122.38 0.00 (0.00%)
After hours: 4:42PM EST
|Bid||122.52 x 300|
|Ask||129.99 x 100|
|Day's Range||121.50 - 124.35|
|52 Week Range||98.52 - 139.77|
|Beta (3Y Monthly)||0.98|
|PE Ratio (TTM)||70.50|
|Earnings Date||Feb 6, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||1.28 (1.03%)|
|1y Target Est||148.07|
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.
Liberty’s stocks tracking TripAdvisor and Expedia were trading recently at 6% and 9% discounts to the underlying shares, respectively.
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.
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).
TripAdvisor stock rose in reaction to third-quarter results reported before the market open that smashed earnings estimates but slightly missed on revenue. Shares soared on the news.
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.
Travel giant Booking Holdings spent $1.3 billion on "performance" marketing in the third quarter. RBC analyst Mark Mahaney estimates that "north of 80%" goes to Google. Booking is increasingly finding itself in the position of being both a customer and competitor to Google.
The company revealed its fourth-quarter outlook during the third-quarter earnings release yesterday. The global leader in online travel and related services expects to report non-GAAP EPS between $18.90 and $19.40 for the fourth quarter. Furthermore, Booking Holdings projects revenues to grow in the range of 13%–16%.
BELLEVUE, Wash. , Nov. 2, 2018 /PRNewswire/ -- Expedia Group (NASDAQ: EXPE) will participate in the Phocuswright Conference in Los Angeles, CA on Thursday, November 15th, 2018 . Mark Okerstrom , President ...
To keep up with the rising demand for short-term rentals in U.S. cities and compete with the home-sharing giant Airbnb, travel booking site Expedia has picked up a pair of venture-backed hospitality startups, Pillow and ApartmentJet. Employees of both companies will join Expedia . "Acquiring Pillow and ApartmentJet will help unlock urban growth opportunities that, over time, will contribute to HomeAway's ability to add an even broader selection of accommodations to its marketplace and marketplaces across Expedia Group brands, ensuring travelers always find the perfect place to stay," the company explained in a statement.
Stocks that moved substantially or traded heavily on Friday: Amazon Inc., down $139.36 to $1,642.81 Despite another record quarterly profit, the online juggernaut posted revenue that grew less than Wall ...
Expedia Group (EXPE) continues to benefit from the robust performance of HomeAway, Brand Expedia, Expedia Partner Solutions and Hotels.com in third-quarter 2018.
Oct.26 -- Mark Okerstrom, chief executive officer at Expedia, discusses third-quarter results, the sales boost from home rentals through HomeAway, and the company’s strategy in China. He speaks with Bloomberg's Emily Chang on "Bloomberg Markets." .