Bank of America Corporation lowered shares of Expedia, Inc. (NASDAQ:EXPE) from a buy rating to a neutral rating in a research note issued to investors on Friday, October 27th, MarketBeat Ratings reports. The firm currently has $149.00 price objective on the online travel company’s stock.
Several other research firms have also weighed in on EXPE. Stifel Nicolaus reiterated a hold rating and set a $160.00 price objective on shares of Expedia in a research note on Thursday, September 7th. Cowen and Company reiterated a buy rating on shares of Expedia in a research note on Friday, July 28th. TheStreet upgraded shares of Expedia from a c+ rating to a b rating in a research note on Thursday, July 27th. Morgan Stanley reiterated an equal weight rating and set a $170.00 price objective (up previously from $135.00) on shares of Expedia in a research note on Tuesday, July 18th. Finally, KeyCorp reiterated a buy rating and set a $178.00 price objective on shares of Expedia in a research note on Tuesday, October 17th. Nine investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of $159.61.
Shares of Expedia (EXPE) traded up $3.42 during trading on Friday, hitting $120.74. 3,817,300 shares of the stock were exchanged, compared to its average volume of 2,048,408. The firm has a market cap of $17,890.60, a price-to-earnings ratio of 29.55, a PEG ratio of 1.83 and a beta of 0.90. 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 has a 1-year low of $111.88 and a 1-year high of $161.00.
Expedia (NASDAQ:EXPE) last issued its earnings results on Thursday, October 26th. The online travel company reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.61 by ($0.10). The company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.98 billion. Expedia had a net margin of 4.09% and a return on equity of 10.71%. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.41 EPS. equities analysts expect that Expedia will post 3.91 EPS for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Thursday, November 16th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 0.99%. Expedia’s payout ratio is 47.43%.
In other news, Vice Chairman Victor Kaufman sold 119,575 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $123.67, for a total transaction of $14,787,840.25. Following the transaction, the insider now owns 169,575 shares in the company, valued at approximately $20,971,340.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dara Khosrowshahi sold 72,383 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $123.04, for a total transaction of $8,906,004.32. Following the transaction, the director now owns 494,731 shares in the company, valued at approximately $60,871,702.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 204,458 shares of company stock valued at $25,573,970. Insiders own 20.95% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in EXPE. Fuller & Thaler Asset Management Inc. bought a new position in shares of Expedia during the 3rd quarter valued at $101,000. San Francisco Sentry Investment Group CA bought a new position in shares of Expedia during the 2nd quarter valued at $102,000. Fiduciary Trust Co. bought a new position in shares of Expedia during the 2nd quarter valued at $127,000. Sun Life Financial INC raised its holdings in shares of Expedia by 10,987.5% during the 2nd quarter. Sun Life Financial INC now owns 887 shares of the online travel company’s stock valued at $132,000 after purchasing an additional 879 shares in the last quarter. Finally, Dupont Capital Management Corp bought a new position in shares of Expedia during the 2nd quarter valued at $143,000. Institutional investors and hedge funds own 84.49% 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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