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News Breaks
January 3, 2014
05:53 EDTYELP, BITA, PCLN, EXPEValue of Internet middlemen surges, WSJ reports
These are flush times for leading Web-based middlemen of everything from airline tickets to hotels to cars. As commerce moves quickly to these platforms, the best-known, best-capitalized ones are able to capture outsize market share, reports the Wall Street Journal. The latest: Cox Enterprises has bought back a stake in AutoTrader Group in a deal that implies a value of about $7B for the online auto marketplace. Reference Link
News For PCLN;YELP;EXPE;BITA From The Last 14 Days
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October 8, 2015
10:15 EDTYELPGroupon retreats after analyst starts coverage with sell rating
The shares of Groupon (GRPN) after falling after research firm Cowen initiated coverage of the stock with an Underperform rating, the firm's equivalent to a sell, warning that the company's operating margins are "low and trending down." WHAT'S NEW: Groupon's margins are "steadily deteriorating" as the company has lowered the amount it charges retailers who participate in its Services deals, Cowen analyst Kevin Kopelman reported. Moreover, Groupon has begun subsidizing the discounts that Services merchants offer, the analyst said. Meanwhile, the coupon company's Shopping business carries much lower margins than its Services unit and its efforts to raise Shopping's margins have yielded "choppy" progress, according to Kopelman. The year-over-year growth of Groupon's active North America customer base dropped to 10% in Q2, from 18% in the second quarter of 2014, indicating that its core market has peaked, the analyst stated. Noting that Groupon has identified food delivery as its next growth catalyst, Kopelman warned that the space is "hyper-competitive." Yelp (YELP), Amazon (AMZN) and Uber have all announced plans to enter the sector, noted the analyst, who believes that it will be difficult for Groupon to generate return on investment in the space. Kopelman set a $2.75 price target on Groupon. WHAT'S NOTABLE: Grubhub (GRUB) is a key player in the Internet food delivery space. PRICE ACTION: In early trading, Groupon fell 3.7% to $3.68, while GrubHub lost 1% to $28.18.
October 6, 2015
07:24 EDTEXPEbloomberg to hold a summit
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06:23 EDTPCLNPriceline implied volatility of 34 at upper end of index mean range
05:51 EDTPCLNStocks with implied volatility movement; ODP PCLN
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October 5, 2015
07:19 EDTEXPEOpen Mobile Media to hold a summit
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October 4, 2015
13:54 EDTYELPGoogle, Facebook set to continue dominating web ads, Barron's says
Google (GOOG) and Facebook (FB) are likely to continue dominating online advertising, with Twitter (TWTR), Yahoo (YHOO), and LinkedIn (LNKD) increasingly becoming "distant rivals" as advertisers flock to the two biggest names in the space, Barron's contends in its 'Technology Trader' column. Shares of Google and Facebook "probably have decent upside from here," while the future of Angie's List (ANGI) and Yelp (YELP) looks "less certain," Barron's adds. Reference Link
October 1, 2015
09:12 EDTEXPE, PCLNUBS internet and leisure analysts hold an analyst/industry conference call
Internet Analyst Sheridan and Leisure Analyst Farley, along with Max Starkov, the CEO of HeBS Digital, discuss the mechanics of instant booking on Google and TripAdvisor, the pros and cons of these programs from a hotelier's perspective and what impact Google and TripAdvisor's instant booking programs will have on Expedia and on an Analyst/Industry conference call to be held on October 1 at 10:30 am.
06:03 EDTPCLN, EXPEPriceline has best risk/reward in online travel, says Piper Jaffray
Piper Jaffray analyst Michael Olson says Priceline (PCLN) has the most favorable risk/reward in the online travel space given its "attractive" valuation and exposure to broad strength in Europe. Travel industry trends in Europe during Q3 indicate a solid quarter while U.S. trends showed mixed results, Olson tells investors in a research note. He believes the recent selloff in Priceline presents an attractive entry point. The analyst reiterates Overweight ratings on Priceline, HomeAway (AWAY) and TripAdvisor (TRIP). Olson keeps a Neutral rating on Expedia (EXPE) saying the valuation "appears full" compared to peers.
September 30, 2015
11:54 EDTBITAAutohome, Bitauto jump after China halves tax on small cars
Shares of Autohome (ATHM) and Bitauto (BITA) are moving higher after the Chinese government yesterday morning said it would cut the 10% purchase tax on small cars in half. The tax break, effective between tomorrow through the end of next year, is on cars with engines no larger than 1.6 liters and is aimed at boosting demand, the government announced. Autohome, a provider of online advertising and dealer subscription services, is up $4.51 to $34.10 in midday trading. Bitauto, a provider of Internet content and marketing services for China's automotive industry, is up $1.88 to $30.17.
September 29, 2015
07:22 EDTYELPIrvine experience at Blue Nile may benefit Yelp, says Brean Capital
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September 28, 2015
09:01 EDTYELPYelp appoints Diane Irvine as Chairperson of the Board effective immediately
Yelp announced the election of current board member, Diane Irvine, to the position of non-executive board chairperson, effective immediately. Irvine takes over from Max Levchin, who recently stepped down from Yelp's and other boards to dedicate more time to the company he founded and leads. Diane is also a board member of XO Group and Rightside Group.
07:20 EDTYELPYelp said to name Diane Irvine as chairwoman, USA Today reports
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07:10 EDTYELPBlue Calypso, Yelp agree to initial order of KIOSentrix Beacons
Blue Calypso (BCYP) announced that Yelp (YELP) has agreed to explore the use of KIOSentrix AC powered beacons in potential distribution to Yelp's retail customer base. Yelp has committed to an initial order of 4,000 KIOSentrix beacons. Additionally, Blue Calypso and Yelp have agreed to dismiss their pending lawsuit.
September 25, 2015
08:46 EDTYELPYelp has potential positive catalysts, says SunTrust
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