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  • Sat, Oct. 22, 10:57 AM
    • Susquehanna calls the share price drop in eBay (NASDAQ:EBAY) a buying opportunity.
    • The investment firm cites the company's "solid" free cash flow and "strong" capital returns.
    • Asset monetizations (Mercado Libre) and rising growth rates could drive eBay into the high $30s with limited downside risk, reasons the investment firm.
    • Shares of eBay fell about 9% after its guidance disappointed earlier this week,
    | Sat, Oct. 22, 10:57 AM | 6 Comments
  • Thu, Oct. 20, 9:17 AM
    | Thu, Oct. 20, 9:17 AM | 3 Comments
  • Wed, Oct. 19, 5:35 PM
    | Wed, Oct. 19, 5:35 PM | 3 Comments
  • Wed, Oct. 19, 5:15 PM
    • Ebay (NASDAQ:EBAY) reports Q3 gross merchandise volume of $20.1B (+3;, $20.3B estimated), revenue of $2.2B (+6%), EPS of $0.45 ($0.01 above estimates), net income from continuing operations of $509M, operating cash flow of $802M, free cash flow of $617M and share repurchases of $500M.
    • Operating margins declined to 29.9% (vs. 31.9% Y/Y), effective tax rate increased to 22.2% (vs. 20.2% Y/Y).
    • Projections: Q416 – net revenue of $2.36B-$2.41B (consensus $2.4B), EPS of $0.52-$0.54 (consensus $0.54); FY16 – net revenue of $8.95B-$9B, EPS of $1.85-$1.90
    • Conference call
    • Presentation
    • Press release
    | Wed, Oct. 19, 5:15 PM | 11 Comments
  • Wed, Oct. 19, 4:18 PM
    • eBay (NASDAQ:EBAY): Q3 EPS of $0.45 beats by $0.01.
    • Revenue of $2.22B (+5.7% Y/Y) beats by $30M.
    • Shares -8.2%.
    • Press Release
    | Wed, Oct. 19, 4:18 PM | 6 Comments
  • Tue, Oct. 18, 5:35 PM
  • Sat, Oct. 15, 11:43 AM
    • E-commerce sales during the holiday season are forecast to increase 17.2% this year to $94.71B, which represents a record 10.2% of all retail sales for the period.
    • The +17% growth also represents the fastest pace for holiday e-commerce sales since 2011.
    • Impressively, Amazon is expected to grow its holiday e-commerce market share above the 25% it took down last year.
    • Outside of Amazon, investors can bet on online retail broadly through the Amplify Online Retail ETF (NASDAQ:IBUY). IBUY aims to match the price and yield performance of the EQM Online Retail Index.
    • The IBUY is up 8% since launching in April, compared to a 5% drop for the S&P Retail ETF (NYSEARCA:XRT).
    • The top ten holdings of the Amplify Online Retail ETF are Etsy (NASDAQ:ETSY), Grubhub (NYSE:GRUB), Blue Nile (NASDAQ:NILE), eBAY (NASDAQ:EBAY), RetailMeNot (NASDAQ:SALE), Copart (NASDAQ:CPRT), 1-800-Flowers.com (NASDAQ:FLWS), Amazon (NASDAQ:AMZN), Stamps.com (NASDAQ:STMP), and NutriSystem (NASDAQ:NTRI).
    • This year's e-commerce boom will also be a net positive for shippers FedEx (NYSE:FDX) and UPS (NYSE:UPS), despite the increasing logistical challenges amid a higher mix of large packages. There's also Wal-Mart (NYSE:WMT) to consider after the company made a dramatic commitment to invest more in e-commerce during an investor meeting a few weeks ago.
    • Previously: Winners and losers from the retail sales report (Oct. 14)
    | Sat, Oct. 15, 11:43 AM | 14 Comments
  • Thu, Oct. 13, 7:43 AM
    • MercadoLibre (NASDAQ:MELI) announces that eBay (NASDAQ:EBAY) plans to sell 5.5M shares in a follow-on offering. The underwriters will also have the option to purchase another 825K shares from eBay.
