Zacks Investment Research upgraded shares of Expedia (NASDAQ:EXPE) from a hold rating to a buy rating in a research note released on Tuesday morning. They currently have $148.00 price target on the online travel company’s stock.
According to Zacks, “Expedia’s Merchant, Agency, Advertising & Media and Home Away businesses are doing well. It is one of the leading online travel companies in the world. However, we think that the increased investments in the business, increasing competition across geographic regions and discounts offered by larger chain hotels can make margin expansion difficult. The company’s third-quarter 2017 results were adversely impacted by hurricanes that hit in the late August and continued through mid-September. In past 12 months, the stock has underperformed the industry it belongs to.”
Several other brokerages also recently issued reports on EXPE. Deutsche Bank reissued a buy rating and set a $171.00 price target (down previously from $175.00) on shares of Expedia in a report on Tuesday, October 24th. SunTrust Banks reissued a buy rating and set a $190.00 price target on shares of Expedia in a report on Monday, October 23rd. KeyCorp reissued a buy rating and set a $178.00 price target on shares of Expedia in a report on Tuesday, October 17th. Barclays reduced their price target on shares of Expedia from $170.00 to $155.00 and set an overweight rating for the company in a report on Friday, October 27th. Finally, Citigroup reissued a buy rating and set a $170.00 price target (down previously from $180.00) on shares of Expedia in a report on Friday, October 27th. Eight equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Expedia currently has an average rating of Buy and an average price target of $158.62.
Shares of Expedia (NASDAQ:EXPE) traded down $0.62 on Tuesday, hitting $126.27. 2,296,606 shares of the stock traded hands, compared to its average volume of 1,920,000. Expedia has a 52 week low of $115.55 and a 52 week high of $161.00. The firm has a market capitalization of $19,160.00, a P/E ratio of 49.91, a price-to-earnings-growth ratio of 1.74 and a beta of 0.89. 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 (NASDAQ:EXPE) last announced its quarterly 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 firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period last year, the firm posted $2.41 EPS. The business’s revenue was up 14.9% compared to the same quarter last year. equities analysts expect that Expedia will post 3.91 EPS for the current fiscal year.
In other Expedia news, insider Lance A. Soliday sold 2,401 shares of the business’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $120.37, for a total value of $289,008.37. Following the sale, the insider now directly 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 through this hyperlink. Also, Director Dara Khosrowshahi sold 72,383 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $123.04, for a total transaction of $8,906,004.32. Following the completion of the sale, 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. Over the last quarter, insiders sold 354,949 shares of company stock worth $43,978,025. 20.95% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of the business. First Allied Advisory Services Inc. raised its position in Expedia by 1.3% in the second quarter. First Allied Advisory Services Inc. now owns 2,763 shares of the online travel company’s stock worth $412,000 after acquiring an additional 35 shares in the last quarter. Nordea Investment Management AB raised its position in Expedia by 0.8% in the second quarter. Nordea Investment Management AB now owns 4,996 shares of the online travel company’s stock worth $744,000 after acquiring an additional 38 shares in the last quarter. Veritable L.P. raised its position in Expedia by 1.5% in the second quarter. Veritable L.P. now owns 4,497 shares of the online travel company’s stock worth $670,000 after acquiring an additional 66 shares in the last quarter. Sentry Investment Management LLC raised its position in Expedia by 1.1% in the second quarter. Sentry Investment Management LLC now owns 7,502 shares of the online travel company’s stock worth $1,117,000 after acquiring an additional 82 shares in the last quarter. Finally, Linscomb & Williams Inc. raised its position in Expedia by 9.1% in the second quarter. Linscomb & Williams Inc. now owns 1,893 shares of the online travel company’s stock worth $282,000 after acquiring an additional 158 shares in the last quarter. Hedge funds and other institutional investors own 84.12% of the company’s stock.
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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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