Do Analyst Estimates Suggest that Priceline’s Margins Have Peaked?
Analyst estimates For 4Q15, analysts are estimating Priceline’s (PCLN) EBITDA (earnings before interest, tax, depreciation, and amortization) to grow by 5% to $749 million with an EBITDA margin of 38%. For fiscal 2015, its EBITDA is expected to grow by 7% to $3,695 million with an EBITDA margin of 40.3%, a decline as compared to 2014. […]
Tiger Global Management starts positions in YHOO, LINTA, SODA, TRIP and sells SBGI, QCOM—13F Flash E
In this six-part series, we’ll go through some of the main positions Tiger Global Management traded this past quarter. Why sell Sinclair Broadcast Group (SBGI)?
Quest Diagnostics: S&P 500’s Top Loser on September 25
Quest Diagnostics was the S&P 500’s top loser on September 25. On September 25, Quest Diagnostics fell 7.4% to $94.38—the lowest close in seven months.
Expedia’s Valuation: What Is Priced In?
Expedia (EXPE) currently trades at a forward PE (price-to-earnings) multiple of 16.79x. This is significantly higher than its average valuation of 12.61x since November 2008.
How Have Travel Stock Prices Reacted to Trump’s Win?
After initial jitters, the S&P 500 recovered by a wide margin, rising 1.1% at the close of trading on November 9, 2016.
Investors Digesting Analysts’ Optimism over Expedia
Out of the 28 analysts surveyed by Bloomberg who track Expedia (EXPE), 19 analysts have a “buy” recommendation on the stock, eight analysts have a “hold” rating, and one analyst has a “sell” rating.
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.
Why Are Reservations Ctrip’s Leading Revenue Generator?
CTrip’s Accommodation Reservation segment formed in 1999. It very quickly emerged as the company’s leading revenue generator.
Election Over, Market Still Undecided
We know the nation is politically divided, and now the market is showing us its split personality as well.
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.
Is Priceline’s Stock Too Expensive?
Priceline doesn’t offer any cash dividends on its common stock since it prefers to retain future earnings to finance the expansion of its business.
TripAdvisor Better Do This to Reduce Its Leverage in 2H16
The total debt on TripAdvisor’s (TRIP) balance sheet has decreased from $288 million at the end of 2Q15 to $92 million at the end of 2Q16.
TripAdvisor Fell ~5% after Its Q4 Earnings
TripAdvisor (TRIP) shares fell ~5% during after-hours trading on February 12. The company reported lower-than-expected bottom-line results.
TripAdvisor: S&P 500’s Top Gainer in the Week Ending November 24
TripAdvisor was the S&P 500’s top gainer in the week ending November 24. It started the week on a stable note and rose as the week progressed.
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.
Analysts’ Mixed Recommendations for Qunar Cayman Islands
Qunar Cayman Islands (QUNR) is expected to report its fiscal 4Q15 earnings on March 21, 2016. Of the 12 analysts tracking Qunar, six analysts have a “buy” recommendation on the stock.
What Do Analysts Recommend for Priceline?
Priceline’s consensus 12-month target price is $1,479.55, which indicates an 11.5% return potential.
Why Did Amazon Shut Down Its Online Travel Business?
In April, Amazon had launched its new travel and hotel service, called Amazon Destinations.
How Has the Market Reacted to Priceline’s Acquisition of Momondo?
Year-to-date through February 23, 2017, Priceline (PCLN) stock has risen 11.7%, outperforming rivals Expedia and TripAdvisor (TRIP).
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.
What Does High Bookings Growth Mean For Priceline’s Revenue Growth?
Priceline Group’s (PCLN) gross bookings grew by about 19% YoY (year-over-year) during 2Q16. These strong international bookings drove overall bookings.
Greece Worries Lead Investors to Investment-Grade Bonds
The Federal Open Market Committee’s June statement didn’t elicit a strong reaction in either direction from investment-grade bonds, especially not from Treasuries.
Comparing Orbitz Worldwide to its online travel peers like Expedia
We compared Orbitz Worldwide Inc. (OWW) with its peers Expedia (EXPE), The Priceline Group (PCLN), the China-based Ctrip.com International (CTRP), and TripAdvisor (TRIP) in the OTA (online travel agency) space.