    • MercadoLibre will not receive any proceeds from the sale, while eBay could bring in over $1B that it can funnel into buyback activity.
    • MELI -6.33% premarket to $171.62
    • EBAY +1.21% premarket to $31.88.
    • Source: Press Release
    | Thu, Oct. 13, 7:43 AM
  • Wed, Oct. 12, 5:35 PM
    | Wed, Oct. 12, 5:35 PM | 4 Comments
  • Mon, Oct. 10, 10:00 AM
    • Analyst Robert Peck moves from $30 to $33 (current price $32.08).
    • Projects eBay's (EBAY +1.3%) Q3 (to report on October 19) at $2.185B in revenue, $20.4B in GMV and EPS of $0.44.
    • Maintains Hold rating.
    | Mon, Oct. 10, 10:00 AM
  • Fri, Oct. 7, 9:31 AM
    • Channeladvisor reports eBay's (NASDAQ:EBAY) same-store sales increased 4.0% in September. The mark is a sequential drop from the 5.9% pace in August.
    • The average growth rate across the e-commerce industry was 15% during the month.
    • SSS breakdowns: eBay auctions -30.1%, eBay fixed-price +2.0% y/y, eBay Motors (parts and accessories) +12.6%.
    | Fri, Oct. 7, 9:31 AM
  • Mon, Oct. 3, 12:16 PM
    • Analyst William Power restates an Outperform rating and $155 price target (current price $129.97) on Facebook (FB -0.1%) subsequent the company's introduction of a new e-commerce product.
    • Power: "Combined with Messenger, Facebook is well positioned, in our view, to take a bite out of the e-commerce Marketplace market, and in turn, boost revenues from the lucrative retail/e-commerce market. While Facebook has been testing a version of marketplace functionality, and has a light classifieds tool live in Australia, today’s announcement is clearly a more concrete step towards competing in the market dominated by Amazon and eBay, and to a lesser extent by companies such as walmart.com, Jet and Rakuten."
    • eBay (EBAY -1.9%) shares have been hardest hit on Facebook's announcement, falling over 4% from late-Friday levels in earlier trading. Amazon (AMZN -0.2%) shares have been relatively unmoved over the same period.
    | Mon, Oct. 3, 12:16 PM | 10 Comments
  • Mon, Oct. 3, 8:43 AM
    • Facebook (NASDAQ:FB) has announced its new "Marketplace" section, designed to formalize local buying and selling that was already going on via its "Groups" feature.
    • It's not Facebook's first try at such an offering, but the new take on its marketplace is better enabled for mobile vs. a desktop PC-only product nine years ago.
    • EBay (NASDAQ:EBAY) is off 3.5 premarket in response. Facebook is up 0.2% premarket.
    • Facebook says furniture, cars and clothes top the most popular items that people are buying and selling via its platform.
    | Mon, Oct. 3, 8:43 AM | 23 Comments
  • Thu, Sep. 29, 7:34 AM
    • There aren't a lot of out-of-favor, growth accelerating growth stories with upside to estimates and a reasonably low valuation out there, but EBAY qualifies, says Deutsche's Ross Sandler, upgrading to Buy.
    • He lifts the price target to $40 from $30, suggesting 25% upside.
    • Shares +2.4% premarket to $32.61.
    | Thu, Sep. 29, 7:34 AM | 4 Comments
  • Fri, Sep. 2, 3:19 PM
    • Hassan Sawaf, previously Head of Artificial Intelligence at eBay (EBAY +0.5%), is now Director of AI at Amazon (AMZN +0.3%). He had been at the former since 2013.
    • Amazon has upped attention of late on AI initiatives like its Alexa-controlled Echo device, which is thought to see its first launch external of the U.S. market later this month.
    | Fri, Sep. 2, 3:19 PM | 23 Comments
  • Fri, Aug. 26, 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. 26, 10:03 AM | 7 Comments