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Tripadvisor, Inc. (NASDAQ: TRIP) Price Target CAD$ 28.12 Consumer Discretionary -Travel Services Rating Hold Tripadvisor, Tripping Up? Share Price (Apr
Analyst: Angela Chen, BCom. ‘24 [email protected] Equity Research US TripAdvisor, Inc. (NASDAQ: TRIP) Price Target CAD$ 28.12 Consumer Discretionary -Travel Services Rating Hold TripAdvisor, Tripping Up? Share Price (Apr. 23 Close) CAD$ 50.99 April 23, 2020 Total Return* -44.8% TripAdvisor, Inc. is an online travel company operating a portfolio Key Statistics of websites with user-generated content and comparison shopping. The company operates in 49 different global markets 52 Week H/L $64.95/$14.53 with 23 different travel media brands to provide customers with Market Capitalization $6.87B the all-encompassing travel booking and planning experience. Average Daily Trading Volume $3.5M Thesis Net Debt $144M TripAdvisor is a leading online travel metasearch and review Enterprise Value $7, 305M website with a strong brand image, management team and a Net Debt/EBITDA -3.9x positive cash flow and a balanced capital structure. As an upward Diluted Shares Outstanding $122.0M recovery trends from the Covid-19 pandemic, TripAdvisor is in a good position to capitalize on these opportunities. However, Free Float 70.5% current unpredictability in market conditions make TripAdvisor a Dividend Yield - % higher-risk investment. WestPeak’s Forecast Drivers 2020A 2021E 2022E As vaccines for the Covid-19 pandemic become readily available Revenue $604M $1.24B $1.49B to the general public and governmental regulations lift in various EBITDA -$169M $186M $149M countries, it is expected that TripAdvisor will be able to take Net Income -$290M $67M $129M advantage of rebounded growth in the travel industry. Furthermore, as regulations on Big Tech tighten in North America EPS -$2.15 $0.50 $0.96 and elsewhere, TripAdvisor is expected to see success in growing P/E n/a 111.1x 135.6x its market share. -
Separately Managed Account - MDT Tax Aware All Cap Core Portfolio Holdings As of 6/30/19
Separately Managed Account - MDT Tax Aware All Cap Core Portfolio Holdings as of 6/30/19 Sector Company COMMUNICATION SERVICES Alphabet Inc. CBS Corporation Charter Communications Inc * DISH Network Corporation Electronic Arts Inc. Facebook, Inc. Live Nation Entertainment, Inc. * MSG Networks Inc. Verizon Communications Inc. CONSUMER DISCRETIONARY Amazon.com, Inc. AutoZone, Inc. Burlington Stores, Inc. Expedia Group, Inc. Hilton Worldwide Holdings Kohl's Corporation Lowe's Companies, Inc. Lululemon Athletica Inc. Mohawk Industries, Inc. O'Reilly Automotive, Inc. Target Corporation The Goodyear Tire & Rubber Company The Home Depot, Inc. Wyndham Destinations, Inc. CONSUMER STAPLES Archer-Daniels-Midland Company Church & Dwight Co., Inc. Costco Wholesale Corporation Herbalife Ltd. PepsiCo, Inc. The Estee Lauder Companies Inc. Walmart Inc. ENERGY Chevron Corporation * Continental Resources, Inc. EOG Resources, Inc. Exxon Mobil Corporation HollyFrontier Corporation Phillips 66 Valero Energy Corporation FINANCIALS Ameriprise Financial, Inc. Bank of America Corporation Berkshire Hathaway Inc. Capital One Financial Corporation Citigroup Inc. Everest Re Group, Ltd. First Republic Bank IntercontinentalExchange Inc. JPMorgan Chase & Co. M&T Bank Corporation Prudential Financial, Inc. The Allstate Corporation The PNC Financial Services Group, Inc. The Progressive Corporation The Travelers Companies, Inc. HEALTH CARE Anthem, Inc. Biogen Idec Inc. Eli Lilly and Company Separately Managed Account - MDT Tax Aware All Cap Core Portfolio Holdings as of 6/30/19 Sector Company HCA Healthcare, Inc. * Humana Inc. Ionis Pharmaceuticals, Inc. Jazz Pharmaceuticals plc Regeneron Pharmaceuticals, Inc. Stryker Corp * Veeva Systems Inc. Vertex Pharmaceuticals Incorporated INDUSTRIALS Caterpillar Inc. CSX Corporation Cummins Inc. Delta Air Lines, Inc. Lennox International Inc. Lockheed Martin Corporation * PACCAR Inc The Boeing Company Trinity Industries, Inc. -
Expedia Goes All-In on AWS
