Expedia Inc (NASDAQ:EXPE) has received an average recommendation of “Buy” from the thirty-two analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and twenty-one have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $143.94.
Several research firms have commented on EXPE. TheStreet downgraded Expedia from a “b” rating to a “c+” rating in a research report on Thursday, February 8th. Barclays reiterated a “buy” rating and issued a $130.00 target price on shares of Expedia in a research report on Sunday, February 11th. Piper Jaffray Companies increased their target price on Expedia to $135.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. Stifel Nicolaus reiterated a “hold” rating and issued a $112.00 target price (down from $140.00) on shares of Expedia in a research report on Friday, February 9th. Finally, Morgan Stanley dropped their target price on Expedia from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, February 9th.
In related news, insider Lance A. Soliday sold 2,401 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The stock was 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 of the company’s stock, valued at $691,405.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 20.88% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. New Mexico Educational Retirement Board grew its stake in Expedia by 3.5% during the fourth quarter. New Mexico Educational Retirement Board now owns 11,728 shares of the online travel company’s stock worth $1,405,000 after purchasing an additional 400 shares during the period. CIBC Asset Management Inc grew its stake in Expedia by 2.3% during the third quarter. CIBC Asset Management Inc now owns 18,940 shares of the online travel company’s stock worth $2,726,000 after purchasing an additional 430 shares during the period. Dupont Capital Management Corp grew its stake in Expedia by 90.9% during the fourth quarter. Dupont Capital Management Corp now owns 1,046 shares of the online travel company’s stock worth $125,000 after purchasing an additional 498 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in Expedia by 3.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 17,611 shares of the online travel company’s stock worth $2,535,000 after purchasing an additional 556 shares during the period. Finally, Prudential Financial Inc. grew its stake in Expedia by 0.3% during the third quarter. Prudential Financial Inc. now owns 169,986 shares of the online travel company’s stock worth $24,468,000 after purchasing an additional 570 shares during the period. 85.71% of the stock is owned by institutional investors and hedge funds.
Expedia (NASDAQ EXPE) traded down $2.91 during trading on Friday, reaching $103.71. The company’s stock had a trading volume of 2,497,773 shares, compared to its average volume of 2,748,974. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $15,960.00, a P/E ratio of 45.29, a PEG ratio of 1.90 and a beta of 0.89. Expedia has a 1 year low of $98.52 and a 1 year high of $161.00.
Expedia (NASDAQ:EXPE) last posted its earnings results on Thursday, February 8th. The online travel company reported $0.84 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.31). The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.35 billion. Expedia had a net margin of 3.76% and a return on equity of 9.66%. Expedia’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.17 earnings per share. equities research analysts forecast that Expedia will post 3.62 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Thursday, March 8th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, March 7th. This represents a $1.20 annualized dividend and a yield of 1.16%. Expedia’s dividend payout ratio is currently 52.40%.
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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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