|Bid||111.50 x 2200|
|Ask||112.14 x 1400|
|Day's Range||111.75 - 114.28|
|52 Week Range||93.53 - 144.00|
|Beta (5Y Monthly)||1.00|
|PE Ratio (TTM)||33.57|
|Forward Dividend & Yield||1.36 (1.20%)|
|Ex-Dividend Date||Nov 17, 2019|
|1y Target Est||N/A|
After Expedia Group Chairman and Senior Executive Barry Diller fired the travel giant's CEO and chief financial officer in early December, investors pushed the share price up by 6 percent. Continued share price gains since then reflect the hope that new management will boost the competitiveness of the online travel agency. Yet not everyone has […]
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 […]
Today we'll look at Expedia Group, Inc. (NASDAQ:EXPE) and reflect on its potential as an investment. Specifically...
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 […]
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.
From Tokyo to ‘transformational’ travel, here are some of the hottest tips for budget-conscious jet-setters for the New Year.
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 […]
There were few common threads in the way the hotel, airlines, and online travel sectors approached U.S. TV advertising in 2019, as their spending trends diverged widely. Among the three sectors, hotels was the only one to significantly hike U.S. national TV spend, according to estimates from television analytics firm iSpot.tv, while airlines cut their […]
Sean Kell, named CEO of Blue Nile in August, will apply his experience of e-commerce, consumer marketing and expanding workforces and business platforms to the fine jewelry business.
Could Expedia Group, Inc. (NASDAQ:EXPE) be an attractive dividend share to own for the long haul? Investors are often...
There’s an old adage — and some data to support it — that U.S. presidential election years put a damper on leisure travel sales. With 2020 promising to be an especially bumpy ride through political division and uncertainty, could that hold true for the year ahead? To get some perspective, Skift spoke to a variety […]
TripAdvisor (TRIP) is likely to perform sluggishly in 2020 thanks to rising competitive pressure and ongoing challenges in Hotels, Media & Platform segment.
The story of the year wasn’t about a jaw-dropping event such as CEOs getting forced out, like what happened to Gillian Tans of Booking.com and Mark Okerstrom of Expedia Group. Nor was the story about a game-changing acquisition, of which there were few of epic proportions in the last 12 months in online travel. Instead, […]
We are still in an overall bull market and many stocks that smart money investors were piling into surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 57% each. Hedge funds' top 3 stock picks returned 44.6% this year and beat the S&P 500 ETFs by […]
Mark Okerstrom, the Expedia Group CEO who was forced out by the board in early December, is leaving with an exit package potentially worth around $11.8 million at the date of his resignation, December 4, according to a Skift Research estimate. That includes $1.75 million in cash, $5.73 million in restricted stock units, and nearly […]
(Bloomberg) -- Uber Technologies Inc.’s former Chief Executive Officer Travis Kalanick is stepping down from the board, severing his last ties to the company he co-founded a decade ago and helped become one of the world’s most valuable, and controversial, startups.Kalanick, 43, has sold all of his remaining shares in the ride-hailing giant and plans to focus on his new business and philanthropic endeavors.Along with co-founder Garrett Camp, Kalanick started Uber in 2009, building the company up from an experimental black car service in San Francisco to a global transportation and logistics company, offering food delivery, freight shipping, helicopter rides and ushering in a new era of work. But he was ousted as CEO in June 2017 following months of chaos and controversy. Detractors pointed to his aggressive and sometimes reckless management style as breeding a toxic workplace hostile to women and overseeing morally questionable company programs including some that intentionally deceived regulators and law enforcement agencies and spied on riders.“Uber has been a part of my life for the past 10 years,” Kalanick said in a statement Tuesday. “At the close of the decade, and with the company now public, it seems like the right moment for me to focus on my current business and philanthropic pursuits.”For the past year, Kalanick has been building a new startup: CloudKitchens. The real estate company offers fully outfitted kitchens to restaurants that need more space to fulfill orders from take-out food services like DoorDash and UberEats. Along with using his own funds, Kalanick also raised $400 million from Saudi Arabia’s sovereign wealth fund.Following Kalanick’s departure as CEO, the board replaced him with Dara Khosrowshahi, a former executive of Expedia Inc., who has worked to rebuild the company’s reputation and promise to investors. Since its initial public offering in May – one of the worst IPOs this year -- Uber shares have cratered by more than 30%. They were up 1% at 12:04 p.m. in New York.With Kalanick fully separated from Uber now, Wedbush Securities analysts said it could help the stock, since his continued presence on the board was a “distraction.”“With ripping the band-aid off and Travis leaving stage left on the board, we believe now it’s about Dara & Co. taking Uber in the right direction for 2020 and beyond after a rough road so far,” wrote Wedbush analysts Ygal Arounian and Dan Ives, adding that the massive sell-off of shares following the Nov. 6 lockup expiry has also hurt the stock price.Kalanick has been steadily unloading his Uber shares in the past few weeks. He sold the remaining 5.8 million shares before resigning from the board Monday night, a spokeswoman said, for a grand haul of almost $3 billion, according to calculations by Bloomberg. Before the lockup expired, Kalanick held a 6% stake in Uber, which made him the firm’s largest individual shareholder. Softbank Group Corp. and Benchmark Capital are the company’s two largest institutional shareholders.Such a selldown is unusual among prominent tech tycoons. Facebook Inc.’s Mark Zuckerberg and Amazon.com Inc.’s Jeff Bezos still own sizeable stakes in their companies. Still, neither of them were ousted by a boardroom coup. And Kalanick’s sales mean he has plenty of financial firepower for his other projects. He created a fund called 10100 in March 2018, saying in a tweet it would focus on his “passions, investments, ideas and big bets.” The fund will handle Kalanick’s for-profit investments and philanthropy and plans to invest in real estate, e-commerce and emerging innovation in China and India, according to its website.“Very few entrepreneurs have built something as profound as Travis Kalanick did with Uber,” Khosrowshahi said. “I’m enormously grateful for Travis’s vision and tenacity while building Uber, and for his expertise as a board member. Everyone at Uber wishes him all the best.”Kalanick’s departure from Uber’s board will be effective Dec. 31, according to a statement Tuesday. Uber’s 12-person board has steadily shrunk since the company went public in May and now will have four openings.(Updates with analyst comment in eighth paragraph.)\--With assistance from Tom Metcalf and Sophie Alexander.To contact the reporter on this story: Lizette Chapman in San Francisco at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Robin Ajello, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
Wedbush analysts expect IAC/InteractiveCorp. to "significantly improve" its balance sheet now that it has eliminated its debt after the spin off of Match Group Inc. The company's announced the separation last Thursday. Now analysts think IAC can build an M&A "war chest" of $8 billion to $9 billion, including $4 billion in debt and $1.7 billion in cash. IAC, which already announced a $500 million acquisition of Care.com, has a history of acquiring and then successfully spinning off companies including Expedia Group Inc. and Ticketmaster. Wedbush initiated IAC at outperform with a $295 price target and it initiated Match at neutral with an $80 price target. "Match has seen material growth in recent years, particularly at Tinder, but may start facing domestic market saturation, increased competition, and a legal battle with the increasingly emboldened FTC," analysts wrote. IAC stock is up 47.8% for the last year. Match shares have rallied 105%. And the S&P 500 index is up 33.3% for the period.