eBay Inc.
 (EBAY)

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  • Jan. 5, 2014, 2:07 AM
    • Seven major U.S. technology companies paid just £54M in U.K. corporate tax in 2012 - the last year for which figures are available - despite raking in combined sales of $15B (£9.13B), the FT reports.
    • The tax paid by Microsoft (MSFT), eBay (EBAY), Yahoo (YHOO), Facebook (FB) and Apple (AAPL) fell, while that of Amazon (AMZN) and Google (GOOG) rose.
    • The report comes amid efforts in the U.K. and elsewhere to stop multinational corporations from exploiting what one British legislator described as a "tax bonanza" by using low-tax jurisdictions such as Ireland, Switzerland and Luxembourg to keep their payments at minimal levels.
    | Jan. 5, 2014, 2:07 AM | 34 Comments
  • Dec. 26, 2013, 8:35 AM
    • Piper Jaffray dissects the most recent sales data dump from ChannelAdvisor to find eBay (EBAY) is tracking toward in-line with analyst estimates for December.
    • The investment firm notes the comparable periods this year are causing some distortions which are exaggerating reported sales trends. Piper calls out that the recent data set includes the pre-Christmas e-commerce lull whereas in last year's comparable the lull is rolled into the next week.
    • EBAY -1.2% premarket
    | Dec. 26, 2013, 8:35 AM | 3 Comments
  • Dec. 26, 2013, 7:12 AM
    • Data from ChannelAdvisor shows slowing sales momentum during the third week of December for the retail clients the firm tabulates e-commerce activity on.
    • Tracked sales through eBay (EBAY) were up 9.6% for the post-Thanksgiving period through the third week of December, while Amazon (AMZN) saw a 25.2% gain through ChannelAdvisor's system. Both marks indicate a decelerating trend for the period
    • eBay may have lost some ground as other retailers offered more extensive expedited shipping options.
    • ChannelAdvisor shifted the comparable tracking dates to align the Thanksgiving period holiday.
    | Dec. 26, 2013, 7:12 AM
  • Dec. 23, 2013, 3:36 PM
    • Wells Fargo bangs the same drum as other firms on the promotional fervor being seen in retail with its warning today that Q4 margins may disappoint.
    • Analysts with the investment firm cite data showing mall traffic was off 9% for the first two weeks of December and think that even a late-month pickup in sales won't be enough to rescue the quarter.
    • The consistent read on the sector has been that discounters (DG, FIVE, DLTR, FDO), e-commerce retailers (AMZN, OSTK, EBAY, NILE, BIDZ, SFLY), and membership warehouses (COST, PSMT, WMT) may have held up the best as consumers either traded down or shopped via devices.
    | Dec. 23, 2013, 3:36 PM
  • Dec. 17, 2013, 5:37 PM
    • PayPal (EBAY) has acquired StackMob, owner of a platform that gives developers APIs, custom code, hosting services, and other tools for creating mobile apps. Terms are undisclosed.
    • PayPal, which has been introducing new features and services for its mobile apps at a heady pace, says StackMob's team will help it "move even faster in creating, testing and deploying products that aim to transform payments."
    • News of the acquisition comes on the heels of Amazon's purchase of mobile point-of-sale platform provider Gopago.
    | Dec. 17, 2013, 5:37 PM | 1 Comment
  • Dec. 17, 2013, 2:38 PM
    • ShopperTrak reports retail sales fell 0.8% Y/Y last week on traffic that was almost 20% thinner as the shoppers that did venture out were all business.
    • The retail-watching group says the wintry weather mix was a big factor and predicts a decent snap back in traffic this week.
    • The opposite effect could be in play with Amazon (AMZN) and eBay (EBAY -0.9%). The e-commerce tracking data for the two companies continues to dazzle as the typical post-Cyber Monday lull has been avoided. If there is a minor dip, analysts think it could be this week with decelerating Y/Y sales growth from the pair's dizzying pace.
    • Related ETFs: XLP, XLY, VDC, XRT, VCR, ECON, IPD, KXI, BJK, RTH, PBJ, RETL, PEJ, IYK, IPS, FXG, IYC, SCC, FXD, RXI, RHS, UCC, PMR, UGE, EMCG, RCD, PSL, FDIS, FSTA, PSCC, SZK, PEZ, PSCD, EMDI, AXSL, AXDI
    | Dec. 17, 2013, 2:38 PM
  • Dec. 17, 2013, 11:54 AM
    • Amazon (AMZN -0.3%) has acquired Gopago, a startup that has developed a smartphone/tablet-based point-of-sale platform for retailers. Among other things, the platform allows consumers to pre-pay for goods via Android/iOS apps.
    • TechCrunch notes media reports don't make it clear if Gopago's team will be joining Amazon. On the other hand, a co-founder does say Amazon will use Gopago's technology for an "ambitious" new project.
