126.90 -0.08 (-0.06%)
After hours: 5:41PM EST
|Bid||126.71 x 800|
|Ask||127.29 x 900|
|Day's Range||126.72 - 129.30|
|52 Week Range||101.37 - 139.77|
|Beta (3Y Monthly)||0.65|
|PE Ratio (TTM)||47.92|
|Earnings Date||Apr 24, 2019 - Apr 29, 2019|
|Forward Dividend & Yield||1.28 (1.00%)|
|1y Target Est||153.43|
Despite a slowdown in China's economy, Chinese travelers continue to "visit the world" and are going further away from home as well, says James Marshall of Expedia.
Booking Holdings Likely to Post Double-Digit Q4 Earnings Growth(Continued from Prior Part)Revenue projectionApart from a healthy travel demand environment, Booking Holdings’ (BKNG) sustained focus on investing in marketing, alternative
Booking Holdings Likely to Post Double-Digit Q4 Earnings GrowthFourth-quarter expectationsWall Street analysts expect Booking Holdings (BKNG) to deliver yet another strong financial performance in its fourth quarter of 2018 on February 27. For the
[Editor's note: This story was originally published in January 2019. It has since been updated and republished.]The buzz was that 2019 would be one of the biggest years for initial public offerings (IPOs), at least in terms of the amount of capital raised. The main reason: We are likely to see a variety of tech unicorns finally hit the markets.But unfortunately, there's a big problem. The partial shutdown of the federal government has meant that there is a skeleton staff at the SEC (Securities and Exchange Commission). When this happens, it means that there can be no IPOs. According to U.S. law, the federal government must approve any offer of securities to the public.InvestorPlace - Stock Market News, Stock Advice & Trading TipsYet hopefully the shutdown will not last long and that investors will soon get a chance to invest in myriad hot deals. [Ed's note: The shutdown ended Jan. 25, 2019, lasting a total of 35 days.] Actually, the upcoming "Paul" IPO offerings -- including Pinterest, Airbnb, Uber and Lyft -- will likely dominate the headlines. The amounts raised will certainly be enormous.OK, since there are no public filings of the S-1s, the financial data is a bit fuzzy on the Paul stocks (note that some of the filings are confidential, such as from Uber and Lyft). Yet there is still lots of information available, such as from press releases and third-party analyses, to get a sense of these companies. * 9 High-Growth Stocks to Buy Now for Monster Returns Here's a look: Pinterest IPOThe upcoming Pinterest IPO has not seen much attention. Yet this does not mean it will be a laggard. For the most part, Pinterest has been able to put together a solid business.Unlike a typical ecommerce platform like Amazon.com (NASDAQ:AMZN) or eBay (NASDAQ:EBAY), Pinterest has made buying highly engaging. The members of the site can pin their favorite items, creating compelling boards. In fact, there are 175 billion pins!Here are some other notable metrics: * There are 250 million MAUs (monthly active users). * 50% of the traffic is outside the U.S. and 80% comes from mobile phones. * 93% of active pinners use the service to plan for purchases.So yes, monetization has been strong. For 2018, revenues are estimated to have increased by 50% to $700 million. And as for the valuation of the Pinterest IPO, it is projected at about $12 billion. Source: Shutterstock Airbnb IPOOnline marketplaces can be very powerful. This is even the case if the technology is not on the cutting-edge. Hey, just look at Craigslist, which continues to be a dominant player in online classified listings. The key is to get to critical mass, in which there emerge network effects. When this happens, an online marketplace can be extremely difficult to unseat.This appears to be the case with Airbnb. The company has more than 5 million listings across over 190 countries.The business is also highly lucrative. In the latest quarter, revenues grew by more than $1 billion. It also looks as if the company has been cash-flow positive for the past two years. * 10 Monthly Dividend Stocks to Buy to Pay the Bills Something else to consider: The Airbnb IPO may be unconventional - that is, Airbnb could issue shares directly to the public, avoiding the high fees of investment banks. If so, this means retail investors will have a chance to snag shares at the offering price. Source: Uber Uber IPOFor many startups, the founders will often be overly optimistic about their forecasts. But this was not the case with Uber. If you take a look at the original investor deck, which was created ten years ago, the estimates turned out to be too conservative.Fast forward to today: The valuation of the upcoming IPO is at about $120 billion.Granted, when it comes to such estimates, they can be far from perfect. But it seems like a pretty good bet that the Uber IPO will be one of history's largest - perhaps with a capital raise of over $12 billion.To put things into perspective, Facebook (NASDAQ:FB) raised $16 billion in its own public offering in 2012 (note that Uber has already raised $20 billion in private equity and debt financings).What about the growth rate? Well, it has actually been decelerating, but the ramp is robust, especially in light of the scale. During the latest quarter, revenues rose by 38% to $2.95 billion. The company is also seeing traction with other business segments, such as Uber Eats and the freight unit.Even though the company has had plenty of drama over the years - such as with allegations of stealing intellectual property and spying on rivals - the company's new CEO, Dara Khosrowshahi, has