Yesterday, 10:03 AM
- Morgan Stanley analyst Brian Nowak restates an Overweight rating on Amazon (AMZN +0.5%), citing the company's continued extension into the automotive sector with the launch of Amazon Vehicles.
- Although Amazon presently does not offer buying or selling of vehicles, Nowak believes that could change in the future. He cites further that the new service is the second automotive development (on-demand Hyundai Elantra test drive delivery) the company announced this week.
- On TrueCar (TRUE +1.4%) he notes “a strong information research site on Amazon.com is a threat to traffic.” Further: “In addition, any further auto purchase integration (more partnerships like Hyundai, integrating dealerships into the platform, etc), combined with Amazon’s scale (~300+mn active shoppers vs TRUE’s 7mn monthly visitors), conversion expertise, and high customer loyalty (over 30mn US Prime members) would represent a direct threat to TRUE’s core business.”
- While eBay (EBAY +0.2%) actually facilitates buying and selling of vehicles, concern increases regarding the possibility of Amazon moving in a similar direction.
Fri, Aug. 12, 3:40 PM
- Microsoft (MSFT -0.8%), eBay (EBAY -0.7%), Etsy (ETSY -0.9%), Yahoo (YHOO +3.9%), Tencent (OTCPK:TCEHY -1.1%), Pinterest (Private:PINIT) and others have signed a commitment to impede trading of illegal wildlife and related products on their respective platforms in collaboration with the World Wildlife Fund, TRAFFIC and the International Fund for Animal Welfare.
- The aim is to stem supply and accessibility to a growing market for exotic and rare items obtained through poaching and other illegal means. The companies and organizations are looking to establish a "standardized, industry-wide policy framework on online wildlife trade." Wild live animals and plants or products derived from them through an illegal manner are the primary focus of the initiative.
- Though notable absentees include Amazon and Facebook, the proliferation of e-commerce and online marketplaces alongside the growth of a complex wildlife trade have clearly sparked a response from the platforms these items may appear on.
Thu, Jul. 21, 12:55 PM
- eBay (EBAY +11.7%) registered a 5.7% increase Y/Y in revenue with GAAP EPS of $0.38 and non-GAAP EPS of $0.43.
- Repurchased $500M of common stock and announced approval for an additional $2.5B buyback.
- StubHub revenue of $225M, +40% Y/Y.
- Raised Q3 net revenue guidance to $21.6B-$2.19B and non-GAAP and GAAP EPS to $0.42-$0.44 and $0.35-$0.37, respectively.
- Raised FY16 net revenue guidance to $8.85B-$8.95B and non-GAAP and GAAP EPS to $1.85-$1.90 and $1.60-$1.65, respectively.
- GAAP operating margin +23.8% vs. +20.3% Y/Y.
- Generated operating cash flow of $764M and free cash flow of $617M.
- The company reached the 1B live listing milestone during the quarter and reasserts its focus on enhancing its platform in regard to experience and discovery.
- The recent acquisitions of Expertmaker and SalesPredict were noted as the company continues to build machine learning and artificial intelligence capabilities into its platform.
Thu, Jul. 21, 9:15 AM
Wed, Jul. 20, 5:42 PM
Wed, Jul. 20, 4:16 PM
Tue, Jul. 19, 5:35 PM
Wed, Jul. 13, 7:37 AM
Thu, Jul. 7, 7:23 AM
Tue, Jun. 28, 2:39 AM
- Replacing Live Nation's Ticketmaster (NYSE:LYV), eBay's (NASDAQ:EBAY) StubHub has won a 6.5 year revenue-sharing deal to resell tickets for the New York Yankees.
- The move ends a long standoff between the two companies, which had previously been at odds over a price floor for tickets.
- Reports suggested the deal was worth around $100M, but a StubHub spokesman said the value of the agreement was "definitely not that high."
Wed, Jun. 22, 5:36 PM
- Analyst Tom Forte has a $36 price target on eBay. Implied upside 48%.
- $36 is a new Street high. Street low is $22.50 (Morgan Stanley).
- Related: Sell-side mulls sale of eBay's StubHub (Jun. 21 2016)
Tue, Jun. 21, 12:45 PM
- "We think investors often overlook StubHub's potential to unlock or add value," says Benchmark's Daniel Kurnos, reiterating his Buy rating and $29 price target (vs. current $24.60) on eBay (EBAY +0.1%).
- StubHub, he says, has quietly build a dominant market share position, and is now in process of expanding internationally (just 2% of revenue comes from overseas).
- Whie TicketMaster could provide a big competitive challenge, it won't matter as much as investors currently expect, says Kurnos, as StubHub will eventually be monetized either through a sale of IPO.
Mon, Jun. 20, 7:37 AM
Fri, Jun. 3, 3:06 AM
- "The world doesn’t need an almost-as good Amazon, it needs a better eBay," CEO Devin Wenig said at the Code Conference in California, taking pains to distinguish the company from its bigger rival.
- "I'd rather have a billion unique items that arrive in three days than a billion commodity items that arrive in an hour."
- Wenig also added that eBay (NASDAQ:EBAY) is looking at opportunities to bring together e-commerce and artificial intelligence.
Thu, May 26, 12:14 PM
- RIght now, the chance of an affirmative vote in the Brexit referendum is looking mighty slim, so it's hard to imagine much of an edge here. Nevertheless, the team at JPMorgan has identified 22 U.S. stocks with the highest U.K. exposure as a percent of revenue. These names would thus theoretically benefit from a "Remain" vote.
- Penske (NYSE:PAG), PPL Corp. (NYSE:PPL), PRA Health (NASDAQ:PRAH), Invesco (NYSE:IVZ), Xerox (NYSE:XRX), Ford (NYSE:F), Copart (NASDAQ:CPRT), CBRE Group (NYSE:CBG), Genesee & Wyoming (NYSE:GWR), eBay (NASDAQ:EBAY), Marsh & McLennan (NYSE:MMC), MSCI (NYSE:MSCI), ON Semi (NASDAQ:ON), Aon (NYSE:AON), PayPal (NASDAQ:PYPL), Crane (NYSE:CR), Maximus (NYSE:MMS), Legg Mason (NYSE:LM), Guidewire (NYSE:GWRE), Signet (NYSE:SIG), Fair Isaac (NYSE:FICO), DST Systems (NYSE:DST).
Tue, May 24, 7:33 AM
- eBay (NASDAQ:EBAY) announces it acquired Ticketbis for an undisclosed amount. Ticketbis is an online ticket marketplace with a presence in 47 different countries.
- The company plans to integrate Ticketbis into the StubHub business which will take StubHub into new global markets.
- The deal is expected to close in the middle part of 2016.
- The add-on of Ticketbis isn't expected to impact the Q2 and full-year guidance already issued by eBay.
eBay, Inc. operates as a commerce leader company including Marketplace, StubHub, and Classifieds platforms. It engages in the provision of investments and acquisitions to help enable commerce on platforms for buyers and sellers online or on mobile devices. It includes marketing services,... More
Industry: Catalog & Mail Order Houses
Country: United States