Expedia Target of Unusually High Options Trading (EXPE)
Expedia (NASDAQ:EXPE) saw unusually large options trading on Monday. Stock investors bought 18,569 put options on the stock, AnalystRatingsNetwork reports. This represents an increase of 818% compared to the average daily volume of 2,023 put options.
A number of analysts have recently weighed in on EXPE shares. Analysts at Deutsche Bank downgraded shares of Expedia from a “buy” rating to a “hold” rating in a research note to investors on Monday. They now have a $51.00 price target on the stock, down previously from $66.00. They noted that the move was a valuation call. Separately, 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. Finally, 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. Nineteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $64.09.
Expedia (NASDAQ:EXPE) opened at 48.51 on Tuesday. 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 $50.74 and its 200-day moving average is $56.00. The company has a market cap of $6.597 billion and a price-to-earnings ratio of 46.47.
Expedia (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.64 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis. 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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