estimates and price target under review.