Priceline Group Inc
Latest Priceline Group Inc News and Updates
What Analysts Recommend for Priceline after 3Q17 Results
Of the 31 analysts rating Priceline’s stock after the company’s 3Q17 earnings report, 19.4% (six analysts) have issued a “strong buy” rating and 58.1% (18 analysts) have issued a “buy” rating.
Eton Park Capital opens new positions in FDO, STZ, BID, EQIX, Sells NLSN, PCLN – 13F Flash
In this six-part series, we will go through some of the main positions Eton Park Capital traded this past quarter Eton Park Capital Management is a multi-strategy hedge fund founded in November 2004 by former Goldman Sachs partner Eric Mindich. The firm started new positions in Family Dollar Stores (FDO) , Constellation Brands (STZ), […]
Appaloosa Management raises its stake in American Airlines Group
Appaloosa Management enhanced its position in American Airlines Group Inc. (AAL) last quarter that now accounts for 3.48% of Appaloosa’s total 1Q portfolio.
How Did the Market React to the Terror Attack in Brussels?
SPY closed almost flat on March 22. It recovered after an initial sell-off following the terror attack in Brussels. This is common after the uncertainty of an event.
Will Market Share Gains Continue to Drive Priceline’s Revenue Growth in 2016?
For 3Q16, analysts are estimating Priceline’s revenues to grow by 16.6%, which would be higher than the 12% growth the company saw in the second quarter.
Amazon Enters the Online Travel Market with Amazon Destinations
The online travel market is consolidating. Expedia’s market share will rise to 75% with its acquisitions of Orbitz and Travelocity.
What Do Analysts Recommend for Priceline?
Priceline’s consensus 12-month target price is $1,479.55, which indicates an 11.5% return potential.
American Airlines gets significantly lower position in Appaloosa
Appaloosa Management significantly lowered its position in American Airlines (AAL) in the third quarter that ended in September 2014. The position accounts for 3.81% of the fund’s total third-quarter portfolio.
Why Did Amazon Shut Down Its Online Travel Business?
In April, Amazon had launched its new travel and hotel service, called Amazon Destinations.
TripAdvisor’s Future: Key Risks that the Company Could Face
Online travel industry leaders like Priceline (PCLN) and Expedia (EXPE) have a mixed relationship. They’re partners as well as competitors.
Why Priceline and Expedia clash over “opaque” hotel offerings
Priceline earns the majority of its revenues from the agency model, under which third parties such as hotel suppliers set the rates while Priceline earns a commission on the transaction.
OTPP opens new position in Alibaba Group
OTPP added a new position in Alibaba Group Holding (BABA) during the third quarter that ended in September. The position accounted for 0.09% of the fund’s total portfolio.
Which Segment Is Ctrip’s Biggest Contributor to Growth?
Hotels make up a significant part of Ctrip’s revenues—39% of total revenues in 2Q16—similar to OTA peers Priceline, Expedia, and TripAdvisor.
Why you should know the key differences between job reports
Few economic releases elicit as much reaction from both the stock (IVV) and bond (BND) markets as the employment reports issued by Automatic Data Processing (ADP) and the Bureau of Labor Statistics (the BLS).
Priceline Continues to Expand Using Acquisitions
Priceline (PCLN) and Expedia (EXPE) have been on an acquisition spree. They’ve spent more than $7.6 billion collectively on acquisitions over the last two years.
What Do the Key Metrics for TripAdvisor Suggest?
For 3Q16, TRIP’s revenue per shopper fell 12%. This is slightly better than the 24% decline seen in 1Q16 and the 19% decline seen in 2Q16.
Analyzing Trivago’s Key Metrics
RQPR rose 2.1% in 2015 to 1.5 euros compared to 1.4 euros in 2014. For the nine months ended in September 2016, RQPR fell 6.0%.
Online travel giant Expedia’s must-know overview for investors
Expedia’s recent quarterly earnings beat Wall Street estimates, and it posted fiscal 2013 adjusted earnings of $3.22 per share on revenues of $4.8 billion.
Expedia’s trivago acquisition raises advertising revenue growth
Officially launched in 2005, Expedia’s trivago is a known travel brand in Europe and continues to operate independently, and grow revenue via global expansion.
