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Stock Market & Financial Investment News

News Breaks
June 17, 2014
06:39 EDTPCLN, EXPE, AWAY, TRIPU.S. online travel trends improved through May, says Piper Jaffray
Piper Jaffray says its analysis of travel industry data indicates a "material improvement" in U.S. industry trends in Q2 through May. Piper reiterates Overweight ratings on HomeAway (AWAY), Priceline (PCLN) and TripAdvisor (TRIP) and says it is "increasingly constructive" on Neutral-rated Expedia (EXPE).
News For AWAY;PCLN;TRIP;EXPE From The Last 14 Days
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March 27, 2015
13:32 EDTEXPESabre in talks for non-U.S. acquisition in travel network business
In a regulatory filing, Sabre (SABR) reports that the Hawaii Supreme Court ruled this month that Expedia's (EXPE) Travelocity is not subject to Hawaii’s transient accommodation tax but is subject to its general excise tax. The court further ruled that an income splitting provision that benefits Travelocity applies to the general excise tax. Sabre initially paid $34M in 2013 in order to appeal the matter and expects to receive a majority of this amount back as a result of this ruling. The company also reports that as of the date hereof, Sabre is involved in active negotiations for a potential non-U.S. acquisition within the travel network business segment for which it is possible that it will enter into an agreement in Q2. If consummated, it anticipates that the acquisition would close in Q2/Q3 and require approximately $500M in funds. With respect to its consolidated income statement for the year ended December 31, on a pro forma basis, it expects the acquisition would have resulted in a revenue increase of approximately $250M and would have resulted in a modest increase in adjusted EBITDA. In 2015, it expects the transaction would be approximately neutral to adjusted EPS, and would have a positive impact on adjusted EPS thereafter.
March 26, 2015
10:04 EDTAWAYOn The Fly: Analyst Initiation Summary
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March 25, 2015
17:37 EDTEXPEExpedia, Orbitz receive second information request from DoJ
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16:08 EDTAWAYHomeAway initiated with an Outperform at Oppenheimer
Target $37.
March 20, 2015
07:00 EDTPCLNPriceline bookings tracking towards upper end of guidance, says Cantor
After conducting checks on global search traffic to Booking.com and other Priceline brands through mid- March, Cantor thinks the checks suggest that the company's bookings are tracking towards the upper end of management's guidance this quarter. The firm keeps a $1,360 price target and Buy rating on the shares.
March 18, 2015
06:02 EDTPCLNPriceline shares inexpensive 'by many measures,' says Piper Jaffray
Piper Jaffray says its conclusion from several valuation analyses is that shares of Priceline are inexpensive "by many measures." When compared to a comp group of hotel companies, the stock trades at a "material discount," Piper states. It believes shares are worth in excess of its $1,375 price target. The firm reiterates an Overweight rating on the name.
March 17, 2015
05:28 EDTAWAYPayByGroup announces partnership with HomeAway Software
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March 16, 2015
09:37 EDTTRIPActive equity options trading on open
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