BidaskClub Upgrades Expedia (NASDAQ:EXPE) to Sell

BidaskClub upgraded shares of Expedia (NASDAQ:EXPE) from a strong sell rating to a sell rating in a research note released on Friday, January 5th.

Several other analysts have also commented on the company. Stifel Nicolaus reissued a hold rating and issued a $160.00 price objective on shares of Expedia in a report on Thursday, September 7th. Argus lowered Expedia from a buy rating to a hold rating and set a $178.00 price objective on the stock. in a report on Tuesday, December 5th. KeyCorp reaffirmed a buy rating and issued a $178.00 price target on shares of Expedia in a research note on Tuesday, October 17th. UBS Group reaffirmed a buy rating and issued a $154.00 price target (down from $170.00) on shares of Expedia in a research note on Friday, October 27th. Finally, Bank of America raised Expedia from a neutral rating to a buy rating in a research note on Wednesday, January 3rd. Nine equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. Expedia currently has an average rating of Buy and a consensus target price of $159.18.

Expedia (NASDAQ EXPE) traded up $2.95 during trading on Friday, reaching $132.36. The company’s stock had a trading volume of 2,250,000 shares, compared to its average volume of 1,870,000. Expedia has a 52 week low of $115.55 and a 52 week high of $161.00. The stock has a market capitalization of $20,180.00, a PE ratio of 52.32, a PEG ratio of 1.77 and a beta of 0.89. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.72 and a current ratio of 0.72.

Expedia (NASDAQ:EXPE) last announced its quarterly earnings data 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). The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Expedia had a return on equity of 10.71% and a net margin of 4.09%. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.41 earnings per share. equities research analysts predict that Expedia will post 3.91 EPS for the current fiscal year.

In other news, Director Dara Khosrowshahi sold 150,000 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $125.00, for a total transaction of $18,750,000.00. Following the completion of the transaction, the director now directly owns 522,348 shares of the company’s stock, valued at approximately $65,293,500. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Lance A. Soliday sold 2,401 shares of the stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $120.37, for a total value of $289,008.37. Following the transaction, the insider now directly owns 5,744 shares of the company’s stock, valued at $691,405.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 354,949 shares of company stock valued at $43,978,025. 20.95% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXPE. Balyasny Asset Management LLC purchased a new position in Expedia in the 2nd quarter valued at approximately $107,942,000. Fred Alger Management Inc. purchased a new position in Expedia in the 2nd quarter valued at approximately $86,569,000. Artisan Partners Limited Partnership increased its stake in Expedia by 61.9% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,437,446 shares of the online travel company’s stock valued at $214,108,000 after purchasing an additional 549,366 shares in the last quarter. Vanguard Group Inc. increased its stake in Expedia by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 12,045,217 shares of the online travel company’s stock valued at $1,794,135,000 after purchasing an additional 428,656 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Expedia by 22.0% in the 3rd quarter. American Century Companies Inc. now owns 2,031,943 shares of the online travel company’s stock valued at $292,478,000 after purchasing an additional 365,857 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

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About Expedia

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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