A Bird’s-Eye View of Orbitz Worldwide’s Full Year Performance
In fiscal 2014, Orbitz posted double-digit revenue growth on the back of strong hotel bookings. It experienced a 10% year-over-year growth in total revenues to $932 million.
Priceline’s Valuation after 2Q16: What’s Priced In?
Priceline currently trades at a forward PE multiple of 19.5x. This is slightly lower than its average valuation of 19.9x since February 2006.
Valuation: Priceline Versus Its Peers
As of November 6, 2015, Priceline’s forward PE ratio stood at 21.8x, and its average valuation stands at 20x.
A Look at Trivago’s Journey toward Its IPO
In Expedia’s 2Q16 earnings call in July 2016, CEO Dara Khosrowshahi said it would work with Trivago to file a Trivago IPO before the end of 2016.
What Do Analysts Recommend for Expedia ahead of 4Q16 Earnings?
Of the 31 analysts tracking Expedia (EXPE) stock, 19.0% (six analysts) have given it a “strong buy” recommendation, and 61.0% (19 analysts) have given it a “buy.”
Will Priceline Start Paying Dividends in 2016?
In 1H16, Priceline had operating cash flow of $1.3 billion, or ~29.5% of gross profit. At the end of 2Q16, its total cash and equivalents were $2.7 billion.
Tiger Global Management starts new position in Alibaba
Alibaba is a Chinese e-commerce firm that operates in the online and mobile marketplace and connects retailers and wholesalers with prospective customers.
Expedia Likely to Continue Dividend Payouts
Expedia (EXPE) is the only online travel player to pay a dividend to its investors.
NXP Semiconductors is Appaloosa Management’s new position
Appaloosa Management initiated a new position in NXP Semiconductors NV (NXPI) in the third quarter that ended in September 2014. The position accounts for 2.55% of the fund’s total third-quarter portfolio.
Whirlpool’s position upped in Appaloosa Management
Appaloosa Management upped its position in Whirlpool Corporation (WHR) in the third quarter that ended in September 2014. The position accounts for 4.29% of the fund’s total third-quarter portfolio.
OTPP adds new position in Grupo Aval
OTPP added a new position in AVAL during the third quarter that ended in September. The position accounted for 0.11% of the fund’s total portfolio.
OTPP establishes new position in United Technologies
OTPP added a new position in United Technologies Corp. (UTX) during the third quarter that ended in September. The position accounted for 0.13% of the fund’s total portfolio.
OTPP opens new position in XPO Logistics
OTPP added a new position in XPO Logistics Inc. (XPO) during the third quarter that ended in September. The position accounted for 0.46% of the fund’s total portfolio.
OTPP adds new position in The Priceline Group
OTPP added a new position in The Priceline Group Inc. (PCLN) during the third quarter that ended in September. The position accounted for 0.50% of the fund’s total portfolio.
Highlights of OTPP’s third quarter 13F filing
OTPP is an independent organization. It invests in pension fund assets. It administers the pensions for 307,000 active and retired teachers in Ontario.
Luxor Capital adds new position in Orbitz Worldwide
Orbitz net revenue rose 10% year-over-year to $248.1 million in 2Q14 as a result of higher hotel, vacation package, car, and air transaction volume.
Why Bridgewater starts new position in Bed, Bath and Beyond
Bridgewater Associates disclosed a new position in Bed, Bath & Beyond (BBBY). It accounted for 0.11% of the fund’s total portfolio.
Why Bridgewater Associates decreased its position in Cisco
Bridgewater Associates decreased its position in Cisco from 0.20% in the 1Q portfolio to 0.09% in the fund’s 2Q portfolio.
Appaloosa exits position in Expedia
Appaloosa Management exited a position in Expedia, Inc (EXPE) in the third quarter that ended in September 2014. The position accounted for 0.99% of the fund’s total portfolio in the second quarter.
Eton Park Capital opens new positions in FDO, STZ, BID, EQIX, Sells NLSN, PCLN – 13F Flash
In this six-part series, we will go through some of the main positions Eton Park Capital traded this past quarter Eton Park Capital Management is a multi-strategy hedge fund founded in November 2004 by former Goldman Sachs partner Eric Mindich. The firm started new positions in Family Dollar Stores (FDO) , Constellation Brands (STZ), Sotheby’s (BID), […]
TripAdvisor Stock Continues Its Declining Trend
Year-to-date through November 10, 2017, TripAdvisor stock has fallen 31.9%.
