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EXPE

Expedia

$125.63

1.45 (1.17%)

06:10
06/14/19
06/14
06:10
06/14/19
06:10

Expedia settles alleged violations of U.S. sanctions on Cuba, Treasury says

Expedia Group has agreed to pay more than $325,000 to settle allegations that it violated U.S. sanctions on Cuba, the Treasury Department said. The Office of Foreign Assets Control said: " Expedia, headquartered in Bellevue, Washington, on behalf of itself and its subsidiaries and affiliates worldwide, has agreed to pay $325,406 to settle its potential civil liability for providing Cuba-related travel services in apparent violation of the Cuban Assets Control Regulations, 31 C.F.R. part 515. Specifically, between on or about April 22, 2011 and on or about October 16, 2014, Expedia dealt in property or interests in property of Cuba or Cuban nationals by assisting 2,221 persons - some of whom were Cuban nationals - with travel or travel-related services for travel within Cuba or between Cuba and locations outside the United States. These transactions appear to have violated Section 515.201(b) of the CACR. OFAC determined that the apparent violations were voluntarily self-disclosed to OFAC and occurred prior to agency notice." Reference Link

EXPE Expedia
$125.63

1.45 (1.17%)

05/22/19
05/22/19
DOWNGRADE

Hold
Expedia downgraded to Hold at Argus on slowing Vrbo bookings
As previously reported, Argus analyst John Staszak downgraded Expedia to Hold after its "mixed" Q1 results that showed bookings growth at the company's Vrbo unit slowing to "just 5%" from 46% in Q1 of last year. The analyst expects that growth rate to remain "modest" and also warns that the company's core lodging business will be constrained by rising spending on marketing and technology upgrades. Based on Expedia's prospects of "decelerating growth", Staszak believes that the current 17.3-times his expected 2019 earnings valuation "adequately" reflects its prospects even though that multiple is near the bottom of the company's 17- to 36-times historical range.
05/22/19
05/22/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Activision Blizzard (ATVI) downgraded to Equal Weight from Overweight at Stephens with analyst Jeff Cohen saying recent reporting from Kotaku about issues in the Call of Duty pipeline have begun to make bull case for Activision shares "look like less of a certainty." 2. Mallinckrodt (MNK) downgraded to Hold from Buy at Jefferies with analyst Anthony Petrone saying the company's risk profile "continues to heighten" given Medicare's reduced funding for Acthar, unknowns around opioid litigation, and its balance sheet health. 3. Anadarko (APC) downgraded to Market Perform from Outperform at Cowen with analyst David Deckelbaum citing the increased takeout bid that was accepted from Occidental Petroleum (OXY). 4. Expedia (EXPE) downgraded to Hold from Buy at Argus with analyst John Staszak citing its "mixed" Q1 results that showed bookings growth at the company's Vrbo unit slowing to "just 5%" from 46% in Q1 of last year. 5. Zayo Group (ZAYO) downgraded to Market Perform from Outperform at Raymond James. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/23/19
SBSH
05/23/19
DOWNGRADE
Target $130
SBSH
Neutral
Expedia downgraded to Neutral from Buy at Citi
Citi analyst Mark May downgraded Expedia (EXPE) to Neutral from Buy and lowered his price target for the shares to $130 from $145. The analyst coupled the downgrade with an upgrade of Booking Holdings (BKNG) to Buy from Neutral. Vrbo's growth has "disappointed and slowed meaningfully," and this could weight on Expedia's overall growth, May tells investors in a research note. Further, Booking is stepping up its investments in the U.S., which could weigh on both Expedia's core business and Vrbo growth, adds May. He believes Booking shares are better positioned than Expedia for at least the remainder of 2019.
05/23/19
05/23/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Qualcomm (QCOM) downgraded to Neutral from Buy at Mizuho with analyst Vijay Rakesh saying he is moving to the sidelines given the "uncertainty" with Judge Koh's Federal Trade Commission ruling on Qualcomm. 2. Chipotle (CMG) and Bloomin' Brands (BLMN) downgraded to Underperform from Market Perform at BMO Capital. 3. Sasol (SSL) downgraded to Neutral from Buy at Citi and to Neutral from Overweight at JPMorgan. 4. Expedia (EXPE) downgraded to Neutral from Buy at Citi with analyst Mark May saying Vrbo's growth has "disappointed and slowed meaningfully," and this could weight on Expedia's overall growth. 5. NetApp (NTAP) downgraded to Buy from Conviction Buy at Goldman Sachs and to Hold from Buy at Lake Street. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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AWK

American Water

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LMT

Lockheed Martin

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GILD

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BA

Boeing

$374.10

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GOOG

Alphabet

$1,115.75

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AAPL

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WMT

Walmart

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CAT

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FBK

FB Financial

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FLR

Fluor

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ERYP

Erytech Pharma

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LMT

Lockheed Martin

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0.555 (0.15%)

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MDCO

The Medicines Co.

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MHTLY

Metcash

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MKTX

MarketAxess

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TMSR

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