Benzinga  Mar 26  Comment 
In a report published Thursday, Oppenheimer analyst Manish Hemrajani initiated coverage on HomeAway, Inc. (NASDAQ: AWAY) with an Outperform rating and $37.00 price target. In the report, Oppenheimer noted, "As part of our expansion of Internet...
TheStreet.com  Mar 7  Comment 
NEW YORK (TheStreet) -- Airbnb hasn't been around for a full six years but it's already shaken the global hospitality industry, forcing longstanding incumbents to adapt or suffer. More than 30 million consumers have used Airbnb to find a...
Benzinga  Feb 25  Comment 
In a note published Wednesday morning, SunTrust Robinson Humphrey recapped HomeAway, Inc. (NASDAQ: AWAY)'s earnings. The company reported earnings that beat Wall Street estimates, revenues in line with forecasts, and guided revenues below...
Benzinga  Feb 25  Comment 
In a report published Wednesday, Credit Suisse analyst Stephen Ju commented that HomeAway, Inc. (NASDAQ: AWAY) reported a mixed fourth-quarter result. HomeAway reported fourth quarter revenue of $109.7 million (versus Ju's estimates of $110.4...
Motley Fool  Feb 25  Comment 
The stock barely moves in after-hours action as the vacation rentals specialist offers a mixed bag of financial data.
TheStreet.com  Feb 24  Comment 
NEW YORK (TheStreet) -- Shares of HomeAway Inc. are higher by 2.93% to $32.30 in after-hours trading on Tuesday, after the company reported its 2014 fourth quarter earnings results. The online marketplace for vacation property rentals said...
TheStreet.com  Feb 18  Comment 
 DELAFIELD, Wis. (Stockpickr) -- Professional traders running mutual funds and hedge funds don't just look at a stock's price moves; they also track big changes in volume activity. Often when above-average volume moves into an equity, it precedes...


HomeAway (NASDAQ:AWAY) is an online vacation rental company that provides a virtual market space where users can post their privately-owned homes for rent. The company has funished villas, resort homes, cabins, secondary vacation living spaces from all over the world with over 9.5 million unique viewers per month. The company's business model allows viewers to browse the website freely at no charge while the property managers and owners pay an annual listings fee. Additional tools and software add-ins are also available for a fee in order to facilitate postings and updates. [1]

Business Overview

For the full year 2010, KiOR posted $168M in revenue and $16.9M in net income. This was a 40% increase in revenue and 120% increase in net income as compared to the previous year.[2]

New Updates

The company's initial public offering of stock on the NASDAQ occurred on June 28, 2011. The company offered 8M shares each for $27 at the high end of the the $24-$27 initial price range. The offering raised only a total of $216M. The lead managers of the IPO were Morgan Stanley (MS), Deutsche Bank AG (DB), Goldman Sachs Group (GS) and J P Morgan Chase (JPM). [3]

Trends & Forces

Opportunity to Improve Inefficient Vacation Rental Market

The vacation rental market is a highly fractionated and inefficient market space with significant opportunity for online advertising. In the past, vacationers have not had very many consolidated locations to compare offers or explore new travel locations. Historically many property managers have also had issues being to maximize revenues by renting locations during low periods. These inherent market inefficiencies have largely been reduced with online marketing services similar to the ones that HomeAway provides. Similar to EBay (EBAY) and other e-commerce companies, the sellers rely on customer feedback ratings and reviews to develop credibility with potential renters. [4]

  1. HomeAway S-1/A 2011 SUMMARY "Overview" pg 1-2
  3. Renaissance Capital - IPO Home "HomeAway prices IPO at $27, at high end of the range" 28 June 2011
  4. HomeAway S-1/A 2011 PROSPECTUS SUMMARY "The Vacation Rental Industry" pg1-3
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