BidaskClub upgraded shares of Expedia (NASDAQ:EXPE) from a strong sell rating to a sell rating in a research report released on Friday, January 5th.
A number of other equities research analysts have also weighed in on the company. Citigroup reissued a buy rating and issued a $170.00 target price (down previously from $180.00) on shares of Expedia in a research note on Friday, October 27th. Zacks Investment Research lowered Expedia from a hold rating to a sell rating in a research note on Monday, September 11th. Deutsche Bank reissued a buy rating and issued a $171.00 target price (down previously from $175.00) on shares of Expedia in a research note on Tuesday, October 24th. Bank of America raised Expedia from a neutral rating to a buy rating in a research note on Wednesday, January 3rd. Finally, Stifel Nicolaus restated a hold rating and set a $160.00 price target on shares of Expedia in a report on Thursday, September 7th. Eight research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $158.62.
Expedia (NASDAQ EXPE) traded up $0.65 during trading hours on Friday, reaching $131.76. The company had a trading volume of 1,518,025 shares, compared to its average volume of 1,710,000. The company has a market capitalization of $20,090.00, a price-to-earnings ratio of 52.08, a price-to-earnings-growth ratio of 1.80 and a beta of 0.89. Expedia has a 12 month low of $115.55 and a 12 month high of $161.00. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.60.
Expedia (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, October 26th. The online travel company reported $2.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.61 by ($0.10). Expedia had a return on equity of 10.71% and a net margin of 4.09%. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period last year, the firm earned $2.41 EPS. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. equities analysts predict that Expedia will post 3.91 earnings per share for the current year.
In other Expedia news, Vice Chairman Victor Kaufman sold 119,575 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $123.67, for a total value of $14,787,840.25. Following the completion of the sale, the insider now owns 169,575 shares of the company’s stock, valued at $20,971,340.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 sale, the insider now directly owns 5,744 shares of the company’s stock, valued at approximately $691,405.28. The disclosure for this sale can be found here. In the last three months, insiders sold 354,949 shares of company stock valued at $43,978,025. 20.95% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. First Allied Advisory Services Inc. raised its stake in shares of Expedia by 1.3% during the second quarter. First Allied Advisory Services Inc. now owns 2,763 shares of the online travel company’s stock valued at $412,000 after acquiring an additional 35 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Expedia by 0.8% during the second quarter. Nordea Investment Management AB now owns 4,996 shares of the online travel company’s stock valued at $744,000 after acquiring an additional 38 shares in the last quarter. Veritable L.P. raised its stake in shares of Expedia by 1.5% during the second quarter. Veritable L.P. now owns 4,497 shares of the online travel company’s stock valued at $670,000 after acquiring an additional 66 shares in the last quarter. Sentry Investment Management LLC raised its stake in shares of Expedia by 1.1% during the second quarter. Sentry Investment Management LLC now owns 7,502 shares of the online travel company’s stock valued at $1,117,000 after acquiring an additional 82 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Expedia by 1.0% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,032 shares of the online travel company’s stock valued at $1,345,000 after acquiring an additional 89 shares in the last quarter. 84.03% of the stock is owned by hedge funds and other institutional investors.
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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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