BidaskClub Upgrades Expedia (EXPE) to “Hold”
Expedia (NASDAQ:EXPE) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Saturday.
EXPE has been the subject of a number of other reports. Credit Suisse Group set a $147.00 price objective on Expedia and gave the company a “hold” rating in a research note on Friday, October 27th. UBS Group reiterated a “buy” rating and set a $154.00 price objective (down from $170.00) on shares of Expedia in a research note on Friday, October 27th. Deutsche Bank reiterated a “buy” rating and set a $171.00 price objective (down from $175.00) on shares of Expedia in a research note on Tuesday, October 24th. Cowen set a $158.00 price objective on Expedia and gave the company a “buy” rating in a research note on Thursday, October 12th. Finally, SunTrust Banks reiterated a “buy” rating and set a $190.00 price objective on shares of Expedia in a research note on Monday, October 23rd. Nine investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $159.18.
Expedia (NASDAQ EXPE) traded up $2.95 during trading on Friday, hitting $132.36. The company’s stock had a trading volume of 2,245,400 shares, compared to its average volume of 1,876,389. The company has a market cap of $20,180.00, a P/E ratio of 52.32, a P/E/G ratio of 1.81 and a beta of 0.89. Expedia has a 1-year low of $115.55 and a 1-year high of $161.00. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.60.
Expedia (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, October 26th. The online travel company reported $2.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.61 by ($0.10). The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.98 billion. Expedia had a net margin of 4.09% and a return on equity of 10.71%. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.41 earnings per share. equities research analysts forecast that Expedia will post 3.91 EPS for the current fiscal year.
In related news, insider Lance A. Soliday sold 2,401 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $120.37, for a total value of $289,008.37. Following the transaction, the insider now directly owns 5,744 shares of the company’s stock, valued at approximately $691,405.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Dara Khosrowshahi sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $125.00, for a total value of $18,750,000.00. Following the completion of the transaction, the director now directly owns 522,348 shares in the company, valued at $65,293,500. The disclosure for this sale can be found here. Over the last three months, insiders sold 354,949 shares of company stock worth $43,978,025. 20.88% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of EXPE. Boyd Watterson Asset Management LLC OH raised its holdings in shares of Expedia by 23.3% during the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 10,279 shares of the online travel company’s stock worth $1,231,000 after acquiring an additional 1,940 shares in the last quarter. DnB Asset Management AS raised its holdings in shares of Expedia by 29.1% during the 4th quarter. DnB Asset Management AS now owns 16,879 shares of the online travel company’s stock worth $2,022,000 after acquiring an additional 3,800 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of Expedia by 10.7% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 255,708 shares of the online travel company’s stock worth $36,807,000 after acquiring an additional 24,754 shares in the last quarter. Burgundy Asset Management Ltd. raised its holdings in shares of Expedia by 3.9% during the 3rd quarter. Burgundy Asset Management Ltd. now owns 292,996 shares of the online travel company’s stock worth $42,174,000 after acquiring an additional 10,929 shares in the last quarter. Finally, IFM Investors Pty Ltd purchased a new stake in shares of Expedia during the 3rd quarter worth approximately $486,000. 84.12% of the stock is currently owned by institutional investors.
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Expedia, Inc is an online travel company. The Company operates through four segments: Core Online Travel Agencies (Core OTA), trivago, Egencia and HomeAway. The Company’s Core OTA segment provides a range of travel and advertising services to its customers across the world, 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, Wotif Group, CarRentals.com and Classic Vacations.
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