Expedia’s (EXPE) Neutral Rating Reiterated at MKM Partners
MKM Partners reaffirmed their neutral rating on shares of Expedia (NASDAQ:EXPE) in a report issued on Thursday morning, MarketBeat.com reports. MKM Partners currently has a $145.00 price objective on the online travel company’s stock, down from their prior price objective of $170.00.
A number of other research firms have also recently weighed in on EXPE. SunTrust Banks reissued a buy rating and set a $190.00 target price on shares of Expedia in a report on Monday, October 23rd. Deutsche Bank reissued a buy rating and set a $171.00 target price (down previously from $175.00) on shares of Expedia in a report on Tuesday, October 24th. BidaskClub raised Expedia from a hold rating to a buy rating in a report on Friday, August 25th. Jefferies Group raised Expedia from a hold rating to a buy rating and upped their price target for the company from $140.00 to $180.00 in a report on Thursday, August 24th. Finally, Cowen reaffirmed a buy rating and issued a $170.00 price target on shares of Expedia in a report on Sunday, August 27th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $159.44.
Expedia (EXPE) opened at $117.54 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.60. Expedia has a 52 week low of $111.88 and a 52 week high of $161.00. The company has a market capitalization of $17,895.70, a P/E ratio of 29.61, a price-to-earnings-growth ratio of 1.83 and a beta of 0.89.
Expedia (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, October 26th. The online travel company reported $2.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.61 by ($0.10). The business 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 business’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period last year, the firm posted $2.41 EPS. equities research analysts predict that Expedia will post 3.91 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 7th. Investors of record on Thursday, November 16th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend was Wednesday, November 15th. Expedia’s dividend payout ratio is presently 47.43%.
In other Expedia news, Vice Chairman Victor Kaufman sold 119,575 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $123.67, for a total transaction of $14,787,840.25. Following the completion of the transaction, the insider now owns 169,575 shares of the company’s stock, valued at approximately $20,971,340.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dara Khosrowshahi sold 10,590 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $117.58, for a total transaction of $1,245,172.20. Following the transaction, the director now directly owns 422,348 shares of the company’s stock, valued at approximately $49,659,677.84. The disclosure for this sale can be found here. Insiders sold 352,548 shares of company stock valued at $43,689,017 over the last quarter. 20.95% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Burgundy Asset Management Ltd. increased its stake in Expedia by 3.9% in the third quarter. Burgundy Asset Management Ltd. now owns 292,996 shares of the online travel company’s stock valued at $42,174,000 after acquiring an additional 10,929 shares during the period. IFM Investors Pty Ltd bought a new stake in Expedia in the third quarter valued at about $486,000. Sterling Capital Management LLC increased its stake in Expedia by 25.5% in the third quarter. Sterling Capital Management LLC now owns 30,570 shares of the online travel company’s stock valued at $4,400,000 after acquiring an additional 6,215 shares during the period. Colony Group LLC increased its stake in Expedia by 30.4% in the third quarter. Colony Group LLC now owns 34,287 shares of the online travel company’s stock valued at $4,935,000 after acquiring an additional 7,993 shares during the period. Finally, Argent Capital Management LLC bought a new stake in Expedia in the third quarter valued at about $33,603,000. 84.20% of the stock is owned by institutional investors and hedge funds.
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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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