Expedia Target of Unusually Large Options Trading (EXPE)
Expedia (NASDAQ:EXPE) saw some unusual options trading activity on Monday. Traders bought 6,966 call options on the company, ARN reports. This represents an increase of 149% compared to the average volume of 2,794 call options.
A number of analysts have recently weighed in on EXPE shares. Analysts at Janney Montgomery Scott initiated coverage on shares of Expedia in a research note to investors on Wednesday, September 11th. They set a “neutral” rating on the stock. Separately, analysts at Lazard Capital Markets upgraded shares of Expedia from a “neutral” rating to a “buy” rating in a research note to investors on Monday, September 9th. They now have a $51.33 price target on the stock, down previously from $60.00. Finally, analysts at TheStreet downgraded shares of Expedia from a “buy” rating to a “hold” rating in a research note to investors on Thursday, August 15th. Eighteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $64.64.
Expedia (NASDAQ:EXPE) traded up 0.19% on Monday, hitting $51.77. The stock had a trading volume of 2,288,910 shares. Expedia has a 52-week low of $45.69 and a 52-week high of $68.09. The stock’s 50-day moving average is $50.13 and its 200-day moving average is $56.57. The company has a market cap of $7.040 billion and a price-to-earnings ratio of 49.49.
Expedia (NASDAQ:EXPE) last announced its earnings results on Thursday, July 25th. The company reported $0.64 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.79 by $0.15. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the company posted $0.76 earnings per share. Expedia’s revenue was up 15.9% compared to the same quarter last year. Analysts expect that Expedia will post $3.10 EPS for the current fiscal year.
Expedia, Inc (NASDAQ:EXPE) is an online travel company.
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