Seeking Alpha

eBay (EBAY -2.9%) saw a slight growth slowdown in February, says Baird's Colin Sebastian in a...

eBay (EBAY -2.9%) saw a slight growth slowdown in February, says Baird's Colin Sebastian in a report that seems to be pressuring shares. Baird's sales tracker (for Marketplaces transactions?) indicates growth fell to a low teens Y/Y rate in February from a mid/high-teens level in January. However, Sebastian maintains an Outperform and $60 PT, and is "comfortable" with a Q1 forecast for 12.5% Y/Y U.S. merchandise volume growth. (ChannelAdvisor)
Comments (1)
  • reswiss
    , contributor
    Comments (4) | Send Message
     
    Baird would only have visibility into eBay's traffic levels, as a proxy for sales. Those levels are more likely the result of eBay's usability changes, which would reduce traffic while increasing sales (better usability = less hunting around.)
    6 Mar 2013, 02:31 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector