Expedia (NASDAQ:EXPE) had its price target cut by MKM Partners from $115.00 to $101.00 in a research report issued to clients and investors on Wednesday. The brokerage currently has a “neutral” rating on the online travel company’s stock. MKM Partners’ price objective would suggest a potential downside of 2.98% from the stock’s current price.
Several other research analysts have also issued reports on EXPE. Deutsche Bank restated a “buy” rating and set a $171.00 target price (down previously from $175.00) on shares of Expedia in a research report on Tuesday, October 24th. Bank of America lowered Expedia from a “buy” rating to a “neutral” rating and set a $149.00 target price for the company. in a research report on Friday, October 27th. UBS Group restated a “buy” rating and set a $154.00 target price (down previously from $170.00) on shares of Expedia in a research report on Friday, October 27th. Royal Bank of Canada restated an “outperform” rating and set a $155.00 target price (down previously from $175.00) on shares of Expedia in a research report on Friday, October 27th. Finally, Stifel Nicolaus dropped their target price on Expedia from $160.00 to $140.00 and set a “hold” rating for the company in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $148.30.
Shares of Expedia (NASDAQ:EXPE) traded up $0.25 during midday trading on Wednesday, reaching $104.10. The company’s stock had a trading volume of 2,949,900 shares, compared to its average volume of 2,782,029. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.61. Expedia has a 52 week low of $98.52 and a 52 week high of $161.00. The company has a market capitalization of $15,690.00, a PE ratio of 45.46, a P/E/G ratio of 1.85 and a beta of 0.89.
Expedia (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, February 8th. The online travel company reported $0.84 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by ($0.31). Expedia had a return on equity of 9.66% and a net margin of 3.76%. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the previous year, the firm earned $1.17 earnings per share. The company’s revenue was up 10.8% compared to the same quarter last year. equities analysts predict that Expedia will post 3.62 EPS for the current year.
In other Expedia news, insider Lance A. Soliday sold 2,401 shares of the company’s stock in a transaction on 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 owns 5,744 shares in the company, valued at $691,405.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 20.88% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. Douglas Lane & Associates LLC lifted its holdings in Expedia by 26.6% during the fourth quarter. Douglas Lane & Associates LLC now owns 313,239 shares of the online travel company’s stock worth $37,517,000 after buying an additional 65,821 shares during the period. Pinebridge Investments L.P. purchased a new stake in Expedia during the third quarter worth $840,000. Boyd Watterson Asset Management LLC OH lifted its holdings in Expedia by 23.3% during the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 10,279 shares of the online travel company’s stock worth $1,231,000 after buying an additional 1,940 shares during the period. Teacher Retirement System of Texas lifted its holdings in Expedia by 1,169.4% during the third quarter. Teacher Retirement System of Texas now owns 42,487 shares of the online travel company’s stock worth $6,116,000 after buying an additional 39,140 shares during the period. Finally, Penserra Capital Management LLC lifted its holdings in Expedia by 103.2% during the fourth quarter. Penserra Capital Management LLC now owns 45,194 shares of the online travel company’s stock worth $5,411,000 after buying an additional 22,957 shares during the period. Institutional investors own 85.71% of the company’s stock.
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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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