TripAdvisor Valuation: What Is Priced In?
Currently, TripAdvisor’s (TRIP) forward price-to-earnings ratio stands at 28.0x, which is lower than the 35.6x average valuation seen since its initial stock listing in 2011.
Revenue Weakness Impacts TripAdvisor’s Profitability
TripAdvisor’s (TRIP) 3Q17 adjusted EBITDA declined 17.0% YoY to $95.0 million.
How Can TripAdvisor Overcome Weakness in Hotel Bookings?
In 3Q17, TripAdvisor’s revenues grew 4.3% year-over-year to $439.0 million.
What Analysts Estimate for Priceline in 4Q17
After Priceline (PCLN) released its 3Q17 results, analysts’ estimates for 2017 and 2018 were revised downwards. For the fourth quarter of 2017, sales are expected to grow 14.8% year-over-year or YoY to $2.7 billion.
Priceline’s Increasing Leverage: What You Need to Know
A large part of Priceline’s (PCLN) growth in the past has come from acquiring smaller companies all over the world. It had to raise debt to finance some of these acquisitions.
Priceline’s 3Q17 Revenue Defies Tough Conditions
For the third quarter of 2017, Priceline’s (PCLN) revenue rose 20.2% YoY or year-over-year to $4.4 billion, driven by strong gross bookings growth of 19% YoY.
Priceline’s Key Metric Growth Is Slowing Down
Hotel accommodations have historically driven Priceline’s growth. During the third quarter of the year, Priceline’s global accommodation business booked 178 million room nights.
Why Priceline Stock Fell 14% after 3Q17 Earnings
The Priceline Group (PCLN) reported its third-quarter financial results after market hours on November 6. PCLN beat analyst estimates for both revenues and earnings.
How Investors Can Assess Priceline’s Increasing Leverage
At the end of 2Q17, Priceline (PCLN) had $6.4 billion cash on its balance sheet.
Priceline’s Valuation: What Is Priced In?
Priceline (PCLN) trades at a forward PE (price-to-earnings) multiple of 25.2x.
How the Meituan–Dianping Investment Could Help Priceline
On October 19, Priceline (PCLN) announced its $450.0 million investment in China-based Meituan–Dianping.
Why Priceline’s Margin Is on a Downtrend
For 3Q17, Priceline’s management expects its gross profit to increase 15.5%–20.5%.
Assessing Priceline’s Revenue Growth in 2017
Analysts expect Priceline’s fiscal 2017 revenues to grow 16.7% YoY to $12.5 billion, which is slightly lower than the 16.5% YoY growth seen in 2016.
Chart in Focus: Priceline’s Booking Guidance for 3Q17
In 2Q17, Priceline’s (PCLN) gross bookings grew 16.4% year-over-year to $20.8 billion.
Dara Khosrowshahi Left Expedia for Uber
After a 12-year stint at Expedia (EXPE), Dara Khosrowshahi resigned as the CEO to join Uber. Uber’s search for a new CEO started in June 2017.
Mark Okerstrom Is Expedia’s New CEO
When former CEO Dara Khosrowshahi left Expedia to join Uber, Mark Okerstrom seemed like the obvious choice for the vacant CEO position.
Wall Street’s Ratings for TripAdvisor after 2Q16 Earnings
Of the 24 analysts rating TripAdvisor (TRIP) stock after 2Q17, 8.3% (two analysts) have issued a “buy” rating, and 70.8% (17 analysts) have issued a “hold.”
What Do Analysts Estimate for TripAdvisor in 2017?
For 3Q17, TRIP’s EBITDA is expected to fall 14.0% YoY to $98.0 million. For 4Q17, EBITDA is expected to fall 1.9% YoY to $56.9 million.
Why TripAdvisor’s Margin May Fall in 2017
TripAdvisor’s (TRIP) 2Q17 adjusted EBITDA rose from $73.0 million in 2Q16 to $101.0 million in 2Q17, a 6.0% rise YoY.
TripAdvisor’s Revenue Aided by Non-Hotel Segment
For the second quarter of 2017, TripAdvisor’s (TRIP) revenue rose 8.4% YoY (year-over-year) to $424.0 million.
