Seeking Alpha

Expedia (EXPE -1.4%) gives back a bit of Friday's huge post-earnings gains after Barclays'...

Expedia (EXPE -1.4%) gives back a bit of Friday's huge post-earnings gains after Barclays' Anthony DiClemente downgrades shares to Underweight. DiClemente argues Expedia's strong hotel bookings growth is "being driven by deep discounting" that's hurting its margins, and thinks it's limited cash balance will limit future stock buybacks. He's also not crazy about Expedia's valuation.
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