Expedia Goes All-In on AWS businesswire.com/news/home/20171129005490/en/Expedia-All-In-AWS November 29, 2017 SEATTLE--(BUSINESS WIRE)--Today, Amazon Web Services, Inc. (AWS), an Amazon.com company (NASDAQ: AMZN), announced that Expedia, Inc. (NASDAQ: EXPE), a global online travel company, has gone all-in on AWS and is standardizing on AWS machine learning technologies to enhance travelers’ booking experiences across its brands, including Expedia.com, Hotels.com, Expedia Affiliate Network (EAN), HomeAway, Egencia, and others. As part of a corporate-wide initiative to focus its engineering teams on innovation rather than hardware procurement and datacenter management, Expedia continues to move its 20 years’ worth of core-business workloads, digital properties, mobile applications, and legacy platforms largely from owned datacenters to AWS and will migrate several databases from Microsoft SQL Server and Oracle to Amazon Aurora as part of that process. The travel industry giant chose AWS for its highly scalable infrastructure, unmatched breadth of cloud services, and proven operational expertise. “The travel industry understands that it needs to continually transform consumer experiences to remain competitive and keep their customers engaged” Tweet this In 2013, Expedia started leveraging AWS to speed up various large-scale projects, a move that set the stage for its future marketing agreements and, eventually, acquisitions. Expedia could not have integrated and completed one of its first acquisitions in just 91 working days without leveraging AWS for capacity and traffic management. In the last couple of years, Expedia accelerated its cloud migration efforts to move the vast majority of its workloads to AWS. -
El Sector Se Harta Del Incesante Maltrato Político BASTA Las Cadenas España Acoge Resisten Para Nuevos Modelos No Bajar Precios Hoteleros PÁGINAS 22-23 PÁGINA 36
REVISTApreferente DE ANÁLISIS Y ESTRATEGIA TURÍSTICA AÑO XXVIII I No 333 I FEBRERO 2019 El Sector se harta del incesante maltrato político BASTA Las cadenas España acoge resisten para nuevos modelos no bajar precios hoteleros PÁGINAS 22-23 PÁGINA 36 Los emisores Expedia y Alibaba: españoles sacan distintos enfoques músculo de nuevo del toque humano PÁGINA 40 En España la primera industria no es asunto PÁGINA 92 de Estado mientras se tolera la turismofobia y hasta se menosprecia el ‘sol y playa’ ESPECIAL PÁGINAS 6-18 INFORME Los tres líderes ESPECIAL China: por qué de Cuba, aún más The Grand Reserve, el todo es diferente fuertes en la isla top de Meliá en el Caribe PÁGINAS 48-49 PÁGINAS 78-79 PÁGINAS 63-70 Renace a lo grande un icono de La Habana IBEROSTAR GRAND P ACKARD Descubra el nuevo hotel Iberostar Grand Packard, un enclave único en el corazón histórico de la ciudad con espectaculares vistas al Malecón y a la bahía. Sumérjase en la historia y los ritmos de Cuba desde este hotel gran lujo de la Habana Vieja. iberostar.com | +34 971 998 061 EDITORIAL habido algo de responsabilidad de los propios empresarios turísticos: divididos, Basta confundidos, sin liderazgo, incapaces de estructurar su mensaje, también tienen as perspectivas turísticas para 2019 no son buenas. A partir de esta afirmación parte de la culpa en este lamentable estado de cosas. Len la que todo el mundo estaría de acuerdo, el grado de preocupación varía Sin embargo, es evidente que esto no puede continuar así. El sector ha dicho según el operador con el que se hable. -
2020 Inclusion & Diversity Report
2020 Inclusion & Diversity Report Welcome By Expedia Group’s Inclusion & Diversity Team Travel is a force for good. At Expedia Group, it’s our mission to power global travel for everyone, everywhere, because we know that travel strengthens connections, broadens horizons, and bridges divides. And to do this work, we rely on the diverse backgrounds and experiences of our employees, travelers, partners and communities. We believe it’s a privilege to work in the travel industry, where we can bring people abroad, immerse them in new languages and communities, and give them a chance to experience the world. Through travel, people from disparate backgrounds come together to share their rich history and traditions and feel connected to something greater than themselves. We also embrace the duty to create safe travel opportunities and remove barriers for our partners and travelers. This is especially critical for