Needham & Company LLC Reaffirms “Buy” Rating for Expedia, Inc. (EXPE)
Needham & Company LLC reissued their buy rating on shares of Expedia, Inc. (NASDAQ:EXPE) in a research note released on Thursday. They currently have a $180.00 price target on the online travel company’s stock.
Other analysts have also issued reports about the stock. TheStreet raised shares of Expedia from a c+ rating to a b rating in a research report on Thursday, July 27th. Cantor Fitzgerald reissued a buy rating and issued a $178.00 price objective on shares of Expedia in a research report on Wednesday, May 31st. BidaskClub lowered shares of Expedia from a strong-buy rating to a buy rating in a research report on Tuesday, July 25th. Argus initiated coverage on shares of Expedia in a research report on Wednesday, July 5th. They issued a buy rating and a $178.00 price objective on the stock. Finally, Zacks Investment Research raised shares of Expedia from a hold rating to a buy rating and set a $167.00 price objective on the stock in a research report on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Expedia has an average rating of Buy and an average target price of $163.26.
Shares of Expedia (NASDAQ EXPE) traded up 0.77% on Thursday, reaching $143.94. The company had a trading volume of 1,422,378 shares. The stock’s 50 day moving average is $146.32 and its 200 day moving average is $141.84. Expedia has a 52 week low of $108.50 and a 52 week high of $161.00. The firm has a market capitalization of $21.83 billion, a price-to-earnings ratio of 67.74 and a beta of 0.97.
Expedia (NASDAQ:EXPE) last posted its quarterly earnings data 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 return on equity of 10.98% and a net margin of 3.49%. The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same period last year, the company earned $0.83 earnings per share. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year. On average, equities analysts anticipate that Expedia will post $5.00 EPS for the current year.
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The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th were paid a dividend of $0.30 per share. This is an increase from Expedia’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Tuesday, August 22nd. Expedia’s payout ratio is presently 56.87%.
In other news, Vice Chairman Victor Kaufman sold 35,598 shares of Expedia stock in a transaction on Monday, August 7th. The shares were sold at an average price of $149.29, for a total transaction of $5,314,425.42. Following the completion of the sale, the insider now directly owns 167,673 shares in the company, valued at $25,031,902.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Dara Khosrowshahi sold 86,228 shares of Expedia stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $154.12, for a total transaction of $13,289,459.36. Following the sale, the chief executive officer now owns 518,576 shares of the company’s stock, valued at $79,922,933.12. The disclosure for this sale can be found here. Insiders have sold 146,826 shares of company stock valued at $22,359,010 over the last quarter. Insiders own 20.95% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Expedia by 3.7% during the second quarter. Vanguard Group Inc. now owns 12,045,217 shares of the online travel company’s stock worth $1,794,135,000 after buying an additional 428,656 shares during the period. BlackRock Inc. lifted its stake in shares of Expedia by 2.0% during the second quarter. BlackRock Inc. now owns 7,990,536 shares of the online travel company’s stock worth $1,190,191,000 after buying an additional 157,847 shares during the period. Wellington Management Group LLP lifted its stake in shares of Expedia by 14.6% during 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 lifted its stake in shares of Expedia by 17.6% during the second quarter. Jennison Associates LLC now owns 3,998,193 shares of the online travel company’s stock worth $595,531,000 after buying an additional 599,037 shares during the period. Finally, FMR LLC lifted its stake in shares of Expedia by 4.8% during the second quarter. FMR LLC now owns 2,481,274 shares of the online travel company’s stock worth $369,586,000 after buying an additional 112,581 shares during the period. Institutional investors and hedge funds own 84.37% 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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