TripAdvisor Inc

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. […]

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 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 (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.

After initial jitters, the S&P 500 recovered by a wide margin, rising 1.1% at the close of trading on November 9, 2016.

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.

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.

CTrip’s Accommodation Reservation segment formed in 1999. It very quickly emerged as the company’s leading revenue generator.

We know the nation is politically divided, and now the market is showing us its split personality as well.

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.

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.

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 (TRIP) shares fell ~5% during after-hours trading on February 12. The company reported lower-than-expected bottom-line results.

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.

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.

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.

Priceline’s consensus 12-month target price is $1,479.55, which indicates an 11.5% return potential.

In April, Amazon had launched its new travel and hotel service, called Amazon Destinations.

Year-to-date through February 23, 2017, Priceline (PCLN) stock has risen 11.7%, outperforming rivals Expedia and TripAdvisor (TRIP).

Online travel industry leaders like Priceline (PCLN) and Expedia (EXPE) have a mixed relationship. They’re partners as well as competitors.

Priceline Group’s (PCLN) gross bookings grew by about 19% YoY (year-over-year) during 2Q16. These strong international bookings drove overall bookings.

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.

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.

Hotels make up a significant part of Ctrip’s revenues—39% of total revenues in 2Q16—similar to OTA peers Priceline, Expedia, and TripAdvisor.

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.

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.

TripAdvisor (TRIP) reported a dismal top-line performance for the first quarter.

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.

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.

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%.

Priceline (PCLN) beat analyst estimates for earnings, driven in particular by a strong increase in bookings. However, it missed analysts’ revenue estimates.

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.

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.

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 currently trades at a forward PE multiple of 19.5x. This is slightly lower than its average valuation of 19.9x since February 2006.

As of November 6, 2015, Priceline’s forward PE ratio stood at 21.8x, and its average valuation stands at 20x.

For 2016, analysts estimate Qunar’s sales will grow 9% to ~$6.9 billion compared to a 131% growth in 2015.

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.

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.”

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 Holding’s (BKNG) fourth-quarter 2018 revenues jumped 14.6% YoY to $3.2 billion.

Instant Booking is the biggest driver for TRIP’s hotel revenue, forming 80% of its revenues.

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 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.

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.

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 (EXPE) is the only online travel player to pay a dividend to its investors.

Expedia Group (NASDAQ:EXPE) stock gained around 4% in after-hours trading on Wednesday following its first-quarter results.

TripAdvisor (TRIP) shares rose 5.7% on June 27 after D.A. Davidson upgraded its rating on the stock to a “buy.”

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.

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.

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 (TRIP) average monthly unique visitors fell 5% YoY to 411 million users in the first quarter due to its hotel marketing optimization initiatives.

On May 7, TripAdvisor (TRIP) reported mixed results for the first quarter.

Expedia’s air travel business accounted for 10% of the total first-quarter revenues. The segment’s first-quarter revenues grew 3% YoY.

On March 6, TripAdvisor (TRIP) shares fell more than 3%. Cowen slammed the online travel agency with a bear note.

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 Holdings stock (BKNG) plunged 11% on February 28 after the company issued dismal guidance for the first quarter of 2019.

Booking Holdings (BKNG) has a consensus rating of ~2.18 from analysts polled by Reuters.

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.

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.

The travel industry dynamics have changed drastically over the last decade. Travelers are shifting to online travel booking agencies.

Lodging is the major revenue growth driver for Expedia. The business unit accounted for 69% of the company’s fourth-quarter revenues.

Expedia’s (EXPE) revenues rose 10% YoY (year-over-year) to $2.56 billion in the fourth quarter.

Expedia reported strong fourth-quarter results on February 7. The company’s adjusted EPS of $1.24 beat analysts’ expectation of $1.08.

Among the 32 analysts covering Expedia, seven recommended a “strong buy,” 15 recommended a “buy,” and ten recommended a “hold.”

TripAdvisor registered a YoY (year-over-year) improvement in its average monthly unique visitors and revenue per hotel shopper.

TripAdvisor’s (TRIP) fourth-quarter revenues grew 8% YoY (year-over-year) to $346 million and beat analysts’ forecast of $342.8 million.

Most analysts have turned bullish on Expedia stock. Most analysts raised their target price after the company’s fourth-quarter results on February 7.

Lodging accounted for 69% of Expedia’s fourth-quarter revenues. Lodging is still the most important contributor to the company’s top line.

In the fourth quarter, Expedia’s (EXPE) revenues of $2.56 billion beat analysts’ estimate of $2.54 billion and rose 10% YoY.

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.

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 Group (EXPE) plans to report its fourth-quarter 2018 earnings results on February 7.

Wall Street analysts expect Expedia (EXPE) to continue benefiting from a healthy travel demand environment.

Expedia (EXPE) could be an intriguing investment choice, according to Wall Street analysts’ latest ratings.

With such a massive product portfolio and partnerships, Expedia is well positioned to capitalize on the growth opportunities in the travel industry.

Goldman Sachs (GS) analyst Heath Terry upgraded his rating on Expedia (EXPE) to “buy” from “neutral.”

For 2018, analysts expect TripAdvisor to report non-hotel revenues of $449 million—YoY (year-over-year) growth of ~25%.

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.

Analysts expect Expedia (EXPE) to continue to benefit from an environment of healthy travel demand.

Expedia’s (EXPE) revenue rose 10.5% YoY (year-over-year) to $3.28 billion in the third quarter.

Expedia (EXPE) is a leading online travel booking company that has relationships with over 200,000 hotel owners across 200 countries.

Expedia (EXPE) could be an intriguing stock to watch, according to Wall Street analysts’ latest ratings.

On November 9, most online travel agency shares fell after CNN Business reported deep concerns about the slowing Chinese economy.

On November 8, TripAdvisor stock rose more than 15%. The company announced its third-quarter earnings on November 7 after the market closed.

Ctrip.com International (CTRP) posted strong third-quarter results yesterday.

TripAdvisor’s third-quarter revenues grew 4% YoY to $458 million due to its Non-Hotel business segment’s strong performance.

Booking Holdings stock jumped over 6% in after-hours trading yesterday on its better-than-expected earnings outlook for the fourth quarter of 2018.

Alphabet’s (GOOGL) Google has recently launched a new set of tools for online travel planning and hotel booking.

TripAdvisor, which is an American travel and restaurant website company, was the S&P 500’s top gainer on May 9.

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 was the S&P 500’s top gainer on February 6. TripAdvisor regained strength this week and started on a stronger note.

Year-to-date through November 10, 2017, TripAdvisor stock has fallen 31.9%.

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.

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.

TripAdvisor’s (TRIP) 3Q17 adjusted EBITDA declined 17.0% YoY to $95.0 million.

In 3Q17, TripAdvisor’s revenues grew 4.3% year-over-year to $439.0 million.

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.

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.