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HomeAway.com, Inc.
Type
Subsidiary
Industry Travel
Founded February 2005; 12 years ago (2005-02)
Founders Brian Sharples
Carl Shepherd
Headquarters Austin, Texas, United States
Key people
John Kim (President)
Trent York (CFO)
Jeff Hurst (CCO)
Tina Weyand (CPO)
John J. Ostlund (CTO)
Steve Davis (CIO)
Jeff Mosler (CSO)
Services Vacation rentals
Revenue $446.8 million (2014)
Parent Expedia, Inc.
Website www.homeaway.com

HomeAway, Inc. is a vacation rental marketplace with more than 2,000,000 vacation rentals in 190 countries. It has operated through 50 websites in 23 languages. The company offers a comprehensive selection of rentals for families and groups to find accommodations such as cabins, condos, castles, villas, barns and farm houses. Founded in February 2005 and headquartered in Austin, the company became a publicly traded company in 2011. On November 4, 2015, Expedia, Inc. announced its intention to buy HomeAway. The acquisition was completed later that year on December 15.

HomeAway, Inc. was founded in 2004 as CEH Holdings. The company acquired several sites and consolidated them into a single vacation marketplace, launching HomeAway.com in June 2006.

The acquisitions that HomeAway has made include:

HomeAway moved into its new global headquarters in Austin, Texas on October 2, 2009; it was the first mixed-use project and the second company in Austin to achieve LEED Gold certification for Commercial Interior Design.

In 2009, Us Weekly magazine announced that HomeAway would reunite actors Chevy Chase and Beverly D’Angelo in a new short film and advertising campaign based on National Lampoon’s Vacation (a movie). The HomeAway ad represents the company’s first national advertising campaign. It debuted during the CBS television network broadcast of Super Bowl XLIV on February 7, 2010.

HomeAway raised a total of $405 million in venture-capital which was funded by venture capital firms Austin Ventures, Institutional Venture Partners, Redpoint Ventures, Technology Crossover Ventures and Trident Capital. Homeaway’s IPO stock closed at $40.21 on Nasdaq, up 48.9% from its IPO price of $27.

A summary of the company's financial information over the last four years:

A federal lawsuit accuses Austin-based vacation rental company HomeAway Inc. of engaging in “bait and switch tactics” after it rolled out new service fees for customers booking vacation rentals.

Those fees “range from 4 percent to 10 percent of the total price of the vacation rental,” according to the suit filed this week in U.S. District Court in Austin. The suit claims the new fees are substantially increasing prices paid by consumers and dramatically changing the business model HomeAway and its sister sites, such as VRBO, were built upon.

Before HomeAway introduced its new optional performance-based business model in 2013, homeowners paid subscription fees which averaged out to be $442 annually, to list their own property or display their vacation rentals on the company’s sites. To promote the vacation rentals, property owners and managers could purchase paid listings on one or more of the company's websites as a form of advertising to potential travelers. Paid listings appear in search results when travelers search for vacation rentals, based on their search criteria. The new performance-based model represented a second option for those wishing to list a home on HomeAway, who could still opt for the original annual subscription model.

In 2016, HomeAway introduced a controversial service fee paid by the traveler when booking through the HomeAway websites. The fee varies from 4 to 10 percent of the rental cost, and is capped at $499. The company claims the fee covers the cost of providing 24/7 customer support, enhanced site and mobile features for both owner and travelers, plus expanded marketing efforts to generate more exposure to global audiences.

Simultaneous with the service fee’s introduction, HomeAway instituted a Book with Confidence Guarantee for travelers who opt to book and pay through HomeAway.

Also in 2016, the company eliminated its tiered subscription model, whereby owners and property managers could pay for placement in search results, and instituted an annual subscription option to complement a pay-per-booking option that adds eight percent of the quoted total rental fee to the cost of each booking.

HomeAway also introduced a Professional Referral Network of 40 partner companies. The network’s members assist vacation rental owners in managing their listings, guest inquiries and reservations, and include Evolve Vacation Rental Network, Southern California Vacation Rentals and No Worries Vacation Rentals.

