Shares Of Expedia Lower As FBR Analyst Warns Q4 U.S. Bookings Consensus May Be Too High

Shares of

were trading lower by 1.5 percent on Tuesday following cautious comments made by Jake Fuller of FBR & Co. Expedia realized healthy trends through November but December's tougher comp implies expectations for fourth quarter domestic growth in the high 20 percent range “could be a stretch,” according to Fuller. The analyst adds that December's comps includes the integration of Travelocity in 2013 which may lead to a deceleration in domestic unique hotel bookers and airline ticket volume. Fuller states that he remains “comfortable” with a fourth quarter global bookings growth estimate of 23 percent. Shares are Outperform rated with a $100 price target.