marginalized communities who may be the target of harmful behavior because of the color of their skin, the equipment they use for their disabilities, their gender identity, or the gender of their partner. With approximately 18,000 employees across 50 countries speaking 77 languages, we recognize we serve our travelers, partners and communities best when we represent the diversity of our travelers and work as allies to create an inclusive culture both within Expedia Group and the travel industry our travelers navigate. To best serve our employees, travelers, partners, and community, we are focused on building workplaces that prioritize and value a sense of belonging, respect, and equal opportunity. Expedia Group’s 2020 Inclusion & Diversity Report 2 TM Table of Contents Learn how we are creating a sense of belonging with: Our Employees: How we recruit, retain, develop, and measure our increasingly diverse workforce. -
Members (As of 9/15/2021)
MEMBERS (AS OF 9/15/2021) 14 West/The Agora Companies Darden Restaurants 7-Eleven, Inc. Delta Airlines Aaron's, Inc. Dick’s Sporting Goods, Inc. ADT Security Digital River A E O, Inc. Dillard’s Inc. Ahold Delhaize USA Discount Tire Airlines Reporting Corporation (ARC) Dollar General Albertsons Companies, Inc. Dollar Tree Stores ALDI Domino’s Alon Brands, Inc. Ebay Amazon EG America AMC Entertainment Inc. Enterprise Holdings, Inc. American Airlines, Inc. Etsy Amway Corp. Expedia Group Apple Inc. ExxonMobil Aramark Fanatics AT&T Fareway Stores, Inc. AutoNation, Inc. Farmers Insurance AutoZone, Inc. Floor and Decor Outlets of America, Inc. Avis Budget Group Foot Locker, Inc. Barnes & Noble College Ford Motor Company Bealls Inc. Gap Inc. Best Buy Giant Eagle, Inc. Bloomin’ Brands GROWMARK, Inc. Boscov’s Department Store LLC H-E-B, LP. BP HMSHost Corporation Bridgestone/Credit First National Association Hobby Lobby Stores, Inc. Brinker International Inc. The Home Depot Carter's Retail, Inc. Hughes Network Systems, LLC CEFCO Convenience Stores Hyatt Shared Service Center Chanel, Inc. IKEA The Cheesecake Factory Inc. Insparx GmbH Chevron Products Co. Inspire Brands Chewy, Inc. InterContinental Hotels Group Chick-fil-A, Inc. Jaco Oil Company CHS Inc Kering Americas, Inc. Circle K Kohl's Department Stores, Inc CITGO Petroleum Corp The Kroger Co. CityBase, Inc. Kum & Go CommonSpirit Health Kwik Trip Inc. Compass Group L Brands Costco Wholesale Corporation Love's Travel Stops & Country Stores, Inc. Cox Enterprises, Inc Lowe's Companies, Inc. CVS Caremark LVMH Moet Hennessy Louis Vuitton Inc Macy's Southeastern Grocers, LLC Marathon Petroleum Company LP Southwest Airlines Company Maritz LLC Speedway LLC Maverik Inc. -
1 in the UNITED STATES DISTRICT COURT for the WESTERN DISTRICT of TEXAS WACO DIVISION EXPRESS MOBILE, INC. Plaintiff, V. EXPEDIA
Case 6:20-cv-00801-ADA Document 1 Filed 09/01/20 Page 1 of 122 IN THE UNITED STATES DISTRICT COURT FOR THE WESTERN DISTRICT OF TEXAS WACO DIVISION EXPRESS MOBILE, INC. ) Plaintiff, ) ) Civil Action No. 6:20-cv-00801 v. ) ) JURY TRIAL DEMANDED EXPEDIA GROUP, INC. ) ) Defendant. ) COMPLAINT Plaintiff Express Mobile, Inc. (“Express Mobile” or “Plaintiff”), by and through its undersigned counsel, brings this action for patent infringement against Defendant Expedia Group, Inc. (“Expedia” or “Defendant”) and alleges as follows: NATURE OF THE ACTION 1. This is a civil action arising under 35 U.S.C. § 271 for Expedia’s infringement of Express Mobile’s United States Patent Nos. 6,546,397 (“the ‘397 patent”), 7,594,168 (“the ‘168 patent”), 9,063,755 (“the ‘755 patent”), 9,471,287 (“the ‘287 patent”), and 9,928,044 (“the ‘044 patent”) (collectively the “Patents-In-Suit”). THE PARTIES 2. Plaintiff Express Mobile, Inc. is a Delaware corporation with a place of business at 38 Washington Street, Novato, CA 94947. 3. Upon information and belief, Defendant Expedia Group, Inc. is a Delaware corporation with physical locations in Austin, Houston, and Dallas, Texas from which it regularly conducts business related to this action. 1 Case 6:20-cv-00801-ADA Document 1 Filed 09/01/20 Page 2 of 122 4. Expedia is an online travel company providing business and leisure travelers with tools and services to research, plan, and book travel. Expedia conducts its business and provides its tools and services to consumers through a large portfolio of travel brands and businesses (collectively, the “Expedia Brands and Subsidiaries”). -
