|Bid||1,895.00 x 1200|
|Ask||1,896.59 x 1100|
|Day's Range||1,890.09 - 1,933.04|
|52 Week Range||1,640.54 - 2,094.00|
|Beta (5Y Monthly)||1.11|
|PE Ratio (TTM)||19.49|
|Earnings Date||Feb 24, 2020 - Mar 01, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2,130.00|
eBay's (EBAY) fourth-quarter 2019 results reflect solid momentum across its managed payments offerings and Promoted Listings. However, declining GMV remains a major concern.
Whether it's online travel companies like Trivago, Booking.com, or Airbnb, regulators around the world are lashing out at the business models of these companies and their competitors. In two recent examples, the Australian Competition Commission disclosed that the country's federal court found that Germany's hotel-price comparison business Trivago was displaying hotel rates from the highest […]
U.S. equity markets have experienced downbeat trade this past week as investors keep one eye trained on a deadly flu outbreak in China.
A new coronavirus, 2019-nCoV, is starting to make its way across the world. The outbreak began at the end of 2019 in Wuhan, China; it has killed several dozen people, infected thousands more and spread to several countries, including the U.S., since then. Memories of the 2002-03 SARS and 2015 MERS outbreaks are popping back up - including on Wall Street, where several highly touted stock picks have been derailed by the health scare.It's no small worry. The SARS outbreak not only tallied 774 deaths across more than 8,000 cases over a six-month period, but helped knock China's GDP down from 11.1% in the first quarter of 2003 to 9.1% in the second quarter. Depending on the estimate, it removed between $40 billion to $100 billion from the world's economy.Like SARS, today's coronavirus outbreak also is happening at a troublesome time: the Chinese Lunar New Year. The heavy travel period is what helped spread SARS throughout Asia, and what could contribute to a faster spread of the coronavirus.This health issue is weighing on America's broader stock markets, but it's particularly cutting into a few specific industries where the financial strain is already being felt. If there's any silver lining, it's that, like with SARS, this could end up being an opportunity to buy otherwise high-quality stocks at a discount for a potential snap-back.Here, we look at eight stock picks that are being hampered by the coronavirus outbreak, but may eventually be attractive buy-the-dip prospects. SEE ALSO: The 20 Best Stocks to Buy for 2020
Booking Holdings (BKNG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Fresh off the news announcing 200 layoffs around the world, Tripadvisor informed employees on Thursday about a wide-ranging reorganization. The company will reverse its long-standing playbook and emphasize Viator as a separate tours and activities brand. In an employee letter obtained by Skift from a source close to the company, and sent after market close […]
Planters just killed off its iconic Mr. Peanut mascot in a Super Bowl pregame ad. The Kraft Heinz (KHC)snack brand changed the name on Mr. Peanut’s official Twitter (TWTR)account on Wednesday to “The Estate of Mr. Peanut” and tweeted that the natty nut known for his top hat, monocle, spats and cane had passed away. It is with heavy hearts that we confirm that Mr. Peanut has died at 104.
(Bloomberg) -- Sign up for Next China, a weekly email on where the nation stands now and where it's going next.China’s Didi Chuxing, after two horrendous years in its ride-hailing business, is losing the confidence of at least some investors that it can live up to its once-lofty ambitions.Shares in Didi are trading privately at as much as a 40% discount to its peak valuation, according to people familiar with matter. They changed hands at about $33 to $35 per share in private trades late last year, compared with a record of $55 per share, the people said, requesting not to be named because the matter is private. A Didi representative declined to comment.While the private transactions were small and Didi has scores of investors, the hefty discount marks concern over a company that had ranked among the world’s premier startups with a valuation of $56 billion, according to CB Insights. Investors have begun to question whether the ride-hailing model can ever turn a profit after disappointing public offerings from Uber Technologies Inc. and Lyft Inc. Didi, led by founder and Chief Executive Officer Cheng Wei, has endured even deeper troubles after the murder of two passengers and intense scrutiny from regulators.“Many investors are questioning whether Didi can ever turn profitable,” said Shawn Yang, an analyst at Blue Lotus Capital Advisors. “Uber and Lyft’s share tanks underscore skepticism about the industry as a whole.”It’s another challenge for SoftBank Group Corp. and founder Masayoshi Son, who took a hit last year with the implosion of WeWork. SoftBank is the biggest backer of ride-hailing companies, with stakes in Didi, Uber, Singapore’s Grab and India’s Ola.The Japanese company invested a total of about $18 billion in the sector, making it the biggest bet in Son’s portfolio, according to Sanford C. Bernstein. SoftBank took a writedown on those holdings after the decline in Uber shares, Bloomberg News reported in November.Still, Didi retains a dominant position in Chinese ride-hailing, with 93% of total daily active users in 2019, according to Bernstein. That gives it a powerful platform in an enormous market, despite the latest setbacks. In a vote of confidence, Toyota Motor Corp. put $600 million into Didi in July at the $56 billion valuation, according to a person familiar with the matter.Didi is trying to prove it can get back on track. It’s reviving expansion plans after a regulatory crackdown in the wake of the 2018 murders. It has stepped up safety measures, retooled management and turned to partners to broaden its network, a quicker way to expand with lower capital spending.