been swift in making changes to the culture. He certainly knows how to run large organization, as he was formerly the CEO of Expedia (NASDAQ:EXPE). Source: Shutterstock Lyft IPOLyft recently published its review for 2018. And yes, the company has been very busy. Here are just some of the highlights: * In September, Lyft logged its one-billionth ride. The company averaged 50 million rides a month for the year. * The service is now available to 95% of the U.S. population. * The company acquired Motivate, which has become the largest bikeshare operator in North America. * Lyft launched scooters in nine cities in the U.S.Yet despite all the success, Lyft is still far behind rival Uber. The company's share of the U.S. ride-hailing market is 28% while Uber's is 69%. Uber also has an extensive global footprint.But the Lyft IPO should still do just fine. Keep in mind that the company continues to grow at a rapid pace. In the third quarter, revenues spiked by 88% to $563 million. * 7 Healthy Dividend Stocks to Buy for Extra Stability As for the valuation of the upcoming Lyft IPO, it is estimated at $15.1 billion (which is based on the latest valuation). The company has also raised about $5.1 billion. Some of its marquee investors include Alibaba (NYSE:BABA), General Motors (NYSE:GM), Founders Fund and Tencent.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 6 Hot Stocks For Goldman Sachs' New Investing Strategy * 10 Smart Money Stocks to Buy Now * The 10 Best Cheap Stocks to Buy Right Now Compare Brokers The post 4 'Paul' Stocks -- Pinterest, Airbnb, Uber, Lyft -- That Are Going Public Soon appeared first on InvestorPlace.
The company said Thursday after markets closed that Barton, 51, who co-founded the company in 2005 and served as its first chief executive officer, will take over for Spencer Rascoff. The move was announced along with a quarterly earnings report that showed short-term results below analysts’ expectations.
Where's the 'Next Warren Buffett' Placing His Bets?(Continued from Prior Part)Seth Klarman added eBayDuring the fourth quarter, Seth Klarman added 21 million shares of eBay (EBAY) worth $589 million to his portfolio. The stock accounts for a very
Expedia Stock: Highlights for Investors(Continued from Prior Part)Analysts’ expectationsAnalysts think that Expedia (EXPE) will continue to benefit from the healthy travel demand environment. The company has produced strong results for four
Netflix (NASDAQ:NFLX) is on its way to content dominance and Netflix stock will continue to see rising numbers. That's not a huge revelation for some, but hearing it from an industry person was extraordinary.Source: Shutterstock Current IAC (NASDAQ:IAC) and Expedia (NASDAQ:EXPE) chairman Barry Diller who is also the former CEO of Paramount and Fox, made waves this week by saying in a podcast that "Hollywood is irrelevant." His rationale is simple. Netflix has won the content game given its unprecedented size and reach, which give it an unparalleled ability to outspend its Hollywood peers.This has broken the Big 6 Hollywood studio hegemony. He further believes no other competitor will reach Netflix's size and reach, and thus, believes Netflix is and will continue to be the runaway leader in the content market.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIf Diller is right, then that's certainly a reason to buy and hold Netflix stock for the long run. * 9 High-Growth Stocks to Buy Now for Monster Returns Indeed, Diller is right. Netflix has won the content game. All of it has to do with the company's scale and reach. But, a bigger-than-peer content budget is only one advantage of being bigger.The other advantage? Data. Netflix has nearly 150 million global subscribers. That's 150 million people interacting with Netflix on a presumably weekly basis, essentially telling the platform what they want to watch, and when they want to watch it. Given all that data, Netflix has a head-over-heels advantage over Hollywood in not only creating content consumers want to see, but also delivering that content when and how they want it delivered.Together, these data and budget advantages mean that Netflix has already won the content game. Because of this, Netflix will continue to add subs at a robust pace over the next several years. This sustained healthy pace of sub growth will keep Netflix stock on a winning path. Netflix Has Won The Content GameBarry Diller is right. Netflix has won the content game, and it's all because Netflix has reached escape velocity in terms of size and reach. Importantly, no one else will get there any time soon.Netflix launched at a time when there were no other streaming services. Because of this, Netflix was viewed as the only (legal) way to stream movies and TV shows, so everyone jumped on board, and Netflix got an early lead.Then, once streaming became more democratized, Netflix became the first to go big with original content on a streaming platform. Yet again, nobody else was doing this. Everyone jumped on board, and Netflix widened its lead.In other words, Netflix was first to streaming and first to original content. In so doing, they were the first to 100 million streaming subscribers.No one else will get there anytime soon, if ever. Times have changed since Netflix streaming launched over a decade ago. Now, there's dozens of streaming service options out there, including Netflix, which has become the standard for streaming. Given that hugely competitive landscape, it is far harder today to go from zero to 100 million subs, than it was back when Netflix did