Tag Archives: expe

Expedia Upgraded On Acquisitions; Airbnb Push Looms

Airbnb’s likely expansion into hotel bookings poses a threat to online travel companies, says Deutsche Bank, which nonetheless upgraded Expedia (EXPE) on expected momentum from acquisitions while downgrading Priceline Group (PCLN). Lloyd Walmsley, a Deutsche Bank analyst who covers online travel companies, rates Expedia stock a buy and raised his price target to 130 from 95. Expedia stock, which touched an all-time high of 115 on May 22, was up a

Expedia Has More To Gain From eLong Sale

Sometimes less is more. That might be the case for Expedia (EXPE), which is expected to gain more from the sale of its 62.4% stake in eLong, a China-based online travel site, to Ctrip.com International (CTRP) and others for $671 million late last month, says Kevin Kopelman, an analyst for Cowen & Co. In a research report Wednesday, Kopelman raised his price target on Expedia stock to 130 from 118, and he maintained his outperform rating. “ELong

Ctrip, Expedia Are Both Winners In eLong Sale

Ctrip International (CTRP) and Expedia (EXPE) both stand to benefit from the latter’s sale of its eLong (LONG) stake, analysts say, and shares of all three are taking off Friday. Expedia said it has shed its 62.4% majority stake in the struggling Chinese OTA eLong for $671 million. Ctrip picked up a 37.6% stake in eLong for about $400 million, the company said in a separate release. Ctrip and Expedia said they will “allow their respective