Expedia’s (EXPE) “Buy” Rating Reaffirmed at Barclays

Expedia (NASDAQ:EXPE)‘s stock had its “buy” rating reaffirmed by equities researchers at Barclays in a research note issued on Sunday. They presently have a $130.00 price objective on the online travel company’s stock. Barclays’ price target would indicate a potential upside of 25.00% from the stock’s current price.

EXPE has been the topic of a number of other reports. Cowen set a $135.00 price target on shares of Expedia and gave the stock a “buy” rating in a research report on Sunday, October 29th. Piper Jaffray Companies lifted their price target on shares of Expedia to $135.00 and gave the stock an “overweight” rating in a research report on Friday. Stifel Nicolaus reissued a “hold” rating and set a $112.00 price target (down from $140.00) on shares of Expedia in a research report on Friday. Oppenheimer reissued a “buy” rating on shares of Expedia in a research report on Wednesday, December 20th. Finally, Credit Suisse Group set a $132.00 price target on shares of Expedia and gave the stock a “buy” rating in a research report on Friday. Ten research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $150.62.

Shares of Expedia (NASDAQ EXPE) traded down $19.03 during midday trading on Friday, hitting $104.00. 16,671,887 shares of the stock were exchanged, compared to its average volume of 2,156,301. The company has a market capitalization of $15,834.21, a PE ratio of 43.88, a price-to-earnings-growth ratio of 1.41 and a beta of 0.89. Expedia has a 52 week low of $98.52 and a 52 week high of $161.00. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.60.

Expedia (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, February 8th. The online travel company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.31). The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.35 billion. Expedia had a return on equity of 9.75% and a net margin of 3.76%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.17 earnings per share. analysts forecast that Expedia will post 4.43 EPS for the current fiscal year.

In other Expedia news, Director Dara Khosrowshahi sold 150,000 shares of Expedia stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $125.00, for a total value of $18,750,000.00. Following the sale, the director now directly owns 522,348 shares in the company, valued at approximately $65,293,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lance A. Soliday sold 2,401 shares of Expedia stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $120.37, for a total transaction of $289,008.37. Following the completion of the sale, the insider now owns 5,744 shares in the company, valued at $691,405.28. The disclosure for this sale can be found here. 20.95% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of EXPE. Fuller & Thaler Asset Management Inc. acquired a new stake in Expedia in the 3rd quarter valued at $101,000. Dupont Capital Management Corp increased its stake in Expedia by 90.9% in the 4th quarter. Dupont Capital Management Corp now owns 1,046 shares of the online travel company’s stock valued at $125,000 after buying an additional 498 shares during the last quarter. Krilogy Financial LLC grew its position in shares of Expedia by 2,900.0% in the 3rd quarter. Krilogy Financial LLC now owns 900 shares of the online travel company’s stock valued at $130,000 after acquiring an additional 870 shares during the period. Palisade Capital Management LLC NJ bought a new position in shares of Expedia in the 3rd quarter valued at about $216,000. Finally, Hyman Charles D bought a new position in shares of Expedia in the 4th quarter valued at about $216,000. Hedge funds and other institutional investors own 83.05% of the company’s stock.

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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.

Analyst Recommendations for Expedia (NASDAQ:EXPE)

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