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Expedia, Inc. (EXPE)

  • Jan. 31, 2013, 11:38 AM
    Priceline (PCLN -2.4%) and Expedia (EXPE -1.6%) slide after Morgan Stanley's Scott Devitt downgrades Priceline to Equalweight. Devitt sees Priceline posting a bookings CAGR of 19% over the next 3 years (down from 46% over the last 3) and also expects EBITDA margin to fall by 220 bps over this time. Tougher European competition from Expedia, Google's (GOOG) online travel efforts, rising travel search ad costs (good for Google), and a shift to mobile bookings (Priceline is better at monetizing PC activity) are also concerns.
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  • Jan. 8, 2013, 2:52 PM
    The FTC has signed off on Priceline's (PCLN) $1.8B acquisition of Kayak (KYAK). Though the combined clout of Priceline/Kayak in the online travel search/bookings space will be huge, the presence of competition from Expedia, Google, and others seems to have mollified regulators. Priceline has said Kayak will be run as an independent company led by its current management.
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  • Jan. 3, 2013, 9:32 AM
    Priceline (PCLN +1.6%) opens higher following an upgrade to Buy from BofA/Merrill. the firm, which has raised its PT to $770, thinks Priceline offers more potential upside to 2013 estimates than Expedia (EXPE), foresees strong international growth over the next 3 years even as European growth slows down, believes Europe will have a modest 2H economic recovery, and is positive on the Kayak acquisition. Priceline has been range-bound since late August.
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  • Dec. 24, 2012, 10:23 AM
    Microsoft (MSFT), EMC, Expedia (EXPE), and Terex (TEX) all generate free cash flow well in excess of their earnings, notes Barron's, something it thinks value investors should give heed to. Microsoft trades at 9.6x estimated EPS for its current fiscal year, but just 7.9x FCF. For EMC, the multiples are 15.1x and 11.5x; for Expedia, 19.2x and 15.2x; and for Terex, 13.3x and 6.9x. Also, though by no means a value play, Red Hat (RHT) trades at 23x next year's FCF, compared with 40x EPS.
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  • Dec. 24, 2012, 9:55 AM
    There's more than meets the eye with Expedia (EXPE -0.4%) with its free cash flow expected to rise to close to $6 a share in two years, according to Raymond James. The firm also notes international bookings are growing steadily and tech investments are paying off.
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  • Dec. 21, 2012, 12:15 PM
    Online travel stocks are underperforming on a day when Expedia (EXPE -2.2%) announced it's buying 61% of popular German hotel bookings site Trivago. PCLN -2.4%. TRIP -2.7%. OWW -4.6%. TZOO -3.3%. Priceline received 83% of its Q3 gross bookings from international markets, and the bulk of that came from Europe.
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  • Dec. 21, 2012, 10:51 AM
    Expedia (EXPE -1.5%) takes a 61.6% stake in Trivago for a consideration of close to $632M. The German company operates one of the fastest growing travel sites in Europe.
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  • Dec. 12, 2012, 10:04 AM
    Having just sold his position in TripAdvisor to John Malone's Liberty Interactive, Barry Diller promises to "stay engaged" with Expedia (EXPE) as long as he's "sentient." The 70-year-old Diller remains Expedia's chairman, and has profited nicely from its 2012 run-up.
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  • Dec. 11, 2012, 9:14 AM
    Liberty Interactive (LINTA) acquires voting control of TripAdvisor (TRIP) by buying over 4.799M shares from Barry Diller and The Diller-von Furstenberg Family Foundation at $62.50 a share. TRIP halted, but PCLN +0.9% and EXPE +3%.
  • Dec. 10, 2012, 11:53 AM
    Priceline (PCLN -4.7%) and Expedia (EXPE -3.5%) are off after Deutsche downgrades Priceline to Hold on a belief a margin-compressing "Cold War" will break out in European online travel. The culprits: Expedia's growing efforts to acquire customers following an improvement in conversion rates; a declining amount of travel-related Google (GOOG) PC ad clicks thanks to the mobile shift; and the possibility Google will make a stronger travel search push once its regulatory issues are handled.
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  • Dec. 7, 2012, 4:20 PM
    Expedia (EXPE) declares special dividend of $0.52/share. For shareholders of record Dec. 17. Payable Dec. 28. Ex-div date Dec. 13. (PR)
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  • Nov. 9, 2012, 4:20 PM
    Priceline (PCLN -0.3%) and Expedia (EXPE -0.8%) pared the losses they saw after the Kayak (KYAK +28.1%) deal was announced, while TripAdvisor (TRIP +0.6%) fully erased its decline. Nomura's Brian Nowak points out Kayak could take a hit if Expedia (its biggest advertiser) cuts back on spending in response, and that TripAdvisor's 2013 estimates could be at risk if Priceline cuts its ad spending now that it has Kayak as a channel. As far as Priceline goes, Nowak likes the deal's ability to lower Priceline's dependence on Google traffic. (previous)
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  • Nov. 8, 2012, 4:31 PM
    Expedia (EXPE) -4.3% AH on news Priceline (PCLN) is acquiring Kayak (KYAK). Investors are likely worried the direct integration of Priceline's travel listings and bidding platform with Kayak's search engine will hurt Expedia's market share. TripAdvisor (TRIP) -3.3% AH, likely on concerns the Priceline deal could end its travel reviews partnership with Kayak. Priceline is holding a call to discuss the merger (webcast).
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  • Nov. 2, 2012, 9:36 AM
    As expected, the solid earnings reports from Priceline and TripAdvisor, have lit a torch under sector players such as Ctrip (CTRP +1.3%), Expedia (EXPE +2.2%), Travelzoo (TZOO +2.8%), Orbitz (OWW -0.6%), and Kayak (KYAK +3.5%) in early trading. The general theme is the online travel business is stabilizing as it adjusts its model to dialed-down expectations in Europe and Asia.
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  • Nov. 1, 2012, 6:44 PM
    Priceline (PCLN) now +9.5% AH following its Q3 beat. Q4 guidance is for EPS of $6.12-$6.57, in-line with a $6.34 consensus and fine with investors worried about Europe and (increasingly) the U.S. Total bookings rose 25% Y/Y in Q3 - international +30%, domestic +7% - only a slight slowdown from Q2. Q4 bookings are expected to grow 21%-28% Y/Y, with 27%-35% international growth offsetting flat domestic growth. Between Priceline and TripAdvisor, online travel names such as EXPE, TZOO, OWW, and KYAK could have a good day tomorrow. (PR)
  • Oct. 26, 2012, 9:10 AM
    Premarket gainers: EXPE +16%. PPC +11%. ACI +10%. GALE +6%. JRCC +6%. LOGI +6%.
    Losers: CBRX -28%. CTCT -22%. DECK -19%. VRSN -17%. IMOS -15%. SPF -6%. ERIC -5%. CSTR -5%.
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Company Description
Expedia Inc is an online travel company. The Company offers holidaypackages, rental cars, cruises, as well as destination services and activities.Its business segments areLeisure and Egencia.
Sector: Services
Industry: Lodging
Country: United States