TechCrunch  Jan 20  Comment 
 Pillow thinks it can help hosts address common issues, while also standardizing the experience for guests. To do so, the company has raised $2.65 million in funding. Currently available in San Francisco, Los Angeles, and Napa, Pillow seeks to...
Benzinga  Jan 5  Comment 
HomeAway, Inc. (NASDAQ: AWAY) shares touched a new 52-week low of $27.46. HomeAway's trailing-twelve-month ROE is 1.42%. SodaStream International Ltd. (NASDAQ: SODA) shares reached a new 52-week low of $19.32. SodaStream shares have dropped...
Benzinga  Dec 31  Comment 
On CNBC's Fast Money, Tim Seymour said that he likes growth and valuation of Google Inc (NASDAQ: GOOGL) (NASDAQ: GOOG). Jon Najarian noticed unusual options activity in HomeAway, Inc. (NASDAQ: AWAY). He is a buyer of the stock. Paul Hickey...
Benzinga  Dec 1  Comment 
Buckingham Research Group Equity Research Director Brian McGill told Benzinga that he wouldn't be a surprise if Expedia Inc (NASDAQ: EXPE) acquired HomeAway, Inc. (NASDAQ: AWAY). “It's speculation, but it's speculation that would make...
Benzinga  Dec 1  Comment 
Shares of HomeAway, Inc. (NASDAQ: AWAY) spiked mid-day on Monday following a rumor that dealReporter indicated the company may be acquired by Expedia Inc (NASDAQ: EXPE). The price movement appears to have started amid tweets such...
Benzinga  Nov 24  Comment 
In a note date November 21, Credit Suisse analyst Stephen Ju assumed coverage of HomeAway, Inc. (NASDAQ: AWAY) by maintaining Neutral rating and $40 price target. Ju has assumed coverage of HomeAway due to the departure of the primary analyst....
Benzinga  Nov 24  Comment 
Credit Suisse released notes for online travel companies Friday after an analyst departure. Below are highlights from analysts led by Stephen Ju along with current ratings and price targets. Expedia Inc (NASDAQ: EXPE) - Neutral, $87 price...


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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