TripAdvisor’s Valuation: What It Means for Investors
Currently, TripAdvisor’s (TRIP) forward PE ratio is 34.5x, which is mid-level to its all-time high of 50.69x in July 2014 and its all-time low of 17.4 in October 2012.
What Do TripAdvisor’s Key Metric Trends Suggest?
TripAdvisor’s (TRIP) average monthly unique visitors in 2Q17 rose 18.0% YoY (year-over-year) to 414.0 million users compared to 2Q16.
Could Marriott’s Partnership with Alibaba Be a Game Changer?
Marriott (MAR) has entered into a joint venture agreement with China’s Alibaba Group (BABA) with an aim to provide a seamless travel experience in China.
Analysts’ Recommendations for Priceline ahead of 2Q17 Earnings
According to a Reuters consensus, of the 31 analysts tracking Priceline Group (PCLN), 23.3%, or seven analysts, have a “strong buy” rating for the stock.
Priceline Valuation: What’s Priced In?
Currently, Priceline (PCLN) trades at a forward PE (price-to-earnings) multiple of 27.3x. That’s higher than its average valuation of 22.0x since November 2008.
Why Priceline’s Second-Quarter Margin Is Expected to Fall
For 2Q17, analysts are estimating Priceline’s (PCLN) EBITDA to rise 6.7% YoY (year-over-year) to $925.4 million.
What Priceline’s Key Metrics Suggest
For the first quarter of 2017, Priceline’s (PCLN) gross bookings have risen 24.2% YoY (year-over-year) to $20.7 billion.
How Priceline Can Grow Its Revenue in 2017
For 2Q17, analysts are estimating that Priceline’s (PCLN) revenue will rise 16.7% YoY to $3.0 billion, which is higher than 12.6% in 1Q17.
What Should We Make of Priceline’s Increasing Leverage?
Priceline has been funding some of its acquisitions through debt. Total debt on its balance sheet has risen from $3.9 billion at the end of 2014 to 6.2 billion at the end of 2015.
Chemours Opens New Manufacturing Facility in Mexico
Chemours made big gains for the week ended June 30, 2017. It rose 5.3% and closed at $37.92.
What Analysts Recommend for Priceline ahead of Its 1Q17 Results
Out of the 31 analysts tracking Priceline (PCLN), seven analysts have a “strong buy” recommendation on the stock, and 18 analysts have a “buy” recommendation on the stock.
What Investors Are Willing to Pay for Priceline Stock
Priceline (PCLN) trades at a forward PE multiple of 17.1x. This is higher than its average valuation of 20x since November 2008.
Assessing Whether Priceline’s Margins Can Expand in 1Q17
Priceline (PCLN) expects its 1Q17 EBITDA to be ~$550 million–$580 million. It also expects its gross profit to increase 9.5%–14.5%
After a Stellar 2016, Can Priceline’s Revenues Grow in 2017?
For 1Q17, analysts are estimating Priceline’s (PCLN) revenues to grow 13.8% year-over-year to $2.4 billion, lower than the 16.7% YoY growth seen in 1Q16.
Priceline’s Valuations for 2017: What Is Priced In?
Priceline (PCLN) currently trades at a forward PE (price-to-earnings) multiple of 25.2x.
Demand Outpaced Supply, Hotel Occupancy Remained Flat in 2016
According to data released by data company STR for 2016, occupancy rates saw a year-over-year (or YoY) rise of 0.1% to 65.5%.
How Market Share Gains Can Boost Priceline’s Revenue Growth Rate
Priceline’s (PCLN) fiscal 2016 performance was subdued by the dollar’s appreciation. Because Priceline has a widespread international presence, it’s prone to currency fluctuation risks.
Why Did Priceline Acquire Momondo?
After the unconventional acquisition of Opentable, Momondo was a logical addition as it adds to the travel database of Kayak’s existing portfolio.
Who Could Win the Online Travel Industry Race?
With its metasearch brands—Kayak, Momondo, and Skyscanner (through Ctrip)—Priceline seems to have a larger share of the pie, leaving little on the table when Expedia goes shopping.
What the Momondo Acquisition Means for Priceline and Expedia
Momondo is estimated to have generated $125 million in revenues for the last 12 months, which means a price-to-sales multiple of 4.4x.
