GOOG: Priceline (PCLN -2.4%) and Expedia (EXPE...

11:38 AM Priceline (PCLN -2.4%) and Expedia (EXPE -1.6%) slide after Morgan Stanley's Scott Devitt downgrades Priceline to Equalweight. Devitt sees Priceline posting a bookings CAGR of 19% over the next 3 years (down from 46% over the last 3) and also expects EBITDA margin to fall by 220 bps over this time. Tougher European competition from Expedia, Google's (GOOG) online travel efforts, rising travel search ad costs (good for Google), and a shift to mobile bookings (Priceline is better at monetizing PC activity)  are also concerns. Read comments

GOOG price at time of publication: $754.7. Check GOOG price now »

Focus Articles on GOOG

• Google: Buy On Attractive Valuation And Solid Fundamentals by Stock Gamer
• Google's Cost Per Click Improvement Drives Stock Higher by Casey Hoerth
• Could Google Really Buy Zillow (Or Trulia)? by Brian Nichols

Press Releases on GOOG

• Southwest Chelsea to Become First WiFi Neighborhood in Manhattan (Business Wire)
• Google Announces Date of Fourth Quarter 2012 Financial Results Conference Call (Business Wire)
• Google to Present at the Piper Jaffray TMT Conference (Business Wire)

Related Articles on GOOG

• Could Neonode Be An Acquisition Candidate? (And Other Stock Updates) by James Altucher
• Wanted: Technocrats Buying Into BlackBerry 10 by Kofi Bofah
• Bebe Stores: Unloved, Undervalued, And Set To Rally by Helix Investment Research

StockTalk on GOOG: GOOG StockTalk | Twitter GOOG | Twitter $GOOG | GOOG Instablogs

Recent Market Alerts on GOOG: All currents | Earnings | Dividends | M&A | On the move

Transcripts on GOOG

• Google's CEO Discusses Q4 2012 Results - Earnings Call Transcript
• Google's CEO Discusses Q3 2012 Results - Earnings Call Transcript
• Google's Management Discusses Q2 2012 Results - Earnings Call Transcript

---

Why are you receiving this? You subscribed to real-time Market Currents alerts at Seeking Alpha.
If this email was forwarded to you and you wish to subscribe to this email, click here.

Manage your emails:
Get alerts on additional tickers and manage all your email alert choices here
I'm getting too many emails: manage your email alert choices
I'm no longer following GOOG: unsubscribe from all GOOG email alerts
This type of alert isn't helpful to me: unsubscribe from Market Currents (breaking news) alerts on GOOG

To ensure you receive these emails in the future, please add account@seekingalpha.com to your address book, contacts or list of safe senders.

Prices in this email are BATS Last Sale quotes.

Sent by Seeking Alpha, 345 7th Ave. Suite 1400 New York, NY 10001