|Bid||116.49 x 800|
|Ask||116.57 x 1400|
|Day's Range||114.47 - 116.96|
|52 Week Range||108.11 - 139.77|
|Beta (3Y Monthly)||0.74|
|PE Ratio (TTM)||40.13|
|Forward Dividend & Yield||1.28 (0.99%)|
|1y Target Est||N/A|
May.03 -- Mark Okerstrom, president and chief executive officer at Expedia Group Inc., discusses first-quarter results, the performance of its home-rental business Vrbo, and the impact of Brexit on bookings. He speaks on "Bloomberg Markets."
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.
On May 23, 2018, the company announced a new tender offer that would bump the company's value to $62 billion. Earlier in 2018, Japanese conglomerate Softbank Group, along with a group of investors including Dragoneer Investment Group, successfully bid for 20% of Uber's stock at this lower valuation, a 30% discount of the last valuation figure. The deal reportedly gave Softbank 15% in the ride share company while Uber got a powerful ally in Asia, and could help turn the tide for the company after a few very public missteps. It will be interesting to see how the company's plan of going public by 2019 plays out.
Expedia and major hotel companies were already facing two federal lawsuits alleging that they conspired to stifle competition. Now they're also being investigated by Utah's attorney general.
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.
Expedia Group Inc NASDAQ/NGS:EXPEView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low and declining * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is low for EXPE with fewer than 5% of shares on loan. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on April 15. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding EXPE totaled $15.13 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. Although EXPE credit default swap spreads are rising, indicating the market's more negative perception of the company's credit worthiness, they are still comfortably within the range of the last three years.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Drive Shack, Farmer Brothers, Booking, Google and Expedia highlighted as Zacks Bull and Bear of the Day
The massive hotelier believes home-sharing will enhance its existing business rather than take away from it.
Booking Holdings (BKNG) just released earnings after market close yesterday evening and they missed on both revenue and earnings, but the stock proceeds to rally over 4% in morning trading.
A group of U.S. state attorneys general are investigating Expedia Group and hotel chains like Hyatt Hotels Corp and Marriott International Inc for alleged violations of antitrust law in online travel booking, according to a court filing. The filing in a state court in Utah relates to a dispute originally filed in Texas in which Travelpass accused the hotel chains last year of agreeing with each other, and with online travel groups like Expedia, to not advertise to consumers who searched for another company's hotel.
Internet-based ride-hailing company Uber isn't making money … and it may never make any money. As Uber prepares to go public, its drivers are on strike. It lost $3 billion last year. Stock in arch-rival Lyft (NASDAQ:LYFT) is down by one-third from its first post-IPO trade, and one of those Uber-ordered Bird scooters was left in front of my house.Source: Shutterstock I literally want this company off my lawn.Can you short an IPO?InvestorPlace - Stock Market News, Stock Advice & Trading Tips A Symbol of the TimesWhile early investors will become billionaires once Uber goes public, drivers are sleeping in their cars, unable to afford the ride home on the below-minimum wage they're making.Founding CEO Travis Kalanick, accused of creating a toxic "bro" culture, was forced out by scandal two years ago. But he still holds an 8.6% stake in the company and stands to have a net worth of $5 billion on May 10. This assumes the IPO prices at about $47 per share, a market cap of $80 billion. * 10 Great Stocks to Buy on Dips Former Expedia (NASDAQ:EXPE) CEO Dara Khosrowshahi was brought in to replace Kalanick, to humanize Uber. But he has inherited Kalanick's sharp elbows. Uber regularly lobbies states to overrule cities when they seek to regulate it, and is quick to go to court over any limit on its operations.Uber insists drivers are independent contractors even when they work full time. In addition to paying out $20 million to settle a lawsuit over the issue, Uber has pushed 60,000 drivers into arbitration. It could wind up paying out another $600 million to settle those complaints. A class action suit was also recently filed on behalf of thousands of Australian Uber drivers.Uber drivers stand accused in literally hundreds of sexual assaults and rapes. The S-1 mentions a $300 million "appreciation fund" to be spread among 1.1 million drivers, which can be