Benchmark downgraded shares of Expedia (NASDAQ:EXPE) from a buy rating to a hold rating in a report published on Friday morning, MarketBeat.com reports.
A number of other research firms have also recently weighed in on EXPE. BidaskClub cut Expedia from a sell rating to a strong sell rating in a report on Saturday, December 2nd. Argus cut Expedia from a buy rating to a hold rating and set a $178.00 target price on the stock. in a report on Tuesday, December 5th. SunTrust Banks increased their target price on Expedia to $180.00 and gave the company a buy rating in a report on Friday, January 12th. They noted that the move was a valuation call. KeyCorp reiterated a buy rating and set a $178.00 target price on shares of Expedia in a report on Tuesday, October 17th. Finally, UBS Group reiterated a buy rating and set a $154.00 target price (down previously from $170.00) on shares of Expedia in a report on Friday, October 27th. Ten research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Expedia presently has an average rating of Buy and an average price target of $150.15.
Shares of Expedia (NASDAQ:EXPE) opened at $102.82 on Friday. The firm has a market capitalization of $15,680.00, a P/E ratio of 43.20, a P/E/G ratio of 1.41 and a beta of 0.89. The company has a quick ratio of 0.72, a current ratio of 0.70 and a debt-to-equity ratio of 0.61. Expedia has a fifty-two week low of $98.52 and a fifty-two week high of $161.00.
Expedia (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, February 8th. The online travel company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.31). The firm had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.35 billion. Expedia had a return on equity of 9.66% and a net margin of 3.76%. The business’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 EPS. analysts expect that Expedia will post 4.43 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Thursday, March 8th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.17%. Expedia’s dividend payout ratio is presently 50.42%.
In other Expedia news, Director Dara Khosrowshahi sold 150,000 shares of the stock in a transaction 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 transaction, the director now owns 522,348 shares of the company’s stock, valued at approximately $65,293,500. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Lance A. Soliday sold 2,401 shares of the stock in a transaction 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 in the company, valued at approximately $691,405.28. The disclosure for this sale can be found here. Corporate insiders own 20.88% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Expedia during the 3rd quarter worth $101,000. Krilogy Financial LLC raised its position in shares of Expedia by 2,900.0% in the 3rd quarter. Krilogy Financial LLC now owns 900 shares of the online travel company’s stock worth $130,000 after buying an additional 870 shares during the period. Dupont Capital Management Corp raised its position in shares of Expedia by 90.9% in the 4th quarter. Dupont Capital Management Corp now owns 1,046 shares of the online travel company’s stock worth $125,000 after buying an additional 498 shares during the period. Palisade Capital Management LLC NJ purchased a new position in shares of Expedia in the 3rd quarter worth $216,000. Finally, Zeke Capital Advisors LLC purchased a new position in shares of Expedia in the 3rd quarter worth $227,000. 82.50% of the stock is currently owned by 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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