Expedia, Inc. (NASDAQ:EXPE)‘s stock had its “buy” rating reaffirmed by Citigroup Inc. in a research note issued to investors on Friday, October 27th. They presently have a $170.00 price target on the online travel company’s stock, down from their prior price target of $180.00. Citigroup Inc.’s price target would suggest a potential upside of 41.27% from the stock’s previous close.
A number of other analysts have also weighed in on EXPE. BidaskClub lowered shares of Expedia from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Bank of America Corporation restated a “buy” rating and set a $178.00 price target (down previously from $187.00) on shares of Expedia in a report on Tuesday, September 26th. Zacks Investment Research lowered shares of Expedia from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $180.00 price objective on shares of Expedia in a research note on Thursday, September 28th. Finally, UBS AG reiterated a “buy” rating and issued a $170.00 price objective (down previously from $178.00) on shares of Expedia in a research note on Friday, September 22nd. Nine equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $159.61.
Expedia (NASDAQ EXPE) traded down $0.40 on Friday, hitting $120.34. 446,707 shares of the stock traded hands, compared to its average volume of 2,048,408. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.72 and a quick ratio of 0.72. Expedia has a one year low of $111.88 and a one year high of $161.00. The company has a market cap of $18,382.91, a P/E ratio of 30.41, a P/E/G ratio of 1.88 and a beta of 0.90.
Expedia (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, October 26th. The online travel company reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the prior year, the company earned $2.41 EPS. Expedia’s quarterly revenue was up 14.9% on a year-over-year basis. sell-side analysts expect that Expedia will post 3.91 earnings per share for the current year.
In related news, EVP Mark D. Okerstrom sold 12,500 shares of the company’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $150.41, for a total value of $1,880,125.00. Following the sale, the executive vice president now directly owns 71,248 shares of the company’s stock, valued at $10,716,411.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Dara Khosrowshahi sold 72,383 shares of the business’s stock in a transaction on 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 completion of the sale, the director now directly owns 494,731 shares in the company, valued at $60,871,702.24. The disclosure for this sale can be found here. Insiders have sold 204,458 shares of company stock worth $25,573,970 over the last three months. Insiders own 20.88% of the company’s stock.
Large investors have recently made changes to their positions in the company. Swiss National Bank lifted its holdings in shares of Expedia by 2.9% during the second quarter. Swiss National Bank now owns 450,370 shares of the online travel company’s stock valued at $67,083,000 after purchasing an additional 12,700 shares in the last quarter. OZ Management LP purchased a new stake in Expedia during the second quarter valued at $1,892,000. Hartwell J M Limited Partnership increased its position in Expedia by 229.1% during the second quarter. Hartwell J M Limited Partnership now owns 28,975 shares of the online travel company’s stock valued at $4,316,000 after acquiring an additional 20,170 shares during the last quarter. Franklin Resources Inc. increased its position in Expedia by 14.9% during the second quarter. Franklin Resources Inc. now owns 663,900 shares of the online travel company’s stock valued at $98,888,000 after acquiring an additional 86,000 shares during the last quarter. Finally, Allen Investment Management LLC increased its position in Expedia by 23.2% during the second quarter. Allen Investment Management LLC now owns 53,638 shares of the online travel company’s stock valued at $7,989,000 after acquiring an additional 10,104 shares during the last quarter. 82.88% of the stock is currently owned by hedge funds and other institutional investors.
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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