Expedia Stock: Its 3Q16 Performance



Expedia stock has risen

After a disappointing first half of 2016, Expedia (EXPE) stock has had a good run in 3Q16. It has risen almost 10.0%. Priceline Group (PCLN) stock has risen 18.0% in the same period, and Ctrip.com International (CTRP) has risen 13.0%. Maybe investors are finally noticing the cheap valuations.

Increased investments by hedge funds and activist investors such as PAR Capital have also helped the run. On the other hand, concerns over instant booking monetization have led to TripAdvisor (TRIP) stock falling about 1.7% in 3Q16.

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YTD performance

Year-to-date (or YTD), Expedia stock has risen about 1.2%. In contrast, stable growth in earnings has led to a 14.0% rise in Priceline stock YTD. Ctrip.com has risen 1.8%, and TripAdvisor has fallen 26.3%. The broader market tracked by the S&P 500 ETF (SPY) rose 4.4% in the same period.

Series overview

In this series, we’ll be taking a look at Expedia’s key metrics performance. We’ll also look at analyst estimates for Expedia’s 3Q16 performance and then wrap up the series by exploring its valuation multiple.


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