HomeAway announced in November 2006 its $160 million in financing to fund global expansion initiatives, including the acquisition of VRBO.com (Vacation Rentals by Owner). On November 11, 2008, HomeAway announced it had completed an additional $250 million equity capital raise. The investment was led by Technology Crossover Ventures (TCV) and with existing investors Austin Ventures, Institutional Venture Partners (IVP) and Redpoint Ventures. In 2010, the Wall Street Journal named HomeAway one of the top 10 venture funded companies.

HomeAway has had disputes over compliance with local lodging regulations, similar to competitor Airbnb. Both joined a lawsuit against the city of San Francisco, which was settled in May 2017 when the companies agreed to facilitate registration of all host listings with the city.

HomeAway is not currently accredited by the BBB (Better Business Bureau) and it has around 183 filed complaints and 97 reviews, with a total of 98% negative reviews.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q1 2016 2016-04-25 Future report Set alerts
Q4 2015 2016-02-24 Future report Set alerts
Q3 2015 2015-11-04 0.24 0.11
Q2 2015 2015-08-04 0.12 -0.03
Q1 2015 2015-04-23 0.11 -0.02
Q4 2014 2015-02-24 0.16 0.00
Q3 2014 2014-11-04 0.20 0.05
Q2 2014 2014-07-24 0.15 0.04
Q1 2014 2014-04-24 0.14 0.05
Q4 2013 2014-02-19 0.08 -0.02