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 Is TripAdvisor’s Stock in Free Fall after Its 3Q16 Earnings?
TripAdvisor (TRIP) reported its 3Q16 results on November 8, 2016. Although the company’s results missed analysts’ estimates on the revenue front, they slightly beat analysts’ earnings estimates.
Ctrip Stock Continues to Lose Value in November
On November 18, Ctrip.com’s (CTRP) stock price fell 5% to $42.02. The stock has had quite a volatile ride in 2016, though some of this was also expected.
How TripAdvisor’s Top Line Performed in the First Quarter
TripAdvisor (TRIP) reported a dismal top-line performance for the first quarter.
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%.
Why Did Priceline Stock Rally after the 2Q16 Results?
Priceline (PCLN) beat analyst estimates for earnings, driven in particular by a strong increase in bookings. However, it missed analysts’ revenue estimates.
How Has International Growth Helped Priceline?
Despite the slowing domestic market growth, the strong growth in international demand for Priceline’s services has been the key driver of the company’s revenues.
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.
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.
What Are Analysts’ Recommendations for Qunar Stock?
For 2016, analysts estimate Qunar’s sales will grow 9% to ~$6.9 billion compared to a 131% growth in 2015.
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.”
Tiger Global Management starts positions in YHOO, LINTA, SODA, TRIP and sells SBGI, QCOM—13F Flash A
In this six-part series, we’ll go through some of the main positions Tiger Global Management traded this past quarter. Why buy Yahoo Inc. (YHOO)?
Booking’s Prepaid Business Model Drove Q4 Revenues Higher
Booking Holding’s (BKNG) fourth-quarter 2018 revenues jumped 14.6% YoY to $3.2 billion.
TripAdvisor’s Tough Road after Joining Instant Booking
Instant Booking is the biggest driver for TRIP’s hotel revenue, forming 80% of its revenues.
Expedia’s Valuation versus Peers after 3Q15
As of October 31, Expedia’s forward PE ratio was 24.5x—near its high of 29x in May 2015. Analysts haven’t changed their estimates significantly for 4Q15.
Huge Growth Marks Ctrip’s Transportation Ticketing Segment
Huge demand has led to a tremendous increase in air tickets for Ctrip (CTRP). Air tickets volume rose by an average of 25% from 2010 to 2013.
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.
Expedia’s Valuation: What’s Priced In?
Current valuation Expedia (EXPE) currently trades at a forward PE (price-to-earnings) multiple of 17.26x. This is significantly higher than its average valuation multiple of 12.61x as of November 2008. It’s also higher than rival Priceline’s (PCLN) forward PE multiple of 15.06x and the industry median multiple of 16.89x. The market is expecting EXPE’s EBITDA (earnings […]
Expedia Likely to Continue Dividend Payouts
Expedia (EXPE) is the only online travel player to pay a dividend to its investors.
Why Expedia Stock Rose 4% despite Weak Q1 Results
Expedia Group (NASDAQ:EXPE) stock gained around 4% in after-hours trading on Wednesday following its first-quarter results.
TripAdvisor Rose 5.7% Due to Rating Upgrade from Davidson
TripAdvisor (TRIP) shares rose 5.7% on June 27 after D.A. Davidson upgraded its rating on the stock to a “buy.”
Why TripAdvisor Stock Has Lost 12.5% YTD
TripAdvisor (TRIP) has fallen 12.5% YTD. As of its June 19 closing price of $47.19, the stock is currently trading near its 52-week low of $42.01 reached on June 3. The majority of online travel booking agencies have also reported a decline or slower growth in their first-quarter revenues.
Why SunTrust Turned Bullish on TripAdvisor Stock
TripAdvisor (TRIP) rose ~2% on June 19 after SunTrust turned bullish on the stock. SunTrust analyst Naved Khan upgraded his rating on the vacation booking company to “buy” from “hold,” citing a robust revenue growth projection for its Experiences segment over the next several years.
Why TripAdvisor Lost ~14% of Its Market Value Last Week
Shares of online travel booking agency TripAdvisor (TRIP) fell 13.8% last week. The stock is currently trading near its 52-week low of $43.40 from October 10 last year.