it. In fact, one could say that it's nearly impossible.Thus, for the foreseeable future, Netflix projects to be the biggest in this space. That gives the streaming giant two critical advantages. One, it allows the company to outspend its peers, since there are more users from which to monetize content. Two, it gives Netflix a plethora of consumer preference data, from which Netflix can create content consumers actually want to watch.The implication of these two advantages is that, for the foreseeable future, Netflix will continue to pump out more content than anyone else and that content will best-in-class.All that means one thing: Netflix will continue to grow its subscriber base at a healthy rate over the next several years. Netflix Stock Will Stay on a Winning PathIf you've heard one thing about Netflix stock, it's probably this: Netflix stock trades based on subscriber numbers. When the sub numbers are good, Netflix stock roars higher. When they aren't, the stock drops.That's because everything else falls in line behind subs. If subs go up, revenues go up, and so do margins since its mostly a fixed cost business on the income statement. Plus, more subs usually give Netflix more firepower to spend on content, which will, in turn, give the platform more wiggle room to hike prices.Prices hikes also improve revenues, margins, and profits. Thus, robust revenue, margin, and profit growth all start with strong sub growth.Given that Netflix has won the content game, sub growth will remain strong for the foreseeable future. So long as that remains true, Netflix's revenues, margins, and profits will keep marching higher. As they do, Netflix stock will stay on a winning path. Bottom Line on NFLX StockBarry Diller is right. Netflix has won the content game. That means going forward over the next several years, Netflix will continue to produce the most and the best content. Competition will be muted. Sub growth will be robust. And Netflix stock will head higher.As of this writing, Luke Lango was long NFLX. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 6 Hot Stocks For Goldman Sachs' New Investing Strategy * 10 Smart Money Stocks to Buy Now * The 10 Best Cheap Stocks to Buy Right Now Compare Brokers The post Netflix Stock Is Unstoppable Now That Netflix Has Won the Content Game appeared first on InvestorPlace.
Expedia Stock: Highlights for Investors(Continued from Prior Part)Rising online travel platform demandThe travel industry dynamics have changed drastically over the last decade. Travelers are shifting to online travel booking agencies instead of
Expedia Stock: Highlights for Investors(Continued from Prior Part)Room night growthLodging remains the major revenue growth driver for Expedia (EXPE). The business unit accounted for 69% of the company’s fourth-quarter revenues. The segment
Expedia Stock: Highlights for Investors(Continued from Prior Part)Revenues by segmentExpedia’s (EXPE) revenues rose 10% YoY (year-over-year) to $2.56 billion in the fourth quarter. The company reported revenue growth across all of its business
Zillow announced the change alongside its fourth quarter earnings. Zillow Group, Inc. (NASDAQ: Z) (NASDAQ: ZG), which houses a portfolio of the largest and most vibrant real estate and home-related brands on mobile and web, today announced Rich Barton, who co-founded Zillow in 2005 and served as the company's CEO until 2010, has been named chief executive officer. Barton has been executive chairman since stepping down as CEO.
Expedia Stock: Highlights for Investors(Continued from Prior Part)Expedia’s performanceExpedia (EXPE) reported strong fourth-quarter results on February 7. The company’s adjusted EPS of $1.24 beat analysts’ expectation of $1.08. The EPS
Archana Singh joins Expedia Group ahead of the company's planned headquarters move later this year.
Expedia Stock: Highlights for InvestorsBullish recommendationsExpedia (EXPE) could be an intriguing choice for investors, according to analysts’ ratings. Analysts covering the stock expect a massive upside in the online travel agency’s share
Garmin (GRMN) delivers strong fourth-quarter results on the back of solid performance of fitness, outdoor and aviation segments.
The potential buyout of Liberty Expedia Holdings by Expedia Group could set the stage for similar transactions involving two other companies in the Liberty family, Liberty Broadband and Liberty TripAdvisor Holdings.
Applied Materials (AMAT) delivers strong fiscal first-quarter results on the back of new technologies and innovation strategy.
Amazon (AMZN) abruptly drops its HQ2 proposal in New York City after facing a month of city council grilling and objections raised by the locals, politicians and activists.
Expedia Singapore offers the best mobile experience in Southeast Asia, according to a study of 45 most trafficked travel brands in the region by Google and Accenture Interactive. First, a caveat: Google and Accenture have been in partnership since 2016 to sell solutions to clients that can improve their mobile user experience, hence the study […] The post Expedia Winning at Mobile in Southeast Asia: New Study appeared first on Skift.
In contrast to 2015, when Expedia Group executed seven mergers at a price tag of some $5.74 billion, the company’s approach to mergers over the last few years has mostly been to forgo them. In 2018, according to a recent financial disclosure, Expedia, under CEO Mark Okerstrom, made just two acquisitions for a total of […] The post Expedia Had a Less-Is-More Approach to Mergers in 2018 appeared first on Skift.