Ratings

2015-11-09 Downgrade Pacific Crest Outperform to Sector Weight
2015-11-05 Upgrade Oppenheimer Market Perform to Outperform
2015-11-05 Downgrade William Blair Outperform to Market Perform
2015-11-05 Downgrade Raymond James Outperform to Market Perform
2015-11-05 Downgrade SunTrust Buy to Neutral $36.00 to $38.00
2015-11-05 Downgrade Deutsche Bank Buy to Hold $38.00
2015-11-05 Downgrade RBC Capital Outperform to Sector Perform $34.00 to $38.50
2015-11-05 Boost Price Target Pacific Crest Overweight $36.00 to $40.00
2015-11-05 Upgrade Oppenheimer Holdings Inc. Market Perform to Outperform
2015-11-05 Downgrade Raymond James Financial Inc. Outperform to Market Perform
2015-11-05 Downgrade SunTrust Banks Inc. Buy to Neutral $36.00 to $38.00
2015-11-05 Downgrade Deutsche Bank AG Buy to Hold $38.00
2015-11-05 Downgrade Royal Bank Of Canada Outperform to Sector Perform $34.00 to $38.50
2015-10-30 Reiterated Rating RBC Capital Buy $34.00
2015-10-26 Upgrade Cowen and Company Market Perform to Outperform $34.00 to $40.00
2015-10-21 Reiterated Rating Piper Jaffray Buy $39.00
2015-10-21 Reiterated Rating Piper Jaffray Cos. Buy $39.00
2015-10-14 Reiterated Rating Piper Jaffray Buy
2015-10-12 Initiated Coverage Oppenheimer Buy
2015-10-09 Reiterated Rating RBC Capital Buy $34.00
2015-10-04 Reiterated Rating Piper Jaffray Buy
2015-09-24 Reiterated Rating RBC Capital Buy $34.00
2015-09-09 Reiterated Rating William Blair Outperform
2015-08-12 Reiterated Rating Canaccord Genuity Hold $30.00
2015-08-11 Boost Price Target Janney Montgomery Scott Neutral $28.00 to $31.00
2015-08-06 Reiterated Rating SunTrust Buy $33.00 to $36.00
2015-08-05 Reiterated Rating Canaccord Genuity Hold $30.00
2015-08-05 Reiterated Rating Cowen and Company Hold $30.00 to $34.00
2015-08-05 Reiterated Rating Oppenheimer Buy $37.00
2015-07-31 Reiterated Rating RBC Capital Outperform $34.00
2015-07-21 Boost Price Target Oppenheimer Outperform $35.00 to $37.00
2015-06-25 Reiterated Rating RBC Capital Outperform $34.00
2015-06-24 Set Price Target Macquarie Buy $34.00
2015-06-22 Lower Price Target Piper Jaffray Overweight $25.50
2015-06-11 Initiated Coverage Stephens Overweight $40.00
2015-06-11 Reiterated Rating RBC Capital Outperform $34.00
2015-06-06 Reiterated Rating Piper Jaffray Overweight $39.00
2015-06-03 Reiterated Rating Pacific Crest Overweight $36.00
2015-05-19 Initiated Coverage Guggenheim Neutral
2015-05-13 Set Price Target Piper Jaffray Buy $12.00 to $39.00
2015-04-26 Reiterated Rating Canaccord Genuity Hold $30.00
2015-04-24 Set Price Target Credit Suisse Hold $31.00
2015-04-24 Downgrade Raymond James Strong-Buy to Outperform
2015-04-24 Set Price Target Credit Suisse Group AG Hold $31.00
2015-04-23 Reiterated Rating Deutsche Bank Buy $38.00
2015-04-22 Reiterated Rating RBC Capital Outperform $35.00 to $34.00
2015-03-31 Initiated Coverage Hilliard Lyons Buy $36.00
2015-03-25 Initiated Coverage Oppenheimer Positive to Outperform $37.00
2015-03-20 Reiterated Rating RBC Capital Outperform $35.00
2015-03-18 Set Price Target JPMorgan Chase & Co. Hold $35.00 to $34.00
2015-03-18 Reiterated Rating Deutsche Bank Buy $40.00
2015-02-25 Reiterated Rating RBC Capital Outperform $35.00
2015-02-25 Reiterated Rating Canaccord Genuity Hold $33.00
2015-02-25 Initiated Coverage Morgan Stanley Underweight $24.00
2015-02-25 Boost Price Target Deutsche Bank Buy $35.00 to $40.00
2015-02-25 Lower Price Target Barclays Overweight $47.00 to $38.00
2015-02-25 Lower Price Target Credit Suisse Neutral $33.00 to $32.00
2015-02-25 Lower Price Target Barclays PLC Overweight $47.00 to $38.00
2015-01-26 Initiated Coverage Janney Montgomery Scott Neutral
2015-01-23 Reiterated Rating Deutsche Bank Buy $39.00 to $35.00
2015-01-13 Initiated Coverage RBC Capital Outperform $35.00
2015-01-12 Boost Price Target Macquarie Neutral to Outperform $36.00
2014-12-17 Initiated Coverage Buckingham Research Neutral $32.00
2014-11-24 Initiated Coverage Credit Suisse Neutral $40.00
2014-11-06 Reiterated Rating Macquarie Neutral $39.00 to $35.00
2014-11-05 Reiterated Rating FBR & Co. Outperform $45.00 to $40.00