TripAdvisor’s Monthly Unique Visitors Fell in the First Quarter
TripAdvisor’s (TRIP) average monthly unique visitors fell 5% YoY to 411 million users in the first quarter due to its hotel marketing optimization initiatives.
TripAdvisor’s Q1 Earnings Beat Estimates, Revenues Come Up Short
On May 7, TripAdvisor (TRIP) reported mixed results for the first quarter.
Analyzing Expedia’s Key Revenue Metric Trends in Q1
Expedia’s air travel business accounted for 10% of the total first-quarter revenues. The segment’s first-quarter revenues grew 3% YoY.
TripAdvisor Shares Fell More than 3% after Downgrade
On March 6, TripAdvisor (TRIP) shares fell more than 3%. Cowen slammed the online travel agency with a bear note.
Where Does Booking Holdings Stand among Peers?
Booking Holdings (BKNG) stock is currently trading at a discounted PE valuation multiple to its peers Ctrip.com International (CTRP), TripAdvisor (TRIP), and Expedia (EXPE).
Booking Stock Fell 11% on Weaker-Than-Expected Q1 Outlook
Booking Holdings stock (BKNG) plunged 11% on February 28 after the company issued dismal guidance for the first quarter of 2019.
Analysts Recommend ‘Buys’ on Booking Holdings ahead of Q4 Earnings
Booking Holdings (BKNG) has a consensus rating of ~2.18 from analysts polled by Reuters.
Expedia Has an Attractive Valuation Multiple
Expedia stock is trading at a PE ratio of 22.07x. At the current multiple, the stock is trading at a discounted valuation compared to its peers.
Booking Holdings’ Prepaid Business Model to Drive Q4 Revenues
Apart from a healthy travel demand environment, Booking Holdings’ (BKNG) sustained focus on investing in marketing, alternative accommodations, people, and technology could continue driving its revenues.
Will Expedia Benefit from Online Travel Booking Demand?
The travel industry dynamics have changed drastically over the last decade. Travelers are shifting to online travel booking agencies.
Expedia: Key Revenue Metric Trends in Q4
Lodging is the major revenue growth driver for Expedia. The business unit accounted for 69% of the company’s fourth-quarter revenues.
Analyzing Expedia’s Q4 Revenues
Expedia’s (EXPE) revenues rose 10% YoY (year-over-year) to $2.56 billion in the fourth quarter.
How Did Expedia Perform in Q4?
Expedia reported strong fourth-quarter results on February 7. The company’s adjusted EPS of $1.24 beat analysts’ expectation of $1.08.
Expedia’s Share Price: Analysts Expect Strong Upside
Among the 32 analysts covering Expedia, seven recommended a “strong buy,” 15 recommended a “buy,” and ten recommended a “hold.”
TripAdvisor’s Key Metrics Had a Mixed Performance in Q4
TripAdvisor registered a YoY (year-over-year) improvement in its average monthly unique visitors and revenue per hotel shopper.
TripAdvisor: Non-Hotel Segment Drove Its Q4 Revenues
TripAdvisor’s (TRIP) fourth-quarter revenues grew 8% YoY (year-over-year) to $346 million and beat analysts’ forecast of $342.8 million.
Expedia: Analysts Turned Bullish after Its Strong Q4 Earnings
Most analysts have turned bullish on Expedia stock. Most analysts raised their target price after the company’s fourth-quarter results on February 7.
Analyzing Expedia’s Key Metrics in Q4
Lodging accounted for 69% of Expedia’s fourth-quarter revenues. Lodging is still the most important contributor to the company’s top line.
Expedia: Travel Demand and Marketing Initiatives
In the fourth quarter, Expedia’s (EXPE) revenues of $2.56 billion beat analysts’ estimate of $2.54 billion and rose 10% YoY.
Why Does TripAdvisor Trade at a Premium Valuation to Peers?
At current market prices, TripAdvisor’s (TRIP) PE ratio stands at 39.7x, which is between its all-time high of 50.7x in July 2014 and its all-time low of 17.4x in October 2012.
