Credit Suisse Group restated their outperform rating on shares of Expedia, Inc. (NASDAQ:EXPE) in a research note released on Tuesday, The Fly reports. The brokerage currently has a $162.00 target price on the online travel company’s stock, up from their prior target price of $151.00. The analysts noted that the move was a valuation call.

A number of other research firms have also issued reports on EXPE. Zacks Investment Research raised shares of Expedia from a hold rating to a buy rating and set a $174.00 target price for the company in a research note on Friday, July 21st. Cantor Fitzgerald reissued a hold rating on shares of Expedia in a research note on Monday, June 26th. Oppenheimer Holdings, Inc. boosted their target price on shares of Expedia from $150.00 to $175.00 and gave the company an outperform rating in a research note on Wednesday, July 19th. Morgan Stanley reissued an equal weight rating and set a $170.00 target price (up from $135.00) on shares of Expedia in a research note on Tuesday, July 18th. Finally, Citigroup Inc. raised shares of Expedia from a neutral rating to a buy rating and reduced their target price for the company from $147.89 to $130.00 in a research note on Wednesday, June 28th. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and an average target price of $155.06.

Expedia (NASDAQ:EXPE) opened at 159.50 on Tuesday. The company’s 50-day moving average is $150.79 and its 200 day moving average is $134.84. The stock has a market capitalization of $24.08 billion, a PE ratio of 80.96 and a beta of 0.93. Expedia has a 12-month low of $105.62 and a 12-month high of $161.00.

Expedia (NASDAQ:EXPE) last posted its earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by $0.05. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. Expedia had a net margin of 3.49% and a return on equity of 11.37%. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 earnings per share. On average, analysts predict that Expedia will post $5.29 EPS for the current year.

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In related news, insider Lance A. Soliday sold 2,544 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $142.30, for a total transaction of $362,011.20. Following the transaction, the insider now directly owns 4,815 shares of the company’s stock, valued at $685,174.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan C. Athey sold 670 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $138.59, for a total transaction of $92,855.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,043 shares of company stock worth $5,330,777. 20.95% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Expedia by 3,458.6% in the first quarter. BlackRock Inc. now owns 7,832,689 shares of the online travel company’s stock worth $988,252,000 after buying an additional 7,612,585 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of Expedia by 1,118.9% in the first quarter. Neuberger Berman Group LLC now owns 1,805,829 shares of the online travel company’s stock worth $227,841,000 after buying an additional 1,657,678 shares during the last quarter. Jennison Associates LLC increased its position in shares of Expedia by 39.9% in the first quarter. Jennison Associates LLC now owns 3,397,821 shares of the online travel company’s stock worth $428,703,000 after buying an additional 968,772 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Expedia by 14.6% in the first quarter. Wellington Management Group LLP now owns 6,000,184 shares of the online travel company’s stock worth $757,042,000 after buying an additional 764,343 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Expedia by 30.4% in the first quarter. Ameriprise Financial Inc. now owns 2,312,604 shares of the online travel company’s stock worth $291,782,000 after buying an additional 539,205 shares during the last quarter. 80.96% of the stock is currently owned by hedge funds and other institutional investors.

About Expedia

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.

The Fly

Analyst Recommendations for Expedia (NASDAQ:EXPE)

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