Priceline’s String of Acquisitions Continues with Momondo
Earlier this month, the Priceline Group (PCLN) signed a deal to acquire Momondo Group. Priceline will acquire all outstanding shares of Momondo for $550 million in an all-cash deal.
Will Market Share Gains Continue to Drive PCLN’s Revenue Growth?
For 4Q16, analysts expect Priceline’s (PCLN) revenue to rise 16.2%, less than the 18.9% growth the company saw in 3Q16.
Analyst Estimates for TripAdvisor in 2017
Of the 28 analysts rating TripAdvisor (TRIP) stock after the company’s 4Q16 earnings report, two analysts issued a “buy” rating, 23 analysts issued a “hold” rating, and three analysts issued a “sell” rating.
TripAdvisor’s Valuation: What Does It Mean for Investors?
Currently, TripAdvisor (TRIP) has a forward EV-to-EBITDA ratio of 17.9x—lower than its average of 18.5x.
Why TripAdvisor’s Margins Could Decline in 2017
TripAdvisor’s (TRIP) adjusted EBITDA decreased from $466 million in 2015 to $352 million in 2016, a decline of 24% year-over-year.
TripAdvisor’s 4Q16 Revenues Rose 2.7% YoY to $316 Million
For 4Q16, TripAdvisor’s (TRIP) revenues rose 2.7% year-over-year to $316 million.
What Investors Are Willing to Pay for Expedia
Expedia (EXPE) currently trades at a forward PE multiple of 22.5x. This multiple is significantly higher than its average valuation multiple of 14.8x since November 2008.
Expedia’s Profitability: What to Expect in 2017
For 2016, Expedia’s (EXPE) adjusted EBITDA (as reported by the company) rose 39% year-over-year or YoY to $1.6 billion, compared to $1.2 billion in 2015.
Takeaways from Expedia’s 4Q16 Key Metrics Performance
Hotel reservations accounted for 61% of Expedia’s 4Q16 revenue and remain the most important contributor to Expedia’s revenues.
Can Expedia’s Dividend Payout Increase?
EXPE is the only online travel player that pays dividends to its investors. It has also consistently increased dividend payouts.
Can Expedia’s Margins Improve in 2017? What Analysts Are Saying
For 4Q16, analysts are estimating Expedia’s (EXPE) EBITDA to rise 58.0% to $441.6 million.
What Do Analysts Estimate for TripAdvisor in 2016 and Beyond?
Of the 27 analysts rating TripAdvisor (TRIP) stock after the company’s 3Q16 earnings report, 14.8% (four analysts) issued a “buy” rating, 74.1% (20 analysts) issued a “hold” rating, and 11.1% (three analysts) issued a “sell” rating.
How Could Expedia’s Instant Booking Partnership Affect Priceline?
Priceline (PCLN) was the first OTA (online travel agent) to become part of TripAdvisor’s Instant Booking platform, joining it in late 2015.
Trivago Commercials Find a Huge Audience
Trivago spends a great deal of money on its popular ads. Three of its ads rank among the top ten most-watched travel videos on YouTube for 2016.
Trivago’s Expected IPO on December 16
Trivago, Expedia’s (EXPE) German hotel booking site, filed for an IPO in the US on November 14, 2016. The expected date for the Trivago IPO is Friday, December 16.
Analyzing Trivago’s Financials: Revenue at the Cost of Ads
Trivago’s revenue has risen an impressive 90.0% CAGR from 2010 to 2013. As Trivago’s markets mature, the growth rate will decline, as is evident from recent trends.
A Close Look at Trivago’s Business Model
Trivago combines hotel content from various sources on its platform. These hotels are then displayed to users based on their search criteria.
Trivago Filed for Initial Public Offering: What Does That Mean?
Trivago, Expedia’s (EXPE) German-based hotel booking site, has filed for an IPO in the United States. It’s seeking to list its ADRs on Nasdaq under the symbol TRVG.
Why Did Ctrip Invest in Skyscanner?
In its earnings call on November 23, Ctrip.com (CTRP) announced that it acquired a majority stake in Skyscanner, a metasearch engine based in Scotland, for ~$1.7 billion.
Can Ctrip Remain Profitable in 2016 and Beyond?
The online travel market’s margins are expected to improve now that pricing stability has returned to the industry.