|Bid||26.32 x 1300|
|Ask||26.54 x 3000|
|Day's Range||25.98 - 26.59|
|52 Week Range||25.00 - 51.91|
|Beta (3Y Monthly)||1.09|
|PE Ratio (TTM)||19.60|
|Earnings Date||Oct 30, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||36.23|
Yahoo Finance's Julie Hyman discusses todays stocks on the move in midday trading.
Currently, TripAdvisor’s (TRIP) PE ratio stands at 39.0x, which is between its all-time high of 50.7x in July 2014 and its all-time low of 17.4x in October 2012. At the current multiples, the stock trades at a premium valuation to its peers. Expedia (EXPE), Booking Holdings (BKNG), and Ctrip.com International (CTRP) have PE multiples of 23.7x, 22.9x, 23.3x, respectively.
Tencent Holdings-backed online Chinese travel firm Tongcheng-Elong launched a far smaller-than-expected Hong Kong IPO of up to $233 million on Tuesday, amid a weak stock market and a string of poor performances from recent listings in the city. Tongcheng-Elong, which is also backed by travel website Ctrip.Com International, is selling about 143 million shares at a price range of HK$9.75-HK$12.65 ($1.24-$1.61), giving it a potential valuation of $3.65 billion, according to a term sheet seen by Reuters. The company had earlier been seeking to raise up to $1 billion, but weak markets and a slide in Ctrip's share price forced it to slash the size of the IPO, according to Refinitiv publication IFR.
Tencent Holdings-backed online Chinese travel firm Tongcheng-Elong launched a far smaller-than-expected Hong Kong IPO of up to $233 million on Tuesday, amid a weak stock market and a string of poor performances from recent listings in the city. The company had earlier been seeking to raise up to $1 billion, but weak markets and a slide in Ctrip's share price forced it to slash the size of the IPO, according to Refinitiv publication IFR. Online parenting firm Babytree Group, backed by Chinese e-commerce giant Alibaba Group Holding, was also due to hold an IPO news conference on Tuesday but cancelled it on the day.
Analysts expect TripAdvisor’s (TRIP) fourth-quarter top and bottom-line results to continue benefiting from the healthy travel demand environment. Better-than-expected results for three consecutive quarters have increased investors’ confidence in the stock.
TripAdvisor’s (TRIP) third-quarter adjusted EBITDA increased to $146 million from $95 million in the third quarter of 2017, which was ~54% YoY (year-over-year) growth. The adjusted EBITDA margin increased by ten percentage points to 32% from 22% in the third quarter of 2017.
The third quarter earnings report and corresponding press release from China’s online travel agent Ctrip.Com International (NASDAQ:CTRP) certainly said all the right things in all the right ways. The 22% tumble CTRP stock has taken since posting its Q3 numbers on Wednesday, however, says investors just aren’t buying it. No serious current and prospective owners of CTRP stock really thought the organization would be able to drive sales growth in excess of 40% indefinitely.
On November 9, most online travel agency shares fell after CNN Business reported deep concerns about the slowing Chinese economy. Since the travel sector is highly sensitive to macroeconomic factors, any uncertainty in the global economy will likely have a negative impact on the companies’ prospects in the travel space. Online travel agencies stocks including Ctrip.com International (CTRP), TripAdvisor (TRIP), Booking Holdings (BKNG), and Expedia (EXPE) have lost 6.3%, 5.4%, 2%, and 1.1%, respectively, on November 9. The Invesco Dynamic Leisure and Entertainment ETF (PEJ), which invests in US entertainment and leisure industry stock, fell ~1% on November 9.
TripAdvisor’s (TRIP) average monthly unique visitors grew 8% YoY (year-over-year) to 490 million users in the third quarter. For the first nine months of 2018, the unique visitor growth averaged 10%. User reviews on the company’s website grew 23% YoY during the third quarter to 702 million reviews on over eight million places to stay, places to eat, and things to do.
General Electric Co., Vodafone Group PLC, Ctrip.com International Ltd. and Perrigo Co. PLC have declined to their respective 3-year lows
TripAdvisor’s (TRIP) third-quarter revenues grew 4% YoY (year-over-year) to $458 million. The YoY growth was mainly driven by the Non-Hotel segment’s strong performance, which more than offset the Hotel segment’s dismal performance. Hotel revenues, which account for ~67% of TripAdvisor’s revenues, declined 2% YoY to $305 million.
TripAdvisor (TRIP) reported mixed third-quarter results. The bottom line beat analysts’ estimates, while the top line missed the estimates. However, the company marked a YoY (year-over-year) improvement in the bottom and top line.
On November 8, TripAdvisor (TRIP) stock rose more than 15%. The company announced its third-quarter earnings on November 7 after the market closed. The company’s third-quarter non-GAAP EPS rose two-fold to $0.72 and handily beat analysts’ estimate of $0.48. However, the revenues of $458 million fell short of the forecast and registered 4% growth YoY (year-over-year).
Two important questions to ask before you buy Ctripcom International Ltd (NASDAQ:CTRP) is, how it makes money and how it spends its cash. This difference directly flows down to how Read More...
Strains are emerging in Chinese tourism as economic growth slows and the currency weakens, with travel agents, airlines and hotel operators taking a hit.
Many worry China's burgeoning technology industry will be hit by a national economic slowdown and trade tensions. Neil Shen, founding and managing partner of Sequoia Capital China, expressed optimism about the sector at a press event at the World Internet Conference. "My sense is the digital economy is something unique to China," he said.
Now Ctrip.com International Ltd. joins the gang of Chinese internet companies unable to avoid the headwinds of an economic slowdown. Nobody thought that 40 percent growth rates would last forever, but investors clearly were surprised by the online travel agency’s tepid fourth-quarter guidance.
Ctrip.com International (CTRP) posted strong third-quarter results yesterday. The top and bottom lines not only fared better than Wall Street analysts’ forecasts but also marked YoY improvement.
TripAdvisor (TRIP) shares rose ~8% in the after-hours trading session on November 7. The company reported strong bottom-line results for the third quarter. TripAdvisor’s third-quarter adjusted EPS increased two-fold to $0.72—ahead of analysts’ expectation of $0.48.