1,708.48 0.00 (0.00%)
After hours: 5:24PM EDT
|Bid||1,630.00 x 1000|
|Ask||1,708.00 x 900|
|Day's Range||1,707.59 - 1,731.52|
|52 Week Range||1,606.27 - 2,162.91|
|Beta (3Y Monthly)||0.65|
|PE Ratio (TTM)||19.35|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Citi says Booking Holdings (NASDAQ: BKNG ) is looking more accomodating. The Analyst Citi analyst Mark May upgraded Booking Holdings from Neutral to Buy and raised his price target from $1,800 to $2,100. ...
Citi Research analyst Mark May swapped his stance on the big online-travel players on Thursday, upgrading Booking Holdings Inc. shares to buy from neutral while downgrading Expedia Group Inc. shares to neutral from buy. May sees stabilization in room-night trends for Booking, formerly known as Priceline, as well as encouraging data around European and Latin American travel trends. "Booking has significantly upped its buybacks of late, and we believe that trend will continue and potentially increase further (we forecast as much as a 13% shrink between 1Q19 and YE20)," he wrote. On Expedia, May is concerned about the company's alternative-rental business, which is now called Vrbo. "Vrbo's growth has disappointed and slowed meaningfully, and this could persist (and weigh on Expedia's overall growth) given Vrbo changes, Google changes, and heightened competition," he wrote. May increased his Booking target price to $2,100 from $1,800 and lowered his Expedia target to $130 from $145. Booking shares have ticked up 1.3% so far this year, as Expedia shares have risen 3.6% and the S&P 500 has increased 14%.
BMO downgraded Chipotle to underperform from market perform UBS lowered its price target on Apple to $225 from $235 Mizuho downgraded Qualcomm to neutral from buy J.P. Morgan upgraded Target to overweight ...
John Wroughton Brown’s appointment as CEO of online travel agency Agoda last June came with a mandate from parent company Booking Holdings to grow the brand outside of Asia. Agoda has tapped its non-hotel accommodations as a way to spearhead that growth. Over the past year, the online travel agency has ratcheted up the marketing […] The post Skift Forum Asia: Agoda’s CEO Touts Homesharing for That Competitive Edge appeared first on Skift.
Tampa restaurants Ulele and Oxford Exchange are both known for their atmospheres, curated menus and the need to have a reservation if there is any hope to get seated on a weekend. Now Open Table, provider of online reservations, has placed both among the 100 Best Restaurants in America for a Big Night Out. Open Table is part of Booking Holdings Inc. (NASDAQ: BKNG).
For the past nine years, our primary goal with the Ultimate Stock-Pickers concept has been to uncover investment ideas that reflect the most recent transactions of our grouping of top investment managers in a timely enough manner for investors to get some value from them. In cross-checking the most current valuation work and opinions of Morningstar's own cadre of equity analysts against the actions of some of the best equity portfolio managers in the business, we hope to uncover a few good ideas each quarter that investors can dig into a bit deeper to see if they warrant further action. With all but one of Ultimate Stock-Pickers having reported their holdings for the first quarter of 2019, we now have a good sense of which stocks piqued their interest during the period.
Expedia shares appear attractive, trading at a meaningful discount to our $183 fair value estimate. Amazon has had several travel-related pilots in the past. While Amazon has not disclosed the reasons for not moving forward with that travel initiative, we believe it is in part due to the significant time and cost needed to aggregate and service supplier relationships, which is what OTAs Booking and Expedia have developed over the past 20 years.
So why would Amazon choose to reenter the travel industry through a seemingly loss-generating proposition, hawking already low-margin airline tickets via a Cleartrip partnership in the domestic Indian market? It sounds crazy, but Skift Research believes that airline tickets are a sensible entry point for a new Amazon foray into travel. Flights is a fairly […] The post Skift Analysis: Amazon’s Travel Strategy Comes Into Focus appeared first on Skift.
After years of hype, Uber's IPO opened at the low end of its range, and didn't do much more than that.
Aiming to change that, Google will launch a more unified travel product to integrate flight and hotel search functions, while organizing people’s travel plans and saving research. Alphabet Inc.’s Google also plans to “surface” more travel data on Google Maps, and incorporate hotel and restaurant reservations for customers who are logged on. Google made the announcement Tuesday at a marketing conference in San Francisco.
David Gardner and his guests talk about some of the investments that provided them with their best non-monetary takeaways.
