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Stock Market & Financial Investment News

News Breaks
March 25, 2014
12:35 EDTEXPE, PCLN, AWAYAnalyst downplays near-term threat to HomeAway from AirBnB
AirBnB, which connects travelers with non-traditional lodging options, does not pose a near-term threat to either HomeAway (AWAY) or online travel agencies, FBR Capital contended in a note to investors earlier. WHAT'S NEW: After media outlets reported that AirBnB was seeking to raise $400M-$500M at a company valuation of $10B, some are concerned about whether the company will hurt HomeAway or online travel agents, FBR Capital analyst Jake Fuller wrote. AirBnB - which matches travelers with spare apartments and rooms, as well as more exotic lodging options - operates in different markets than HomeAway, Fuller explained. AirBnB focuses primarily on urban locations, while HomeAway concentrates on enabling travelers to stay at peoples' second homes in vacation locations, the analyst wrote. Meanwhile, AirBnB is probably increasing the number of travelers who utilize traditional lodging options offered by the online travel agencies, the analyst stated. While that could change in the future as AirBnB looks to enhance the appeal of shared accommodations, the company does not threaten Expedia (EXPE) and priceline.com (PCLN) in the near-term, according to Fuller. He kept a Market Perform rating on HomeAway and Outperform ratings on Expedia and Priceline. PRICE ACTION: In early afternoon trading, HomeAway fell 2.5% to $38.54, Expedia slid 0.9% to $71.65, and priceline.com lost about 1% to trade near $1,214.
News For AWAY;PCLN;EXPE From The Last 14 Days
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May 22, 2015
16:20 EDTEXPEOn The Fly: Top stock stories for Friday
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12:34 EDTEXPEOn The Fly: Top stock stories at midday
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10:19 EDTEXPEExpedia sale of eLong stake a positive for all parties, says Oppenheimer
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09:40 EDTEXPEExpedia opens at fresh life high, retraces, levels to watch
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09:34 EDTEXPEActive equity options trading on open
Active equity options trading on open: AAPL BABA AMZN FB MU BIDU SDRL BAC INTC EXPE CHK FEYE
09:25 EDTEXPEOn The Fly: Pre-market Movers
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05:29 EDTEXPECtrip.com acquires 37.6% stake in eLong from Expedia
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05:27 EDTEXPEeLong announces sale of Expedia stake
eLong (LONG) announced the sale by Expedia (EXPE) of its 62.4% ownership interest in the company held through its wholly owned subsidiary. Expedia informed eLong that, on May 22, all of the ordinary shares Expedia owned were sold at an average price of $14.63 per share to several purchasers based in China, including C-Travel International, a wholly owned subsidiary of Ctrip.com (CTRP), Keystone Lodging Holdings Limited, Plateno Group Limited and Luxuriant Holdings Limited.
05:25 EDTEXPEExpedia sold 62.4% stake in eLong for about $671M
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May 21, 2015
08:54 EDTAWAYHomeAway management to meet with Deutsche Bank
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May 19, 2015
17:29 EDTEXPEExpedia CFO clarifies guidance, says 70%-90% of EBITDA growth coming in 2H
During JPMorgan's Global Technology, Media and Telecom conference, Expedia CFO Mark Okerstrom stated, "I did want to just reiterate though and clarify some of the guidance that I gave on the [Q1 conference call]." Okerstrom went on to clarify that, excluding e-loan, the company expects the vast majority of its adjusted EBITDA dollar growth to come in the back half of the year. "Not sure if the message got through," elaborated Okerstrom, but for Expedia, vast majority means somewhere between 70%-90%.
09:58 EDTPCLN, EXPE, AWAYOn The Fly: Analyst Initiation Summary
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06:18 EDTPCLNPriceline initiated with a Neutral at Guggenheim
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06:18 EDTAWAYHomeAway initiated with a Neutral at Guggenheim
05:36 EDTPCLNBooking.com implements new parity provisions in Germany
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May 18, 2015
16:22 EDTEXPEExpedia initiated with a Buy at Guggenheim
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May 12, 2015
08:07 EDTAWAYSunTrust to hold a conference
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