AIR Hackathon Took Place at Microsoft HQ in Seattle, USA
Seattle, February 2020 The 14th edition of IATA AIR Hackathon took place at Microsoft HQ in Seattle, USA. A total of 21 teams worked during 28 hours nonstop in order to build solutions to enhance booking experience for passengers travelling with mobility aids using NDC APIs and/or tracking of mobility aids (wheelchairs). APIs/Sources available at the event: IATA NDC, Microsoft, Medical Travel Companions, LinkedIn, Air France/KLM, FlightAware, Seattle Airport, Expedia Group and SITA Sponsors • Host Organization: Microsoft • Host Airlines: Delta Air Lines, Air France/KLM and Virgin Atlantic • Gold Sponsors: IBS Software, TIBCO Software, Boeing and Expedia Group • Supporting Organizations: Seattle-Tacoma International Airport, HackAcess Dublin, EqualWeb Digital Accessibility 1 Seattle, February 2020 Best Booking Solution (Corporate Prize) Team Name: AccessKey (https://britishairways.com) Challenge: Booking APIs/Data source used: IATA NDC Project Description: An independent stand-alone service that allows customers to create a personal profile of their assistance needs, within a unique access key. Once a customer has their key, they simply enter it when booking their trip with a participating airline of travel agent to ensure their requirements are added to the booking. Changing or updating the customer’s assistance requirements via their account will automatically update any bookings they have associated to their AccessKey. Team Members: John-Paul Henry, Harry Williams, Simon Kisner, John Casey 2 Seattle, February 2020 Best Wheelchair Tracking -
Tourism Companies and Animal Welfare
Athens Journal of Tourism - Volume 8, Issue 2, June 2021 – Pages 75-88 Tourism Companies and Animal Welfare By Peter Jones* & Daphne Comfort± Animals play an important role in a wide range of tourism activities, and animal welfare is an increasingly important issue within the tourist industry. While there is a growing volume of research on animal welfare within tourism, little work has been published in the academic literature on how tourism companies address animal welfare. This exploratory paper looks to add to, and extend, that literature by providing a review of how seven tourism companies. have publicly addressed animal welfare. The paper reveals that four themes: corporate commitment to animal welfare; policies on specific animals and on experiences and contacts with animals; the role of various stakeholders in the value chain in addressing animal welfare; and monitoring and audit processes, illustrated the companies approach to animal welfare. The authors also raise a number of wider issues and offers some suggestions for future research agendas. Keywords: animal welfare, animal welfare statements, tourism companies, stakeholders, auditing Introduction The screenshot of a western woman riding a horse at speed through a desert landscape is arguably the most striking features of an advertisement for tourism in Saudi Arabia which was shown on commercial television in the UK in 2021 (iSpot.tv. 2021). As such, the advertisement offered an exciting illustration of the role animals can play in a wide variety of tourism experiences. Fennel (2015a), for example, claimed ‘animals are used in so many different capacities to facilitate the needs of tourists and the tourism industry. -
US Vegan Climate
US Vegan Climate ETF Schedule of Investments April 30, 2021 (Unaudited) Shares Security Description Value COMMON STOCKS - 99.4% Administrative and Support and Waste Management and Remediation Services - 13.4% 1,675 Accenture plc - Class A $ 485,700 233 Allegion plc 31,311 107 Booking Holdings, Inc. (a) 263,870 293 Broadridge Financial Solutions, Inc. 46,479 317 Equifax, Inc. 72,666 352 Expedia Group, Inc. 62,033 70 Fair Isaac Corporation (a) 36,499 729 Fidelity National Financial, Inc. 33,257 214 FleetCor Technologies, Inc. (a) 61,572 782 Global Payments, Inc. 167,841 961 IHS Markit, Ltd. 103,384 5,607 Mastercard, Inc. - Class A 2,142,210 425 Moody's Corporation 