Expedia’s (EXPE) Buy Rating Reiterated at SunTrust Banks

SunTrust Banks reaffirmed their buy rating on shares of Expedia (NASDAQ:EXPE) in a report issued on Monday morning. SunTrust Banks currently has a $165.00 price objective on the online travel company’s stock.

“We maintain our BUY/$165 PT into earnings. While 1Q results are likely to come in line with muted expectations, we also expect to see progress towards growing the property count – a key investment area for the company (our analysis indicates 60-100K net adds, with strength in Europe). Healthy room night growth (17-18% by our ests.) in global OTA brands along with strong HomeAway bookings should help reassure investors about the business’ underlying fundamentals.”,” SunTrust Banks’ analyst wrote.

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EXPE has been the topic of a number of other research reports. Zacks Investment Research raised shares of Expedia from a sell rating to a hold rating in a report on Wednesday, April 18th. BidaskClub raised Expedia from a hold rating to a buy rating in a report on Saturday, April 7th. Barclays lifted their price target on Expedia from $130.00 to $135.00 and gave the company an overweight rating in a report on Wednesday, March 7th. MKM Partners cut their price target on Expedia from $115.00 to $101.00 and set a neutral rating on the stock in a report on Wednesday, February 21st. Finally, Mizuho assumed coverage on Expedia in a report on Wednesday, March 21st. They set a neutral rating and a $120.00 price target on the stock. Thirteen analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $144.64.

NASDAQ:EXPE opened at $108.44 on Monday. The stock has a market capitalization of $16,819.95, a P/E ratio of 29.15, a PEG ratio of 2.19 and a beta of 1.04. Expedia has a one year low of $98.52 and a one year high of $161.00. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.70 and a quick ratio of 0.70.

Expedia (NASDAQ:EXPE) last issued its earnings results on Thursday, February 8th. The online travel company reported $0.84 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the prior year, the business earned $1.17 EPS. The business’s revenue was up 10.8% on a year-over-year basis. analysts predict that Expedia will post 3.48 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Investors of record on Thursday, March 8th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, March 7th. This represents a $1.20 annualized dividend and a yield of 1.11%. Expedia’s payout ratio is 32.26%.

Large investors have recently made changes to their positions in the stock. Douglas Lane & Associates LLC grew its position in Expedia by 26.6% in 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 last quarter. Penserra Capital Management LLC grew its position in Expedia by 103.2% in 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 last quarter. Boyd Watterson Asset Management LLC OH grew its position in Expedia by 23.3% in 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 last quarter. BTIM Corp. acquired a new position in Expedia in the fourth quarter worth approximately $2,380,000. Finally, HPM Partners LLC acquired a new position in Expedia in the fourth quarter worth approximately $403,000. 80.10% of the stock is currently owned by hedge funds and other institutional investors.

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Expedia Company Profile

Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.

Analyst Recommendations for Expedia (NASDAQ:EXPE)

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