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Stock Market & Financial Investment News

News Breaks
July 3, 2014
07:10 EDTPCLN, OWW, EXPEIATA report positive for online travel sector, says Oppenheimer
Oppenheimer says the International Air Transport Authority released its monthly passenger market report for May, showing international growth up 7.0% with Asia Pacific leading the regions at 7.3%. All regions except Africa experienced positive traffic growth with Europe up 6.1% and the U.S. up 4.4%. Opco views the report as a positive data point for the online travel sector and keeps Outperform ratings on Priceline (PCLN) and Expedia (EXPE) and a Perform rating on Orbitz (OWW).
News For PCLN;EXPE;OWW From The Last 14 Days
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May 26, 2015
09:07 EDTEXPEExpedia price target raised to $125 from $109 at BofA/Merrill
BofA/Merrill raised Buy rated Expedia's price target to $125 from $109 following the sale of its majority position in eLong for $671M. The firm said the sale will simplify Expedia's consolidated financials and highlights shareholder friendly actions by the company.
08:23 EDTEXPEExpedia price target to $120 from $105 at Raymond James
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08:12 EDTEXPEExpedia upgraded on improved outlook at JMP Securities
As noted earlier, JMP Securities upgraded Expedia to Outperform from Market Perform. The firm thinks the company is gaining share, building scale globally, streamlining itself, and making itself more profitable. The firm is upbeat on Expedia's technology platform that it launched a few years ago and thinks the company can benefit from an improved global travel market. Target $130.
06:12 EDTPCLNPriceline to invest additional $250M in Ctrip.com
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06:08 EDTEXPEExpedia upgraded to Outperform from Market Perform at JMP Securities
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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 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 EDTOWW, PCLN, EXPEOn The Fly: Analyst Initiation Summary
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06:18 EDTPCLNPriceline initiated with a Neutral at Guggenheim
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06:18 EDTOWWOrbitz initiated with a Neutral at Guggenheim
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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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