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Priceline Group Inc. (PCLN)

- NASDAQ
  • 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%.
    | 2 Comments
  • 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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  • Nov. 23, 2012, 11:07 AM
    So-called Tiger Cub hedge funds continue to feast on Priceline (PCLN +0.3%), notes Insider Monkey. The funds, boasing managers who cut their teeth at Julian Robertson’s Tiger Management, aren't the only bullish-leaning institutional investors even in the face of the recent purchase of Kayak that looks pricey.
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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. 9, 2012, 8:54 AM
    Cantor Fitzgerald reiterates its Buy rating on Priceline (PCLN) following the industry-rattling purchase of Kayak. The firm says the deal makes "strategic sense" because of the valuable meta search engine that can now be built out globally.
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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. 8, 2012, 4:23 PM
    Priceline (PCLN) is acquiring Kayak Software (KYAK) for $40/share, or $1.8B. The price represents a 29% premium to Kayak's close today. 1/3 of the purchased will be financed via cash, and 2/3 via stock. Priceline expects the deal to close in Q1, and have a minimal impact on 2013 EPS. Regulators may take a close look. PCLN -1.5% AH. KYAK is halted until 4:30 p.m.  (PR)
    | 1 Comment
  • Nov. 2, 2012, 9:10 AM
    Premarket gainers: TRIP +20%. BGFV +14%. PCLN +11%. NBG +10%. SBUX +9%. DNDN +8%. ANR +8%. OCZ +8%. LNKD +7%.
    Losers: ACTV -28%. GLUU -16%. ALU -12%. VRTX -10%. GES -10%. PSEC -8%. FSLR -6%. SWKS -5%.
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  • Nov. 1, 2012, 6:48 PM
    After-hours top gainers, as of 6:30 p.m.: TRIP +17.3%; PCLN +8.5%; LNKD +7.8%; OWW +5.3%; YPF +4.4%.
    After-hours top losers: ACTV -25.1%; EDMC -8.4%; GES -7.3%; MELI -6.4%; INCY -6%.
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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)
    | 3 Comments
  • Nov. 1, 2012, 4:06 PM
    Priceline (PCLN): Q3 EPS of $12.40 beats by $0.59. Revenue of $1.70B (+25.2% Y/Y) beats by $50M. Shares +7.5% AH. (PR)
    | 1 Comment
  • Nov. 1, 2012, 12:10 AM
    Notable earnings after Thursday’s close: AIG, AIV, ALSK, ATML, BKD, BMR, CAR, CENX, CHK, DCT, DDR, DWA, EIX, EQIX, FLR, FSLR, GLUU, HAIN, HIG, HTGC, INT, ITMN, JMBA, JOE, KERX, KOG, LIFE, LLNW, LNC, LNKD, LVS, MDLZ, MELI, MNKD, NEM, NGD, NKTR, NLY, OMPI, ONNN, ONXX, OPEN, PBI, PCLN, ROVI, RSG, SAM, SBUX, SHO, SKUL, SPWR, SWKS, SWN, TRIP, UNTD, VNO, VRTX, WBMD, WIT, WPRT, YELP, ZAGG, ZIOP
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  • Oct. 31, 2012, 5:35 PM
    Notable earnings after Thursday’s close: AIG, AIV, ALSK, ATML, BKD, BMR, CAR, CENX, CHK, DCT, DDR, DWA, EIX, EQIX, FLR, FSLR, GLUU, HAIN, HIG, HTGC, INT, ITMN, JMBA, JOE, KERX, KOG, LIFE, LLNW, LNC, LNKD, LVS, MDLZ, MELI, MNKD, NEM, NGD, NKTR, NLY, OMPI, ONNN, ONXX, OPEN, PBI, PCLN, ROVI, RSG, SAM, SBUX, SHO, SKUL, SPWR, SWKS, SWN, TRIP, UNTD, VNO, VRTX, WBMD, WIT, WPRT, YELP, ZAGG, ZIOP
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  • Oct. 26, 2012, 8:07 AM
    Priceline.com (PCLN) bounces 4.2% higher in premarket action after Expedia delivers a strong Q3. The bounce in the online travel could also be a bit of a relief rally after Google cast a dark shadow on the sector with comments on "weak travel" on its Q3 earnings CC (transcript).
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  • Oct. 23, 2012, 1:56 PM
    A judge in Hawaii rules online travel sites won't have to pay the state hotel room tax for a period of time that covers 1999 to 2011. The ruling could save the companies close to $700M in back costs. Clearer sailing: EXPE, PCLN, OWW.
    | 1 Comment
  • Oct. 15, 2012, 4:31 PM
    Priceline (PCLN) -1.2% AH after announcing chairman Ralph Bahna is retiring at year's end, and that CEO Jeffery Boyd will take over his job. Bahna, who has been chairman since April '04, will also resign from Priceline's board effective June '13. Priceline is also adding Thomas Rothman, the head of News Corp.'s Fox Filmed Entertainment division, as a new board member, and appointing existing director James Guyette to the new role of Lead Independent Director.
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Company Description
Priceline Group Inc is a provider of online travel and travel related reservation and search services. The Company offer consumers accommodation reservations through its Booking.com, priceline.com and agoda.com brands.
Sector: Services
Country: United States