Expedia, Inc. (EXPE) Upgraded to B by TheStreet
A number of other equities research analysts also recently weighed in on EXPE. Piper Jaffray Companies reiterated a buy rating and issued a $144.00 price target on shares of Expedia in a report on Wednesday, March 29th. Jefferies Group LLC reiterated a hold rating and issued a $135.00 price target on shares of Expedia in a report on Wednesday, March 29th. Barclays PLC reiterated an overweight rating and issued a $140.00 price target on shares of Expedia in a report on Monday, April 3rd. Credit Suisse Group reiterated a buy rating and issued a $147.00 price target on shares of Expedia in a report on Wednesday, April 5th. Finally, Vetr downgraded Expedia from a buy rating to a hold rating and set a $138.67 price target for the company. in a report on Monday, April 24th. Six analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Expedia has a consensus rating of Buy and a consensus price target of $159.03.
Expedia (EXPE) opened at 159.50 on Thursday. Expedia has a 52 week low of $105.62 and a 52 week high of $161.00. The firm has a 50-day moving average of $150.79 and a 200 day moving average of $134.84. The stock has a market capitalization of $24.20 billion, a price-to-earnings ratio of 75.06 and a beta of 0.93.
Expedia (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by $0.05. Expedia had a net margin of 3.49% and a return on equity of 11.37%. The firm had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter last year, the firm posted $0.83 earnings per share. Expedia’s revenue was up 17.8% compared to the same quarter last year. On average, analysts anticipate that Expedia will post $5.29 EPS for the current year.
In other news, Director Susan C. Athey sold 670 shares of the business’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $138.59, for a total transaction of $92,855.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Robert J. Dzielak sold 31,829 shares of the business’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $140.00, for a total value of $4,456,060.00. Following the sale, the executive vice president now directly owns 33,606 shares in the company, valued at $4,704,840. The disclosure for this sale can be found here. Insiders have sold 38,043 shares of company stock worth $5,330,777 over the last ninety days. 20.95% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in EXPE. Vanguard Group Inc. raised its stake in shares of Expedia by 3.0% in the first quarter. Vanguard Group Inc. now owns 11,616,561 shares of the online travel company’s stock worth $1,465,661,000 after buying an additional 342,485 shares during the period. BlackRock Inc. raised its stake 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 period. Wellington Management Group LLP raised its stake 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 period. Jennison Associates LLC raised its stake 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 period. Finally, Ameriprise Financial Inc. raised its stake 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 period. 80.96% of the stock is currently owned by institutional investors.
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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