Macquarie downgraded shares of Expedia (NASDAQ:EXPE) from an outperform rating to a neutral rating in a report published on Thursday morning. The brokerage currently has $115.00 target price on the online travel company’s stock.
A number of other equities analysts have also recently commented on the company. Morgan Stanley raised Expedia from an equal weight rating to an overweight rating in a report on Wednesday, January 10th. SunTrust Banks raised their target price on Expedia to $180.00 and gave the stock a buy rating in a report on Friday, January 12th. They noted that the move was a valuation call. Zacks Investment Research raised Expedia from a hold rating to a buy rating and set a $148.00 target price on the stock in a report on Tuesday, January 16th. BidaskClub raised Expedia from a strong sell rating to a sell rating in a report on Friday, January 5th. Finally, Credit Suisse Group set a $132.00 target price on Expedia and gave the stock a buy rating in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, ten have given a hold rating and nineteen have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $147.37.
Expedia (NASDAQ EXPE) traded up $0.48 during midday trading on Thursday, hitting $112.93. The stock had a trading volume of 1,162,036 shares, compared to its average volume of 2,684,488. The company has a market cap of $17,199.53, a PE ratio of 47.60, a price-to-earnings-growth ratio of 1.95 and a beta of 1.05. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.70 and a quick ratio of 0.70. Expedia has a 12-month low of $98.52 and a 12-month high of $161.00.
Expedia (NASDAQ:EXPE) last announced its earnings results on Thursday, February 8th. The online travel company reported $0.84 EPS for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.31). Expedia had a return on equity of 9.66% and a net margin of 3.76%. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the prior year, the business posted $1.17 earnings per share. Expedia’s revenue for the quarter was up 10.8% compared to the same quarter last year. analysts expect that Expedia will post 3.76 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Thursday, March 8th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, March 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.06%. Expedia’s payout ratio is 50.63%.
In other news, insider Lance A. Soliday sold 2,401 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 5,744 shares in the company, valued at $691,405.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 20.95% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Douglas Lane & Associates LLC grew its stake in Expedia by 26.6% during the 4th quarter. Douglas Lane & Associates LLC now owns 313,239 shares of the online travel company’s stock valued at $37,517,000 after acquiring an additional 65,821 shares in the last quarter. Pinebridge Investments L.P. bought a new position in Expedia in the 3rd quarter valued at about $840,000. Penserra Capital Management LLC grew its position in Expedia by 103.2% in the 4th quarter. Penserra Capital Management LLC now owns 45,194 shares of the online travel company’s stock valued at $5,411,000 after buying an additional 22,957 shares in the last quarter. Boyd Watterson Asset Management LLC OH grew its position in Expedia by 23.3% in the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 10,279 shares of the online travel company’s stock valued at $1,231,000 after buying an additional 1,940 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its position in Expedia by 1,169.4% in the 3rd quarter. Teacher Retirement System of Texas now owns 42,487 shares of the online travel company’s stock valued at $6,116,000 after buying an additional 39,140 shares in the last quarter. Hedge funds and other institutional investors own 80.33% of the company’s stock.
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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