used to buy stock at the IPO price. Drivers are not amused.Uber lawyers and lobbyists have been fighting cities over the service for years, and they're starting to lose. The company will no longer accept new drivers in New York and its license to operate in London may not be renewed. Already in many markets, like South Africa, Uber drivers operate on the wrong side of the law. Muted ReactionThe reaction of Wall Street to this chaos is a muted "meh"and "how can I make money off this?" Many feel the labor troubles are temporary, as Uber is a leader in creating self-driving cars. Those dock-less Bird scooters littering your street can be accessed via the Uber app. Uber is reportedly thinking of buying Bird, after investing in rival Lime. The Bottom LineMorgan Stanley (NYSE:MS) was accused of selling a short-sale product to Lyft investors ahead of that IPO. It should be possible to short Uber once it opens, by opening a margin account and borrowing stock on the open market. Some people have already shorted it privately.Uber began as a symbol of what is possible with clouds and devices, a virtual market created with the aim of reducing urban congestion.But Uber stock has since become a lightning rod for all kinds of critics. It is going public in part because more private investors want out than want in. The Uber IPO speaks to the limits of the cloud era and rising inequality, a world without pity, everyone hungry for money and power.Despite our tut-tutting, millions fantasize about being Travis or Trump, regardless of the consequences.Now, will someone pick up this scooter?Dana Blankenhorn is a financial and technology journalist. He is the author of the 2018 mystery thriller, The Reluctant Detective Finds Her Family, available at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dangerous Dividend Stocks to Stay Far Away From * 7 Tips for New Investors Young and Old * 10 Great Stocks to Buy on Dips Compare Brokers The post Uber Stock: Can You Short an IPO? appeared first on InvestorPlace.
Mainstream economic thought says that while those displaced by technology will see their industries destroyed, the industries replacing them will create new jobs that they can fill.
The office is investigating whether Expedia conspired with Marriott International Inc., Hilton Worldwide Holdings Inc. and other hotel companies to manipulate search advertising on Google, according to papers filed in state court in Utah last week. The allegations were raised in a lawsuit filed in December by TravelPass Group LLC, a Utah-based company that sells hotel room inventory through Google search ads.
Expedia Inc (NASDAQ: EXPE ) shares were down at the end of Monday's session after Susquehanna dropped its bullish stance on the online travel agency. The Analyst Shyam Patil downgraded Expedia from Positive ...
Susquehanna analyst Shyam Patil cut his rating on the shares to Neutral from Positive and lowered his price target to $141 from $170.
President Donald Trump’s tweets threatening higher tariffs on Chinese goods have spooked investors, upending the recent earnings-related stock market gains.
Shares of Expedia Group Inc. are down 2.6% in premarket trading Monday after Susquehanna Financial Group analyst Shyam Patil downgraded the stock to neutral from positive. "Expedia is facing some challenges in one of its key growth drivers, Vrbo (formerly HomeAway), as the brand transition and SEO headwinds appear to be weighing on bookings growth," he wrote. "We believe it could take several quarters to resolve these issues." While Patil is still upbeat about the long-term opportunities in the online-travel business, he doesn't see a catalyst that could send Expedia shares higher. Patil lowered his target price to $141 from $170. The stock has gained 13% so far this year, as the S&P 500 has gained 18%.
These five cities across America and Canada are cheap to fly to this summer, according to Expedia. Plus, what to see and do.
Expedia Group's (EXPE) first-quarter results benefit from robust growth in stayed room nights. However, sluggish trivago performance impacts negatively.
To determine the best time for U.S. travelers to book trips worldwide, Expedia crunched the numbers, looking at consumer demand and pricing for flights, hotels and rental cars available on the company's platform for trips between May 20 and Sept. 30, 2019. The travel site found that if you book at the right time, you can save hundreds off the average cost of a week-long summer vacation. Expedia found that for U.S. travelers looking to travel during summer, the "sweet spot" for airfares is about three weeks to a month ahead of time.
Some analysts are uneasy because its short-term rental business, rebranded from HomeAway to Vrbo, is cooling. Vrbo’s gross bookings grew 5% in the first quarter, a sharp drop from 46% a year earlier.