138,852 212 MSCI, Inc. 102,983 3,091 PayPal Holdings, Inc. (a) 810,738 491 TransUnion 51,354 8,745 Visa, Inc. - Class A 2,042,482 6,653,231 Construction - 0.9% 890 DR Horton, Inc. 87,478 1,956 Johnson Controls International plc 121,937 705 Lennar Corporation - Class A 73,038 19 NVR, Inc. (a) 95,344 682 PulteGroup, Inc. 40,320 396 Sunrun, Inc. (a) 19,404 437,521 Finance and Insurance - 14.1% 1,735 Aflac, Inc. 93,222 40 Alleghany Corporation (a) 27,159 797 Allstate Corporation 101,060 969 Ally Financial, Inc. 49,855 1,588 American Express Company 243,520 2,276 American International Group, Inc. 110,272 314 Ameriprise Financial, Inc. 81,138 657 Anthem, Inc. 249,259 596 Aon plc - Class A 149,858 1,025 Arch Capital Group, Ltd. (a) 40,703 496 Arthur J. -
Price Response Functions and Spread Impact in Correlated Financial Markets
Price response functions and spread impact in correlated financial markets Juan C. Henao-Londono a, Sebastian M. Krause, and Thomas Guhr Fakult¨atf¨urPhysik, Universit¨atDuisburg-Essen, Lotharstraße 1, 47048 Duisburg, Germany Received: date / Revised version: date Abstract Recent research on the response of stock prices to trading activity revealed long lasting effects, even across stocks of different companies. These results imply non-Markovian effects in price formation and when trading many stocks at the same time, in particular trading costs and price correlations. How the price response is measured depends on data set and research focus. However, it is important to clarify, how the details of the price response definition modify the results. Here, we evaluate different price response implementations for the Trades and Quotes (TAQ) data set from the NASDAQ stock market and find that the results are qualitatively the same for two different definitions of time scale, but the response can vary by up to a factor of two. Further, we show the key importance of the order between trade signs and returns, displaying the changes in the signal strength. Moreover, we confirm the dominating contribution of immediate price response directly after a trade, as we find that delayed responses are suppressed. Finally, we test the impact of the spread in the price response, detecting that large spreads have stronger impact. PACS. 89.65.Gh Econophysics { 89.75.-k Complex systems { 05.10.Gg Statistical physics 1 Introduction by a decrease as the time lag grows. In Ref. [17], Gerig found that larger sized transactions have a larger absolute Financial markets use order books to list the number of impact than smaller sized transactions but a much smaller shares bid or asked at each price. -
Capstone Headwaters Outdoor Recreation & Enthusiasts M&A
OUTDOOR RECREATION & ENTHUSIASTS PANDEMIC A BOOM TO TACTICAL GOODS AND AT-HOME GAMING CONTACTS KEY HIGHLIGHTS Kenneth Wasik • Early in the pandemic, industry participants Managing Director, focused on internal operations to meet demand Head of Consumer & Retail • Public equity valuations have rebounded substantially following early COVID-19 headwinds Sophea Chau • Private equity buyers are searching for platform Managing Director, and add-on acquisitions in the sector Outdoor Recreation & Enthusiasts • Capstone expects M&A activity to increase in 2021 as the economy continues to open and consumer Peter Bailey confidence rises Director, Tactical & Sporting Technology October 2020 3 Outdoor Recreation & Enthusiasts Pandemic a Boom to Tactical Goods and At-Home Gaming TABLE OF CONTENTS INDUSTRY OUTLOOK Industry Outlook COVID-19 lockdowns and social distancing protocols have driven consumers COVID-19 Impacts to increasingly pursue recreation and leisure activities, contributing to heightened demand for outdoor, sporting goods, and tactical product M&A Overview manufacturers. Notably, bicycle sales have increased dramatically, rising 63% Notable Transactions year-over-year (YOY), amounting to $679 million, with mountain bikes and 1 Select Transactions road bike sales up 92% and 87% in June, respectively, according to NPD. The pandemic has also introduced a new wave of consumers into the Outdoor Public Company Spotlight Recreation & Enthusiasts industry as individuals seek new forms of outdoor Public Company Data and indoor entertainment