Marketing and Product Design to Drive TripAdvisor’s User Base
TripAdvisor’s (TRIP) sustained focus on enhancing its mobile-centric product designs along with marketing initiatives will likely continue to attract new users and drive overall user base.
Expedia Is Likely to Post Double-Digit Earnings Growth in Q4
Expedia Group (EXPE) plans to report its fourth-quarter 2018 earnings results on February 7.
What Analysts Expect from Expedia’s Q4 Top and Bottom Line
Wall Street analysts expect Expedia (EXPE) to continue benefiting from a healthy travel demand environment.
What’s Driving Wall Street’s Bullish Stance on Expedia Stock?
Expedia (EXPE) could be an intriguing investment choice, according to Wall Street analysts’ latest ratings.
Expedia to Benefit from Rising Online Travel Demand
With such a massive product portfolio and partnerships, Expedia is well positioned to capitalize on the growth opportunities in the travel industry.
Goldman Upgrades Expedia’s Rating, Sees ~24% Upside in the Stock
Goldman Sachs (GS) analyst Heath Terry upgraded his rating on Expedia (EXPE) to “buy” from “neutral.”
Non-Hotel Segment: TripAdvisor’s Key Revenue Growth Driver
For 2018, analysts expect TripAdvisor to report non-hotel revenues of $449 million—YoY (year-over-year) growth of ~25%.
Where Expedia Stands among Its Peers
Currently, Expedia’s (EXPE) PE multiple stands at 20.63x. At its current multiple, the stock is trading at a premium valuation to its peers.
Expedia’s Q4 2018 Results: What Do Analysts Expect?
Analysts expect Expedia (EXPE) to continue to benefit from an environment of healthy travel demand.
Breaking Down Expedia’s Q3 2018 Revenue
Expedia’s (EXPE) revenue rose 10.5% YoY (year-over-year) to $3.28 billion in the third quarter.
Expedia to Gain from Rising Online Travel Platform Demand
Expedia (EXPE) is a leading online travel booking company that has relationships with over 200,000 hotel owners across 200 countries.
Wall Street Expects Expedia Stock to Surge More than 30%
Expedia (EXPE) could be an intriguing stock to watch, according to Wall Street analysts’ latest ratings.
Online Travel Agencies’ Stocks Fell on November 9
On November 9, most online travel agency shares fell after CNN Business reported deep concerns about the slowing Chinese economy.
TripAdvisor Stock Rose 15%, Q3 Earnings Crushed the Estimates
On November 8, TripAdvisor stock rose more than 15%. The company announced its third-quarter earnings on November 7 after the market closed.
Ctrip’s Q3 Earnings and Revenues Beat Analysts’ Estimates
Ctrip.com International (CTRP) posted strong third-quarter results yesterday.
TripAdvisor Shares Rose 8% Due to Strong Q3 Earnings Growth
TripAdvisor’s third-quarter revenues grew 4% YoY to $458 million due to its Non-Hotel business segment’s strong performance.
Booking Holdings Stock Rose on Better-than-Expected Q4 Forecast
Booking Holdings stock jumped over 6% in after-hours trading yesterday on its better-than-expected earnings outlook for the fourth quarter of 2018.
What’s at Stake as Google Adds More Travel Planning Tools?
Alphabet’s (GOOGL) Google has recently launched a new set of tools for online travel planning and hotel booking.
TripAdvisor: S&P 500’s Top Gainer on May 9
TripAdvisor, which is an American travel and restaurant website company, was the S&P 500’s top gainer on May 9.
Who Gained the Most in the Consumer Sector Last Week?
Coty (COTY) released its fiscal 2Q18 results before the market opened on February 8. Its revenue increased 14.8% YoY to $2.63 billion.
TripAdvisor: S&P 500’s Top Gainer on February 6
TripAdvisor was the S&P 500’s top gainer on February 6. TripAdvisor regained strength this week and started on a stronger note.
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.
Chart in Focus: TripAdvisor’s Leverage after 3Q17
At the end of 3Q17, TripAdvisor had $763.0 million in cash and short-term investments on its balance sheet—lower than the ~$904.0 million it had at the end of 2016.
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.