    • Plenty of companies are already targeting the mobile POS software/services market. While mobile payments juggernaut Square (reportedly eying a 2014 IPO) has seen the most success, PayPal (EBAY +0.1%) is also moving aggressively in this space, and recently added support for swipe-free Bluetooth payments. Other players include Intuit, Groupon, and VeriFone.
    • Amazon's online/mobile payments ambitions appear to be expanding: Two months ago, the company launched a fully-fledged PayPal rival that's available to anyone with an Amazon account. PayPal, meanwhile, recently bought rival Braintree.
    | Dec. 17, 2013, 11:54 AM
  • Dec. 16, 2013, 9:19 AM
    • Analysts don't expect the fierce winter snowstorm that struck a wide swath of the Northeast and Midwest to significantly impact overall holiday sales, although a pickup in e-commerce channels could be seen. The trend sets up well for Amazon (AMZN), eBay (EBAY), FedEx (FDX), and UPS (UPS).
    • Retailers focused on winter gear and machinery such as Dick's Sporting Goods (DKS), Tractor Supply (TSCO), Home Depot (HD), and Lowe's (LOW) could also see some extra snow-related sales, note analysts.
    | Dec. 16, 2013, 9:19 AM | 3 Comments
  • Dec. 10, 2013, 8:19 AM
    • The shopping lull right after the Black Friday/Cyber Monday period could be even more pronounced this year than usual, according to channel checks.
    • Consumers mired in deal fatigue and a blast of wintry weather across a good portion of the U.S. has kept store traffic below expectations.
    • It's not good news for a retail sector stuck with inventory it needs to move in the midst of a highly-promotional atmosphere.
    • The narrowed window for holiday shopping due to the apparent consumer respite could boost e-commerce activity. Watch the usual suspects: AMZN, EBAY, FDX, UPS.
    • Related ETFs: XLP, XLY, VDC, XRT, VCR, RTH, PBJ, RETL, PEJ, IYK, FXG, IYC, SCC, FXD, RHS, UCC, PMR, UGE, RCD, PSL, PSCC, SZK, FDIS, FSTA, PSCD, PEZ
    | Dec. 10, 2013, 8:19 AM | 1 Comment
  • Dec. 8, 2013, 5:15 AM
    • Airlines have canceled over 1,000 flights, while freight companies and online retailers have delayed deliveries, due to severe winter weather across the U.S., particularly in the south.
    • American Airlines (AAMRQ, LCC) has been especially affected after more than 400 flights from Dallas/Fort Worth, American's largest hub, were scrapped.
    • FedEx (FDX) and UPS (UPS) have also felt the impact of the weather, while eBay (EBAY) has warned of shipment delays.
    • Meanwhile, ice storms have cut power to over 200,000 homes from Texas to Tennessee.
    • More freezing weather is predicted for tomorrow.
    • It's likely to take a while for the economic cost of the storm to be calculated. Insurer Aon (AON) reckons that the losses from the tornadoes and thunderstorms that hit the U.S. last month will top $1B. Allstate (ALL) may take a large hit after towns in Illinois, where it is the second-biggest insurer, were among those to feel the full wrath of the storms.
    • ETFs: KIE, IAK, KBWP, KBWI
    | Dec. 8, 2013, 5:15 AM | 5 Comments
  • Dec. 6, 2013, 9:29 AM
    • Amazon (AMZN) is set to significantly increase the fees it charges merchants for selling via its Webstore platform. As of Feb. 4, subscription fees will rise to $79/month for both merchants selling only on their site, and those selling both on their site and Amazon; they respectively paid $40/month and no subscription fee before. In addition, the transaction fee charged to the latter group will double to 2%.
    • Amazon has already carried out a string of fee hikes for its on-site fulfillment services. But while merchants have griped, the hikes haven't yet halted Amazon's share gains against EBAY and other rivals. 3rd-party sales accounted for 40% of Amazon's Q3 paid units, and are a relatively high-margin business.
    • AllThingsD reports the AmazonFresh grocery delivery service could launch in San Francisco on Tuesday. AmazonFresh, which helps act as a foundation for Amazon's same-day delivery efforts, launched in L.A. earlier this year, and might soon launch in NYC. No drones for now.
    • Amazon has topped analytics firm ForeSee's customer satisfaction rankings for 100 top brands, with a score of 87. eBay comes in at #39, and has a score of 82.
    | Dec. 6, 2013, 9:29 AM | 4 Comments
  • Dec. 5, 2013, 10:59 AM
    • More retail analysts now see holiday season sales coming in weak after early projections from the NRF and ShopperTrak called for a 3% to 4% rise. A number of firms agree with Hedgeye that the level of promotional activity will be very damaging when Q4 reports start rolling in.
