Expedia (EXPE) Stock Rating Lowered by BidaskClub

BidaskClub downgraded shares of Expedia (NASDAQ:EXPE) from a buy rating to a hold rating in a research report report published on Tuesday morning.

A number of other research firms also recently weighed in on EXPE. ValuEngine upgraded Expedia from a sell rating to a hold rating in a research report on Monday, April 9th. SunTrust Banks upped their target price on Expedia to $180.00 and gave the company a buy rating in a research report on Friday, January 12th. They noted that the move was a valuation call. Morgan Stanley cut their target price on Expedia from $160.00 to $150.00 and set an overweight rating for the company in a research report on Friday, February 9th. Bank of America cut their target price on Expedia from $145.00 to $138.00 and set a buy rating for the company in a research report on Friday, February 9th. Finally, Wedbush started coverage on Expedia in a research report on Tuesday, April 3rd. They set a neutral rating and a $117.00 target price for the company. Fourteen research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Expedia presently has a consensus rating of Buy and an average target price of $145.08.

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NASDAQ:EXPE opened at $111.37 on Tuesday. The firm has a market cap of $16,744.03, a PE ratio of 29.94, a P/E/G ratio of 2.18 and a beta of 1.04. 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 fifty-two week low of $98.52 and a fifty-two week high of $161.00.

Expedia (NASDAQ:EXPE) last released its 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 company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.35 billion. Expedia had a net margin of 3.76% and a return on equity of 9.66%. The business’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 earnings per share. research analysts expect that Expedia will post 3.49 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Shareholders of record on Thursday, March 8th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, March 7th. This represents a $1.20 dividend on an annualized basis and a yield of 1.08%. Expedia’s payout ratio is presently 32.26%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Winslow Capital Management LLC increased its stake in shares of Expedia by 21.0% in the fourth quarter. Winslow Capital Management LLC now owns 3,092,639 shares of the online travel company’s stock valued at $370,406,000 after buying an additional 535,874 shares during the period. Hound Partners LLC increased its stake in shares of Expedia by 0.5% in the fourth quarter. Hound Partners LLC now owns 2,490,402 shares of the online travel company’s stock valued at $298,275,000 after buying an additional 13,291 shares during the period. TIAA CREF Investment Management LLC increased its stake in shares of Expedia by 1.3% in the fourth quarter. TIAA CREF Investment Management LLC now owns 1,542,873 shares of the online travel company’s stock valued at $184,790,000 after buying an additional 20,214 shares during the period. First Trust Advisors LP increased its stake in shares of Expedia by 28.8% in the fourth quarter. First Trust Advisors LP now owns 1,371,635 shares of the online travel company’s stock valued at $164,281,000 after buying an additional 306,536 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Expedia by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 1,345,535 shares of the online travel company’s stock valued at $160,824,000 after buying an additional 62,154 shares during the period. 80.19% of the stock is owned by institutional investors and hedge funds.

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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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