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Stock Market & Financial Investment News

News Breaks
February 6, 2014
07:44 EDTEXPEExpedia weekly volatility elevated at 219 into Q4 and outlook
Expedia February weekly call option implied volatility is at 219, March is at 57, April is at 47, July is at 43; compared to its 26-week average of 40 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on February 6.
News For EXPE From The Last 14 Days
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February 9, 2016
14:00 EDTEXPEExpedia volatility elevated into Q4 and outlook
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February 4, 2016
06:14 EDTEXPETripAdvisor risk/reward now favorable into earnings, says Piper Jaffray
Piper Jaffray analyst Michael Olson says that following the significant underperformance of shares, the risk/reward for TripAdvisor (TRIP) is now favorable into the company's Q4 results. The slowdown in travel is already reflected into consensus estimates and concerns regarding the magnitude of the upcoming 2016 guide-down are overblown, Olson tells investors in a pre-earnings research note on the Online Content space. He reiterates an Overweight rating on the stock with a $120 price target. The analyst recommends avoiding Expedia (EXPE) and Priceline (PCLN) into the Q4 reports.
January 27, 2016
10:20 EDTEXPEGoldman says sell TripAdvisor as Airbnb adds to industry challenges
The outlook for online travel agencies, or OTAs, has become less favorable, partly due to increased competition from alternative lodging providers like Airbnb, Goldman Sachs wrote in a note to investors today. The firm downgraded one of the stocks in the sector, Priceline (PCLN), to Neutral from Buy, and cut another online travel agency, TripAdvisor (TRIP), to Sell from Neutral. WHAT'S NEW: Amid high lodging occupancy rates and below average supply growth, more travelers are embracing alternative lodging options like Airbnb, cutting out the OTAs, wrote Goldman analyst Heath Terry. Additionally, high occupancy rates are enabling hotels to seek better terms from OTAs, the analyst stated. Meanwhile, OTAs have increased their penetration of the hotel sector, leaving less room for share gains, Terry stated. Turning to specific stocks, the analyst expects Priceline to be hurt by the stronger dollar as well as increased competition from alternative lodging options. He anticipates that TripAdvisor's bottom line will be lowered by its efforts to convince hotels to join its Instant Booking program by granting them more favorable deal terms. Terry kept a Neutral rating on Expedia, but said that the stock could drop further, given the company's high exposure to large hotel chains, the competitive challenges it's facing, and integration risks from four major acquisitions it has made over the last two years. He cut his price target on Priceline to $1,200 from $1,500 and on TripAdvisor to $59 from $68. Terry has a $93 price target on Expedia. PRICE ACTION: In early trading, Priceline fell 3.5% to $1,073, TripAdvisor lost 3.2% to $67.44, and Expedia declined 2.2% to $102.61.
06:02 EDTEXPEPriceline downgraded to Neutral from Buy at Goldman
Goldman Sachs analyst Heath Terry downgraded Priceline (PCLN) to Neutral saying the environment for online travel agents is becoming less favorable amid high occupancy and rising competition from alternative accommodation providers. Terry cut his price target for the shares to $1,200 from $1,500. He continues to believe Priceline is the best positioned in the space, however. The analyst this morning also downgraded TripAdvisor (TRIP) to Sell and kept a Neutral rating on Expedia (EXPE).

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