Expedia, Inc. (NASDAQ:EXPE)‘s stock had its “buy” rating reaffirmed by analysts at Citigroup Inc. in a report released on Friday, October 27th. They currently have a $170.00 price objective on the online travel company’s stock, down from their previous price objective of $180.00. Citigroup Inc.’s price objective points to a potential upside of 40.80% from the company’s current price.
A number of other research analysts have also weighed in on the stock. Zacks Investment Research downgraded shares of Expedia from a “hold” rating to a “sell” rating in a report on Monday, September 11th. Cowen and Company restated a “buy” rating and set a $170.00 target price on shares of Expedia in a report on Sunday, August 27th. Deutsche Bank AG restated a “buy” rating and set a $175.00 target price (up from $158.00) on shares of Expedia in a report on Wednesday, July 26th. Morgan Stanley restated an “equal weight” rating and set a $170.00 target price (up from $135.00) on shares of Expedia in a report on Tuesday, July 18th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $190.00 price objective on shares of Expedia in a research report on Monday, August 28th. Nine investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $159.61.
Expedia (EXPE) opened at $120.74 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.60. The stock has a market cap of $18,412.13, a price-to-earnings ratio of 30.41, a PEG ratio of 1.88 and a beta of 0.90. Expedia has a one year low of $111.88 and a one 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 the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.98 billion. During the same period last year, the business posted $2.41 EPS. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. sell-side analysts forecast that Expedia will post 3.91 earnings per share for the current year.
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In related news, EVP Mark D. Okerstrom sold 12,500 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 71,248 shares in the company, valued at $10,716,411.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dara Khosrowshahi sold 72,383 shares of the company’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 transaction, the director now owns 494,731 shares in the company, valued at $60,871,702.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 204,458 shares of company stock valued at $25,573,970. 20.95% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the business. Merriman Wealth Management LLC boosted its stake in shares of Expedia by 1.4% during the second quarter. Merriman Wealth Management LLC now owns 2,139 shares of the online travel company’s stock worth $319,000 after buying an additional 29 shares during the period. Blair William & Co. IL lifted its position in shares of Expedia by 0.6% during the 2nd quarter. Blair William & Co. IL now owns 4,998 shares of the online travel company’s stock valued at $744,000 after acquiring an additional 30 shares during the period. First Allied Advisory Services Inc. increased its stake in shares of Expedia by 1.3% during the 2nd quarter. First Allied Advisory Services Inc. now owns 2,763 shares of the online travel company’s stock worth $412,000 after purchasing an additional 35 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Expedia by 0.8% during the 2nd quarter. Nordea Investment Management AB now owns 4,996 shares of the online travel company’s stock worth $744,000 after purchasing an additional 38 shares in the last quarter. Finally, First United Bank Trust increased its stake in shares of Expedia by 1.2% during the 2nd quarter. First United Bank Trust now owns 5,255 shares of the online travel company’s stock worth $783,000 after purchasing an additional 60 shares in the last quarter. 84.49% of the stock is currently owned by institutional investors.
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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