2014-11-05 Lower Price Target Canaccord Genuity In-Line to Hold $37.00 to $33.00
2014-11-05 Reiterated Rating Barclays Overweight $52.00 to $47.00
2014-11-05 Reiterated Rating Bank of America Neutral $38.00 to $37.00
2014-11-05 Reiterated Rating FBR & Co Outperform $45.00 to $40.00
2014-11-05 Reiterated Rating Bank of America Corp. Neutral $38.00 to $37.00
2014-10-30 Reiterated Rating Deutsche Bank Buy $40.00 to $39.00
2014-10-08 Initiated Coverage BMO Capital Markets Outperform $42.00
2014-09-24 Initiated Coverage SunTrust Buy $40.00
2014-08-13 Downgrade Stifel Nicolaus Buy to Hold $38.00
2014-07-25 Reiterated Rating Raymond James Strong-Buy $47.00 to $46.00
2014-07-25 Reiterated Rating Credit Suisse Neutral $45.00 to $40.00
2014-07-25 Reiterated Rating FBR & Co. Outperform $45.00
2014-07-08 Initiated Coverage Macquarie Neutral
2014-06-10 Downgrade JPMorgan Chase & Co. Overweight to Neutral $38.00
2014-06-10 Upgrade Bank of America Underperform to Neutral $32.00
2014-05-29 Downgrade JPMorgan Chase & Co. Overweight to Neutral $49.00 to $38.00
2014-05-16 Upgrade FBR & Co. Market Perform to Outperform $34.00 to $45.00
2014-05-08 Upgrade FBR & Co. Market Perform to Outperform $34.00 to $45.00
2014-04-30 Upgrade FBR & Co. Market Perform to Outperform $34.00 to $45.00
2014-04-25 Lower Price Target Canaccord Genuity Hold $43.00 to $41.00
2014-04-25 Reiterated Rating Stifel Nicolaus Buy $45.00
2014-04-22 Upgrade FBR Capital Mkt Perform to Outperform $34 to $45
2014-04-22 Lower Price Target Deutsche Bank Buy $50.00 to $43.00
2014-04-22 Upgrade FBR & Co. Market Perform to Outperform $34.00 to $45.00
2014-02-20 Reiterated Stifel Buy $43 to $51
2014-02-20 Boost Price Target Canaccord Genuity Hold $30.00 to $43.00
2014-02-20 Boost Price Target Raymond James $50.00 to $55.00
2014-02-20 Boost Price Target JPMorgan Chase & Co. $35.00 to $52.00
2014-02-20 Reiterated Rating Deutsche Bank Buy $43.00 to $50.00
2014-02-20 Boost Price Target Piper Jaffray Overweight $43.00 to $53.00
2014-02-20 Boost Price Target Stifel Nicolaus Buy $43.00 to $51.00
2014-01-13 Upgrade Barclays Equal Weight to Overweight $34.00 to $48.00
2014-01-09 Boost Price Target Pacific Crest Outperform $37.00 to $50.00
2013-12-18 Initiated Coverage Goldman Sachs Neutral $38.00
2013-12-13 Reiterated Rating Deutsche Bank Buy $43.00 to $42.00
2013-12-05 Reiterated FBR Capital Mkt Perform $30 to $34
2013-12-05 Boost Price Target FBR & Co. Market Perform $30.00 to $34.00
2013-11-07 Upgrade Monness Crespi & Hardt Sell to Neutral
2013-11-07 Reiterated FBR Capital Mkt Perform $29 to $30
2013-11-07 Boost Price Target Deutsche Bank Buy $36.00 to $42.00
2013-11-07 Boost Price Target Barclays Overweight $32.00 to $34.00
2013-11-07 Boost Price Target Cowen and Company Market Perform $31.00 to $35.00
2013-11-07 Boost Price Target Canaccord Genuity Hold $28.00 to $30.00
2013-11-07 Boost Price Target FBR & Co. Market Perform $29.00 to $30.00
2013-11-07 Upgrade Raymond James Outperform to Strong-Buy $36.00 to $40.00
2013-10-28 Initiated Coverage Cowen and Company Market Perform $31.00
2013-10-23 Initiated Coverage FBR & Co. Market Perform $29.00
2013-10-22 Initiated Coverage Credit Suisse Neutral $35.00
2013-09-26 Downgrade Morgan Stanley Overweight to Equal Weight $36.00
2013-06-03 Initiated Monness Crespi & Hardt Sell $24
2013-04-24 Reiterated Deutsche Bank Buy $38 to $36
2013-02-21 Reiterated Stifel Nicolaus Buy $31 to $33
2012-12-20 Upgrade Barclays Equal Weight to Overweight $25 to $27
2012-06-27 Upgrade Stifel Nicolaus Hold to Buy $26
2015-11-09 Downgrade Pacific Crest Outperform to Sector Weight
2015-11-05 Upgrade Oppenheimer Market Perform to Outperform
2015-11-05 Downgrade William Blair Outperform to Market Perform
2015-11-05 Downgrade Raymond James Outperform to Market Perform
2015-11-05 Downgrade SunTrust Buy to Neutral $36.00 to $38.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Bellm Brent Chief Operating Officer 0.10%  (90223) AWAY /
Buhrdorf Ross Chief Technology Officer 0.05%  (47249) AWAY /

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