    • Despite the broad carnage in the retail sector, there are some out-performers.
    • Discounters: Dollar General's increase in traffic and average basket size - along with a decent quarter from Stein Mart - could be confirming indicators that consumers are stepping down a bit with their shopping habits. Watch FDO, DLTR, FIVE, FRED, ALCS, GMAN, SMRT.
    • Luxury: Tiffany (TIF +0.5%), Coach (COH -1.2%), and Ralph Lauren (RL -0.4%) are cruising through the retail season with demand and pricing intact.
    • Powerful brands: Early channel checks on Lululemon (LULU -0.4%), Nike (NKE +0.1%), and Gap (GPS -1.2%) have been positive as consumers gravitate to what they know and like.
    • E-commerce stars: Visa (V -0.4%), MasterCard (MA +0.4%), eBay (EBAY +0.2%), Amazon (AMZN -0.8%), Dick's Sporting Goods (DKS +0.3%), and Under Armour (UA +1.2%) are some of the companies tapped to benefit as mobile/online is factored in to counterbalance reads on weak store traffic.
    • Underdogs: J.C. Penney (JCP -7.6%) is a $20 stock, according to Hedgeye. The retailer has upside to improve its embarrassingly low sales-per-square-foot mark during the holiday season and continue online momentum.
    | Dec. 5, 2013, 10:59 AM
  • Dec. 4, 2013, 7:44 AM
    • Acknowledging EBAY's large addressable markets and reasonable valuation, analyst Ken Sena cites the potential for "sustained take-rate pressure within Payments and a higher level of investment across segments" as reason for cutting to Hold from Buy.
    • "While we do not see valuation risk at these levels, we do suspect the potential for further negative estimate revisions, including its 2015 guidance ... In the U.K., we see retailers more effectively competing on customer conveniences, becoming savvier with respect to payment fees, and exploring partnership opportunities to address multi-channel needs. While multi-channel partnership opportunities are good for eBay, we see more risk of higher investment at a potentially lower take-rate."
    • Shares -0.9% premarket
    | Dec. 4, 2013, 7:44 AM
  • Dec. 3, 2013, 3:43 AM
    | Dec. 3, 2013, 3:43 AM | 3 Comments
  • Dec. 2, 2013, 7:13 AM
    • Shares of eBay (EBAY) are higher in premarket action after the company saw strong online traffic and mobile volume during the Black Friday weekend.
    • Some positive analyst attention could also be boosting sentiment. SunTrust took its stance on the company up to a Buy rating to go along with a $61 price target.
    • EBAY +2.9% premarket to $51.72.
    | Dec. 2, 2013, 7:13 AM
  • Dec. 2, 2013, 2:24 AM
    • The amount of money that consumers spent over the Thanksgiving weekend is estimated to have slipped 2.7% to $57.4B, the National Retail Federation says.
    • The drop is in contrast to estimates that Thanksgiving and Black Friday sales at brick-and-mortar stores rose 2.3%.
    • The average consumer spent $407.02 over the whole weekend, down 3.9% from last year.
    • The number of shoppers increased to 141M people from 139M.
    • The fall in spending came after retailers warned of a difficult holiday season and was due to the aggressive bargains on offer, a trend that is expected to continue.
    • However, the NRF maintained its forecast that retail sales will grow 3.9% for the whole holiday whole season.
    • Online sales climbed 17.3% on Thanksgiving and Black Friday, ComScore estimates, noting that the latter day attracted a record $1.2B in spending. The research firm expects Internet sales to rise 16% for the whole of the holiday season.
    • The most visited sites on Black Friday were those of Amazon (AMZN), eBay (EBAY) Walmart (WMT), Best Buy (BBY) and Target (TGT).
    • Total e-commerce sales hit $20.6B in the first 29 days of this holiday season, up 3.1% from last year, although this year includes more days.
    • Today is Cyber Monday, which the NRF reckons will attract 131M shoppers vs 129M last year. But as with Black Friday, Cyber Monday has started a day early, with J.C. Penney (JCP) and Macy's (M) among those who began related promotions yesterday. Target has gone further and created "Cyber Week."
    • More on Thanksgiving sales.
    • Tickers: FDO, DG, DLTR, FIVE, TGT, SHLD, BIG, GME, COH, GPS, LULU
    • ETFs: XLP, XLY, VDC, XRT, VCR, RTH, PBJ, RETL, PEJ, IYK, FXG, IYC, SCC, FXD, RHS, UCC, PMR, UGE, RCD, PSL, PSCC, SZK, FDIS, FSTA, PSCD, PEZ
    | Dec. 2, 2013, 2:24 AM | 3 Comments
Company Description
eBay Inc is a commerce platform and provides online marketplace for sale of goods. The Company's business segments are Marketplaces and Payments.