Stock Traders Buy Large Volume of Expedia Call Options (EXPE)
Expedia (NASDAQ:EXPE) saw unusually large options trading on Monday. Stock investors acquired 12,469 call options on the stock, AnalystRatings.Net reports. This represents an increase of 279% compared to the average daily volume of 3,288 call options.
EXPE has been the subject of a number of recent research reports. 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 investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $64.09.
Shares of 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 has a 50-day moving average of $50.74 and a 200-day moving average of $56.00. The company has a market cap of $6.597 billion and a price-to-earnings ratio of 49.55.
Expedia (NASDAQ:EXPE) last posted its quarterly 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 in the previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, analysts predict that Expedia will post $3.10 earnings per share for the current fiscal year.
Expedia, Inc (NASDAQ:EXPE) is an online travel company.
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