Expedia (EXPE) Upgraded to Sell at BidaskClub
BidaskClub upgraded shares of Expedia (NASDAQ:EXPE) from a strong sell rating to a sell rating in a research report sent to investors on Friday morning.
A number of other research firms also recently commented on EXPE. Deutsche Bank restated a buy rating and issued a $171.00 target price (down previously from $175.00) on shares of Expedia in a research report on Tuesday, October 24th. SunTrust Banks reiterated a buy rating and issued a $190.00 price objective on shares of Expedia in a report on Monday, October 23rd. KeyCorp reiterated a buy rating and issued a $178.00 price objective on shares of Expedia in a report on Tuesday, October 17th. Bank of America downgraded Expedia from a buy rating to a neutral rating and set a $149.00 price objective on the stock. in a report on Friday, October 27th. Finally, UBS Group reiterated a buy rating and issued a $154.00 price objective (down previously from $170.00) on shares of Expedia in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Buy and a consensus target price of $159.50.
Expedia (NASDAQ EXPE) traded down $0.58 during trading hours on Friday, reaching $127.63. The company’s stock had a trading volume of 397,466 shares, compared to its average volume of 1,928,280. Expedia has a 12 month low of $115.55 and a 12 month high of $161.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $19,470.00, a P/E ratio of 50.45, a P/E/G ratio of 1.74 and a beta of 0.89.
Expedia (NASDAQ:EXPE) last posted its earnings results on Thursday, October 26th. The online travel company reported $2.51 EPS for the quarter, missing the Zacks’ consensus estimate of $2.61 by ($0.10). Expedia had a net margin of 4.09% and a return on equity of 10.71%. The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the prior year, the firm earned $2.41 EPS. Expedia’s revenue for the quarter was up 14.9% compared to the same quarter last year. equities analysts expect that Expedia will post 3.91 EPS for the current year.
In other Expedia news, insider Lance A. Soliday sold 2,401 shares of the company’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $120.37, for a total transaction of $289,008.37. Following the sale, the insider now owns 5,744 shares in the company, valued at approximately $691,405.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Dara Khosrowshahi sold 72,383 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $123.04, for a total value of $8,906,004.32. Following the sale, the director now owns 494,731 shares in the company, valued at approximately $60,871,702.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 354,949 shares of company stock worth $43,978,025. 20.88% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of EXPE. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Expedia during the 3rd quarter worth about $101,000. San Francisco Sentry Investment Group CA acquired a new position in shares of Expedia during the 2nd quarter worth about $102,000. Fiduciary Trust Co. acquired a new position in shares of Expedia during the 2nd quarter worth about $127,000. Krilogy Financial LLC boosted its position in shares of Expedia by 2,900.0% during the 3rd quarter. Krilogy Financial LLC now owns 900 shares of the online travel company’s stock worth $130,000 after acquiring an additional 870 shares in the last quarter. Finally, Sun Life Financial INC boosted its position in shares of Expedia by 10,987.5% during the 2nd quarter. Sun Life Financial INC now owns 887 shares of the online travel company’s stock worth $132,000 after acquiring an additional 879 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.
Expedia Company Profile
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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