Expedia (EXPE) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Expedia's valuation gap versus Booking Holdings is unjustified, with EXPE trading at a significant discount despite solid growth and returns. EXPE share trades at 8.2 x P/cash earnings and 0.5 PEG on 2025 estimates that are below consensus. Cash earnings growth of 16% in the 2025-2026 period provides US$2bn in free cash flow, or 11% of market cap.
The talks were in early stages and it is unclear whether an acquisition will take place since Uber has not formally approached Expedia, three people familiar with the process told the Financial Times.
Expedia Group Inc (NASDAQ:EXPE) stock is up 5.6% at $159.30 at last glance, and earlier hit a two-year high of $161.88.
Expedia (EXPE) shares rose, while those of Uber Technologies (UBER) moved lower Thursday morning following a report from the Financial Times that the ridesharing giant has explored acquiring the travel booking company.
Expedia (EXPE) shares surged while those of Uber Technologies (UBER) moved lower Thursday morning following a report from the Financial Times that the ridesharing giant has explored acquiring the travel booking company.
Dan Ives, Wedbush Securities managing partner, joins 'Squawk Box' to discuss news of Uber exploring a possible bid for the travel booking website Expedia, why he believes the potential deal would make sense for Uber, and more.
Expedia stock climbed 8% while Uber stock fell more than 3% in premarket trading on Thursday. Uber spoke with advisors about a potential takeover in recent months, The Financial Times reported.
Buying the online travel company would open up more routes to growth for Uber, by unlocking the possibility of a so-called super app.
New B2B disclosures highlight Expedia's supportive product portfolio. Vrbo booking stabilization is a plus to consider. Solid balance sheet, inexpensive valuation, and strong fundamentals make Expedia a clear buy.
Shares of Expedia Group Inc. jumped more than 7% in after-hours trading Wednesday after the Financial Times reported Uber Technologies Inc. was considering a bid to buy the online travel company.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.