Expedia, Inc. (EXPE) Earns “Equal Weight” Rating from Morgan Stanley
Morgan Stanley reissued their equal weight rating on shares of Expedia, Inc. (NASDAQ:EXPE) in a report published on Tuesday morning. The firm currently has a $135.00 price target on the online travel company’s stock.
A number of other brokerages have also issued reports on EXPE. RBC Capital Markets reiterated an outperform rating and issued a $165.00 price objective on shares of Expedia in a report on Wednesday, November 2nd. Zacks Investment Research lowered shares of Expedia from a hold rating to a sell rating in a report on Tuesday, October 4th. Vetr upgraded shares of Expedia from a buy rating to a strong-buy rating and set a $134.00 price objective for the company in a report on Tuesday, November 15th. Cantor Fitzgerald reiterated an overweight rating on shares of Expedia in a report on Friday, December 23rd. Finally, CLSA began coverage on shares of Expedia in a report on Wednesday, December 7th. They set an outperform rating and a $145.00 price target for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $136.93.
Expedia (NASDAQ:EXPE) traded up 1.30% on Tuesday, hitting $119.54. 1,582,994 shares of the stock traded hands. Expedia has a 1-year low of $88.40 and a 1-year high of $133.55. The stock has a 50-day moving average price of $119.63 and a 200 day moving average price of $116.66. The company has a market cap of $17.93 billion, a price-to-earnings ratio of 95.02 and a beta of 0.72.
Expedia (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, October 27th. The online travel company reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. The business earned $2.58 billion during the quarter, compared to analyst estimates of $2.56 billion. Expedia had a net margin of 2.11% and a return on equity of 10.39%. The firm’s quarterly revenue was up 33.2% on a year-over-year basis. During the same quarter last year, the business earned $2.07 EPS. On average, analysts anticipate that Expedia will post $4.73 EPS for the current fiscal year.
In other news, CEO Dara Khosrowshahi sold 101,300 shares of the company’s stock in a transaction dated Thursday, November 3rd. The stock was sold at an average price of $125.03, for a total transaction of $12,665,539.00. Following the sale, the chief executive officer now directly owns 394,046 shares in the company, valued at $49,267,571.38. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Lance A. Soliday sold 1,982 shares of the company’s stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $116.62, for a total value of $231,140.84. Following the sale, the insider now owns 3,397 shares in the company, valued at $396,158.14. The disclosure for this sale can be found here. Insiders own 20.95% of the company’s stock.
Several large investors have recently made changes to their positions in EXPE. IBM Retirement Fund boosted its stake in shares of Expedia by 1.8% in the second quarter. IBM Retirement Fund now owns 14,151 shares of the online travel company’s stock valued at $1,570,000 after buying an additional 255 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of Expedia by 1.6% in the second quarter. LS Investment Advisors LLC now owns 3,590 shares of the online travel company’s stock valued at $382,000 after buying an additional 58 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in shares of Expedia by 1.2% in the second quarter. Checchi Capital Advisers LLC now owns 962 shares of the online travel company’s stock valued at $102,000 after buying an additional 11 shares in the last quarter. S&CO Inc. bought a new stake in shares of Expedia during the second quarter valued at $523,000. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Expedia by 39.8% in the second quarter. Daiwa Securities Group Inc. now owns 54,555 shares of the online travel company’s stock valued at $5,799,000 after buying an additional 15,530 shares in the last quarter. Hedge funds and other institutional investors own 84.08% of the company’s stock.
Expedia, Inc is an online travel company. The Company makes travel products and services available, on a standalone and package basis, provided by various lodging properties, airlines, car rental companies, destination service providers, cruise lines and other travel product and service companies. Its Core OTA segment provides a range of travel and advertising services, through a range of brands, including Expedia.com and Hotels.com in the United States and localized Expedia and Hotels.com Websites throughout the world, Orbitz.com, Expedia Affiliate Network, Hotwire.com, Travelocity, Venere, Wotif Group, CarRentals.com, and Classic Vacations.
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