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Shares of online travel booking giant Expedia (EXPE - Free Report) fell more than 4.3% in morning trading Monday, shortly after new reports suggested that its longtime CEO, Dara Khosrowshahi, has been offered the vacant chief executive position at Uber.
According to TechCrunch, Uber’s board has reached the decision to offer Khosrowshahi the CEO job and will be officially announcing the move to employees soon.
Although Expedia is a dominant force in the online travel booking space, Khosrowshahi is almost certainly a less-recognizable name than Meg Whitman of HP (HPE - Free Report) and Jeff Immelt of (GE - Free Report) —two candidates rumored to be top choices for Uber.
Nevertheless, Khosrowshahi has been at the helm of Expedia, which was originally started as a subsidiary of Microsoft (MSFT), since its spinoff from IAC (IAC) in 2005. Since then, the company’s total revenues have jumped from just $2.1 billion to the massive $8.7 billion figure recorded last year.
Over the past decade, Expedia shares have returned more than 150%, significantly outpacing the S&P 500’s roughly 50% gain over that time. After a series of aggressive M&A deals, EXPE has really taken off and is up more than 31% year-to-date (also read: Uber Picks Dara Khosrowshahi: A Look At Expedia's Performance Under Its CEO).
Indeed, Khosrowshahi has helped Expedia scoop up HomeAway ($3.9 billion), Travelocity ($280 million), Orbitz ($1.6 billion), Wotif ($657 million), and Trivago ($564 million)—all in just the past four years.
As of right now, Expedia is a Zacks Rank #3 (Hold) and sports an “A” grade for Growth in our Style Scores system.
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
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Why Did Expedia (EXPE) Stock Fall Today?
Shares of online travel booking giant Expedia (EXPE - Free Report) fell more than 4.3% in morning trading Monday, shortly after new reports suggested that its longtime CEO, Dara Khosrowshahi, has been offered the vacant chief executive position at Uber.
According to TechCrunch, Uber’s board has reached the decision to offer Khosrowshahi the CEO job and will be officially announcing the move to employees soon.
Although Expedia is a dominant force in the online travel booking space, Khosrowshahi is almost certainly a less-recognizable name than Meg Whitman of HP (HPE - Free Report) and Jeff Immelt of (GE - Free Report) —two candidates rumored to be top choices for Uber.
Nevertheless, Khosrowshahi has been at the helm of Expedia, which was originally started as a subsidiary of Microsoft (MSFT), since its spinoff from IAC (IAC) in 2005. Since then, the company’s total revenues have jumped from just $2.1 billion to the massive $8.7 billion figure recorded last year.
Over the past decade, Expedia shares have returned more than 150%, significantly outpacing the S&P 500’s roughly 50% gain over that time. After a series of aggressive M&A deals, EXPE has really taken off and is up more than 31% year-to-date (also read: Uber Picks Dara Khosrowshahi: A Look At Expedia's Performance Under Its CEO).
Indeed, Khosrowshahi has helped Expedia scoop up HomeAway ($3.9 billion), Travelocity ($280 million), Orbitz ($1.6 billion), Wotif ($657 million), and Trivago ($564 million)—all in just the past four years.
As of right now, Expedia is a Zacks Rank #3 (Hold) and sports an “A” grade for Growth in our Style Scores system.
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>