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February 21, 2014
11:29 EDTEXPE, OWW, advances after results beat expectations
Shares of online travel agency (PCLN) are climbing after the company reported stronger than expected fourth quarter results last night. WHAT'S NEW:'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 website to additional markets and launch similar campaigns for other websites. The later start of Easter this year versus last year will hurt'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'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, gained $47, or 3.7%, to about $1,330.
News For PCLN;OWW;EXPE From The Last 14 Days
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November 30, 2015
10:21 EDTPCLNWyndham Vacation Rentals, announce distribution agreement, part of The Priceline Group (PCLN), and Wyndham Vacation Rentals, part of Wyndham Exchange & Rentals and the Wyndham Worldwide family of brands (WYN), have announced a new worldwide distribution agreement. Through this arrangement, Wyndham's global portfolio of vacation rental brands, including Landal GreenParks, NOVASOL, Hoseasons, and Wyndham Vacation Rentals North America, will now be able to utilize the website and mobile apps as distribution channels for their properties. Over the past two years, has worked individually with several brands of Wyndham Vacation Rentals, primarily in Europe. " has been a great partner for us in Europe, and we're very excited to extend our relationship globally through this new agreement," said Gail Mandel, president and CEO, Wyndham Exchange & Rentals, the parent company of Wyndham Vacation Rentals. Additional terms of the agreement have not been disclosed.
November 20, 2015
07:10 EDTEXPEExpedia outlook has improved, says Oppenheimer
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November 19, 2015
13:24 EDTEXPE, PCLNExpedia CEO says shut out of TripAdvisor Instant Booking for now, Skift says
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November 17, 2015
16:33 EDTPCLNPriceline appoints Christa Quarles CEO of OpenTable
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12:11 EDTEXPEExpedia management to meet with Guggenheim
Meeting to be held in FT. Lauderdale on November 18 hosted by Guggenheim.
06:57 EDTEXPEExpedia enters strategic technology partnership with SilverRail Technologies
SilverRail Technologies and Expedia announced a strategic technology partnership to power Expedia's global expansion in the rail business. SilverRail's global rail ticketing platform simplifies the process of accessing multiple rail companies through a standard interface. This will enable Expedia to deliver a simple, consistent search and booking experience to which their customers have become accustomed. Development has already begun, with platform launch expected in 2016.
November 16, 2015
10:07 EDTEXPEExpedia shares defended at Cowen
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09:37 EDTEXPEActive equity options trading on open
Active equity options trading on open: AAPL FB ORCL BAC SUNE FDX FCX EXPE NFLX MU AMZN INTC TSLA

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