“Didi is partnering with more third-party limousine companies,” said Julia Pan, a Shanghai-based analyst with UOB Kay Hian. ‘If it can maintain its commission above a certain rate, the demand is there and it should be able to make money eventually.”China’s Ride-Hailing Decline Hurting Car Sales, Bernstein SaysIt’s also trying to revive a lucrative car-pooling business and venturing into adjacent businesses, such as bike-sharing and food delivery. It’s expanding in Latin America, Australia and Japan, with an average of 4 million rides daily now outside of China.The company has deep cash reserves: It raised about $21 billion from backers including SoftBank, Toyota, Apple Inc. and Booking Holdings Inc., according to data compiled by Crunchbase. That’s helped it hold off competitors like Dida, Cao Cao and Shouqi Limousine & Chauffeur.Still, ride-hailing has gone from the most celebrated new business to one of the most scrutinized. Uber lost more than $1 billion in the third quarter alone, while Lyft reported $464 million in red ink the same period.While Didi doesn’t disclose financials publicly, it lost $1.6 billion in 2018, according to 36Kr. Its rider and driver app usage slid by 5% and 23%, respectively, in the third quarter, according to Sanford C. Bernstein. Didi’s challenges have delayed its time-line for both profitability and an initial public offering.This year, it faces one new uncertainty: a mysterious viral outbreak in China that has killed 17 and infected hundreds.“The first half could be another challenging period for Didi amid a pneumonia outbreak,” said Pan. “Drivers could be reluctant to put in hours and passengers could cut back on trips and traveling.”To contact the reporter on this story: Lulu Yilun Chen in Hong Kong at firstname.lastname@example.orgTo contact the editors responsible for this story: Peter Elstrom at email@example.com, Edwin ChanFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Tripadvisor will be laying off about 200 workers, and Skift has learned that its Experiences business could be one of the targets of the company's cost-cutting. Bloomberg first reported on Wednesday night the pending layoffs, saying that about 200 jobs would be eliminated, according to its sources. That would represent about 5 percent of Tripadvisor's […]
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll look at Booking...
Fears of a potential coronavirus pandemic has weighed heavily on shares of companies in a wide variety of sectors, particularly those with revenue exposure to travel into and out of China.
KAYAK, the world's leading travel search engine, is testing a new product feature that makes planning your next multi-city trip even easier. A helpful tool designed for anyone traveling to more than one destination, the new feature calculates the cheapest routes between multiple cities for the biggest savings. As the first and only metasearch to support this product globally, KAYAK is giving travelers more options to design a trip that best fits their needs and their budget.
Tokyo, Bangkok and Taipei are the top three destinations for travelers from across Asia to celebrate the Lunar New Year, according to data from Agoda, one of the world's fastest growing digital travel platforms. This year, Tokyo nudged Bangkok off pole position, steadily climbing the ranks from third place in 2018 to the top spot, while Taipei moves to third place.
Today, Booking.com, the platform making it easier for everyone to experience the world, announced the winners of the Traveller Review Awards 2020, with nearly one million (986,449) awards given across 220 countries and territories. Alongside a wide range of accommodation partners, in the eighth edition of its annual partner recognition awards, Booking.com awarded transport partners for the first time ever. The awards recognize these partners for their incredible hospitality, giving travelers an exceptional experience when booking an accommodation, rental car or airport taxi.
Alphabet's (GOOGL) Google is aggressively trying to bolster presence in the online travel space, which does not bode well for companies like TripAdvisor, Expedia and Booking Holdings.
Alphabet's (GOOGL) Google is likely to gain competitive edge against tradition online travel agents on strengthening travel site initiatives.
A New Jersey woman has sued TripAdvisor and its Viator brand over injuries she allegedly sustained on a camel ride tour in Morocco that she booked through Viator. The suit, filed earlier this week and first reported by the Boston Globe, raises questions about whether TripAdvisor can be held liable for damages related to activities […]
KAYAK is releasing its 5th annual Travel Hacker Guide featuring data on where to go, when to book and best times to fly. And for the first time since its inception, KAYAK will retire the Most Popular list from the guide to encourage travelers to venture outside of the most searched hotspots.