Expedia Announces eLong Transaction

Expedia (EXPE) EPS Estimates Raised at Oppenheimer on eLong Divestiture; Remains on Sidelines

Oppenheimer analyst Manish Hemrajani adjusted estimates on Expedia (NASDAQ: EXPE) following the eLong divestiture but maintained a Perform rating.

Hemrajani commented, "On Friday last week, Expedia announced that it has sold its entire stake in eLong to Ctrip and... More

Summit Research 'Aggressive' Buyers of Ctrip (CTRP); PT Lifted to $122

Summit Research analyst Henry Guo reiterated a Buy rating and boosted his price target on Ctrip.com (NASDAQ: CTRP) to $122.00 (from $80.00), saying they have become aggressive buyers of the stock.

Guo commented, "CTRP shares were up strongly last Friday after the company announced its acquisition of... More

Expedia (EXPE) PT Raised to $130 at RBC Capital on eLong Stake Sale

RBC Capital analyst Mark Mahaney raised his price target on Outperform-rated Expedia (NASDAQ: EXPE) to $130.00 (from $120.00) after the company announced that it sold its 62.4% share of eLong to a number of China-based buyers, including competitor Ctrip, in which Priceline has a minority stake. The... More

Raymond James Upgrades Ctrip.com (CTRP) to Strong Buy

Raymond James upgraded Ctrip.com (NASDAQ: CTRP) from Market Perform to Strong Buy with a price target of $111.00.

For an analyst ratings summary and ratings history on Ctrip.com click here. For more ratings news on Ctrip.com click here.

Shares of Ctrip.com closed at $71.99 yesterday.

Expedia (EXPE) Sells 62.4% Stake in eLong (LONG) for $671M (CTRP)

Expedia (NASDAQ: EXPE) announced that Expedia has sold its 62.4% majority stake in eLong, Inc. (NASDAQ: LONG) to several purchasers based in China, including Ctrip.com International, Ltd. (NASDAQ: CTRP), Keystone Lodging Holdings Limited,... More