New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 6, 2013
06:18 EDTEXPEExpedia price target raised to $80 from $67 at Benchmark Co.
Benchmark Co. raised its price target for Expedia citing the company's strong Q4 results and keeps a Buy rating on the stock. The firm believes investors should be willing to accept near-term margin compression from higher spending for an anticipated increase in global market penetration and keeps a Buy rating on the stock.
News For EXPE From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
March 31, 2015
11:14 EDTEXPEOptions with increasing implied volatility
Subscribe for More Information
11:12 EDTEXPEPriceline rises after Stifel says European macro risks already priced in
The shares of online travel agency Priceline (PCLN) are advancing in a down market after Stifel upgraded the stock, saying that the European macro economic risks faced by the company are priced into the shares at current levels, while the stock's valuation is compelling. WHAT'S NEW: The macro economic risks that Priceline faces in Europe are already priced into the stock, Stifel analyst Scott Devitt wrote in a note to investors earlier today. Following the stock's recent underperformance spurred by this risk and worries about the stock's valuation, the shares' risk/reward ratio has become attractive, Devitt believes. If the economic situation in Europe improves, Priceline's stock could rise, Devitt said. Citing Priceline's estimated 5% 2015 free cash flow yield, its newly initiated $3B share repurchase program, and its consistent profitable organic growth, the analyst wrote that the company has strong fundamentals and favorable shareholder policies. Moreover, the combination of Priceline's leverage to improvement in Europe, its leading position in its industry, and its compelling valuation make the company unique among mature, growing large-cap Internet companies, according to the analyst, who set a $1,400 price target on the shares. OTHERS TO WATCH: Other companies in Priceline's sector include Expedia (EXPE) and Orbitz (OWW). PRICE ACTION: In mid-morning trading, Priceline rose 2% to $1,172.
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 25, 2015
17:37 EDTEXPEExpedia, Orbitz receive second information request from DoJ
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use