New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 21, 2014
11:29 EDTEXPE, OWW, PCLNpriceline.com advances after results beat expectations
Shares of online travel agency priceline.com (PCLN) are climbing after the company reported stronger than expected fourth quarter results last night. WHAT'S NEW: priceline.com's Q4 earnings per share and revenue both exceeded analysts' consensus estimates. However, the online travel agency provided first quarter EPS guidance of $6.35-$6.85, versus the consensus estimate of $7.19. It predicted that its revenue would jump about 15%-25% in Q1 versus the same period a year earlier. The company said that it would expand its ad campaign for its Booking.com website to additional markets and launch similar campaigns for other websites. The later start of Easter this year versus last year will hurt priceline.com's Q1 margins, the company stated. The company said it intends to increase its investments in personnel, offices and IT this quarter as it prepares for the peak travel season. ANALYST REACTION: Many research firms reacted to priceline.com's results and guidance by raising their price targets on the shares. Pacific Crest hiked its price target on the stock to $1,580 from $1,220, Benchmark Co. increased its target to $1,550 from $1,200, and Deutsche Bank raised its price target to $1,425 from $1,240. Pacific Crest kept an Outperform rating on the stock, while Deutsche Bank and Benchmark kept Buy ratings on the shares. OTHERS TO WATCH: Other online travel agencies include Orbitz Worldwide (OWW) and Expedia (EXPE). PRICE ACTION: In late morning trading, Priceline.com gained $47, or 3.7%, to about $1,330.
News For PCLN;OWW;EXPE From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
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
Subscribe for More Information
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
Subscribe for More Information
06:08 EDTEXPEExpedia upgraded to Outperform from Market Perform at JMP Securities
Subscribe for More Information
May 22, 2015
16:20 EDTEXPEOn The Fly: Top stock stories for Friday
Subscribe for More Information
12:34 EDTEXPEOn The Fly: Top stock stories at midday
Subscribe for More Information
10:19 EDTEXPEExpedia sale of eLong stake a positive for all parties, says Oppenheimer
Subscribe for More Information
09:40 EDTEXPEExpedia opens at fresh life high, retraces, levels to watch
Subscribe for More Information
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
Subscribe for More Information
05:29 EDTEXPECtrip.com acquires 37.6% stake in eLong from Expedia
Subscribe for More Information
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
Subscribe for More Information
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
Subscribe for More Information
06:18 EDTPCLNPriceline initiated with a Neutral at Guggenheim
Subscribe for More Information
06:18 EDTOWWOrbitz initiated with a Neutral at Guggenheim
Subscribe for More Information
05:36 EDTPCLNBooking.com implements new parity provisions in Germany
Subscribe for More Information
May 18, 2015
16:22 EDTEXPEExpedia initiated with a Buy at Guggenheim
Subscribe for More Information
1 | 2 | all recent news | >>

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