Bill Smead, value investor and founder of Smead Capital Management, established two positions and disposed to two positions in the first quarter, his Smead Value Fund (Trades, Portfolio) reported last week. Warning! GuruFocus has detected 2 Warning Sign with GSHD. During the first quarter, Smead selected Cummins Inc. (CMI) and Booking Holding Inc. (BKNG) as new holdings.
Despite the fact that long-term trends in the massive travel market shifting online have not changed, travel stocks have not participated in the rally this year. The industry's fundamentals are intact, but even the tech companies have underperformed indices.Global wealth continues to increase. Baby boomers continue to travel abroad and select countries like Japan are seeing a huge surge in tourism. Phocuswright Research estimates for 2019 include alternative accommodations and tours and activities reaching $1.7 trillion, so the global travel market opportunity is growing. * 10 'Buy-and-Hold' Stocks to Own Forever Bookings shifting online is a secular trend that's here to stay, and ad dollars will follow, boosting profits for these three travel stocks to buy.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Tripadvisor (TRIP)Source: Shutterstock Tripadvisor Inc (NASDAQ:TRIP) had an earnings beat but saw a 1% revenue decline. Shares have sold off dramatically, and TRIP stock is down almost 20% in the last few months.A closer look at the financials shows that this selloff is overdone. At worst, the first quarter was an investment period for the Company. While revenue took a slight hit, total adjusted EBITDA grew 11% and the margin increased by 3% year-over-year. And TRIP is still on track to deliver full-year double-digit consolidated adjusted EBITDA growth. Cash flow from operating activities was up 5% as well.It's important to remember that TRIP still has a very influential platform with 490 million average monthly unique visitors. It's not an easily replicated asset. So while TRIP hasn't quite figured out how to monetize in the most efficient way, they aren't going anywhere.The flywheel is at play, and there is simply lots of potential for the stock to bounce back. TripAdvisor's vast community drives content (free), which drives traffic, which drives travel partners and ad revenue.TRIP is more focused than ever on making product improvements. This will pay dividends down the line. In particular, the Experiences and Restaurants businesses should help drive more traffic and create an even more engaged customer base. Booking Holdings (BKNG)Source: Shutterstock Booking Holdings Inc (NASDAQ:BKNG), the undisputed leader in online travel and owner of major online travel brands like Booking.com, KAYAK, priceline.com, agoda.com and Rentalcars.com, got rocked after a slight miss in the first quarter. The market pulled shares down high single digits, bringing three-month performance into negative territory. This is just one example of a leading travel technology company that has been oversold given that the full-year targets are still achievable.BKNG is making a big push on markets outside of the U.S. and Canada, which may hurt near-term profits as expenses will be elevated to accomplish the task. Their efforts have resulted in 200,000 new hotel properties over the past year. Management has pleased investors with the underlying metrics and repeat customers and conversion.The company has also been investing heavily on the tech infrastructure side, which includes solidifying its presence in the cloud. This is significant because it allows BKNG to deploy code significantly faster, to allow them to do more things on the marketing front in terms of optimization. In short, these AI-oriented investments will pay off across a multi-year period. * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% With BKNG, it behooves investors to buy the leader. With six major travel and experience brands under its umbrella, this is a strong buy on the current pullback. Trivago (TRVG)Source: Shutterstock Trivago (NASDAQ:TRVG), like TRIP, has had a tough year, down over 20% over the past three months.While total revenue had a double-digit quarterly decline, net income swung positive year-over-year. Many were concerned about the ballooning in advertising and related expenditures, but the numbers show that TRVG is becoming more efficient. Any company that is able to improve its bottom line in a dramatic fashion after a big hit to the top line is worth a look.By recalibrating its Advertising Spend and improving the quality of the traffic referred to advertisers, Trivago was able to turn the business from the largest loss in its history to its most profitable first quarter. So despite what seemed like a stumble due to the revenue decline, Trivago is actually starting the year off on track.A lot of operational improvements are underway as well, and the first quarter profit improvement is a clear positive sign that Trivago is reaching a stabilized base. The next step will be for Trivago to deliver profitable growth. As product optimization leads to higher engagement and retention, TRVG stock will regain some confidence and improve instep.As of this writing, Luce Emerson did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy as the Trade War Reignites * 10 Stocks That Could Squeeze Short Sellers, Including CGC * 5 Tech Stocks Getting Crushed Compare Brokers The post 3 Beaten-Down Travel Stocks to Buy Now appeared first on InvestorPlace.
Booking Holdings Inc (NASDAQ: BKNG ) reported first-quarter adjusted earnings per share of $11.17 Thursday, missing the $11.26 consensus estimate. Here's how three analysts who watch the stock reacted. ...