Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member. Inc (PCLN)’s Second Quarter Growth In Hotel And Rental

Page 1 of 2

The rise of Inc (NASDAQ:PCLN) shares to a price target that no other S&P 500 stock has reached before speaks to current investor tolerance for high share prices. Two factors driving share prices higher include the Federal Reserve’s quantitative easing and the improvements seen in the economy during recent months. Analyst Howard Silverblatt explains in the Wall Street Journal that companies are not engaging in as many stock splits as they have in the past. He mentions that companies tend to have a comfort level around a certain price range they want their shares to trade at. When share prices remain stable but rise above that comfort level, companies are more inclined to split the stock. Inc (NASDAQ:PCLN)

That strategy is not used as often anymore because investors are showing less concern about higher-priced stocks. Inc (NASDAQ:PCLN)’s CEO Jeffrey Boyd has said that the board had considered splitting the stock, but ultimately voted against it, stating that the company’s main focus is managing the business, not monitoring the stock price.

Priceline’s second quarter growth in hotel rooms and rental cars Inc (NASDAQ:PCLN)’s latest results were supported by a busy travel season with steady growth in hotel rooms and rental cars. GAAP net income for the second quarter ended June 30 was $437 million, or $8.39 per diluted share, compared to $352 million, or $6.88 per diluted share in the same period last year. Non-GAAP net income for the second quarter was $508 million, up 25.6% over 2012; non-GAAP net income per diluted share was $9.70 versus last year’s $7.85.

The company’s future investments include content expansion and new market penetration and distribution to build the company’s brands. Inc (NASDAQ:PCLN) has five primary brands –,,, KAYAK, and – and provides online travel services to over 180 countries. The company’s targets for the third quarter include a year-over-year increase in total gross travel bookings of 27% to 34%; adjusted EBITDA increase of about $990 million to $1,055 million; and GAAP net income per diluted share to range between $13.75 and $14.75.

Expedia Inc (NASDAQ:EXPE) focusing on new programs and platforms to increase revenue

For Expedia Inc (NASDAQ:EXPE), keeping up with Inc (NASDAQ:PCLN) has been no easy task. Room nights grew 19% year-over-year in the second quarter and revenue margin, or revenue as a percentage of gross bookings, was 12%–an increase of 30 basis points compared to the same period last year. Milestones during the second quarter were the global rollout of the Expedia Traveler Preference program, with successful conversions at major hotel chains. The brand Expedia Inc (NASDAQ:EXPE) moved to a new package platform and saw quarterly revenue rise 26%.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!