Expedia Inc. Sets New 1-Year High at $71.72 (EXPE)
Expedia (NASDAQ:EXPE) set a new 52-week high during trading hours on Tuesday, AnalystRatings.NET reports. The company traded as high as $71.72 and last traded at $71.32, with a volume of 2,207,589 shares. The stock had previously closed at $68.96.
Several analysts have recently commented on the stock. Analysts at Cantor Fitzgerald raised their price target on shares of Expedia from $70.00 to $75.00 in a research note to investors on Monday, December 30th. Separately, analysts at UBS AG raised their price target on shares of Expedia from $70.00 to $74.00 in a research note to investors on Monday, December 16th. They now have a “buy” rating on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of Expedia from $65.00 to $70.00 in a research note to investors on Wednesday, November 27th. They now have an “outperform” rating on the stock. Eighteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $66.62.
In other Expedia news, Director A George Battle sold 1,421 shares of Expedia stock on the open market in a transaction dated Monday, December 30th. The stock was sold at an average price of $69.00, for a total transaction of $98,049.00. Following the completion of the transaction, the director now directly owns 31,503 shares in the company, valued at approximately $2,173,707. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Expedia has a 52 week low of $45.69 and a 52 week high of $69.76. The stock has a 50-day moving average of $64.92 and a 200-day moving average of $56.5. The company has a market cap of $9.297 billion and a P/E ratio of 67.41.
Expedia (NASDAQ:EXPE) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $1.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.36 by $0.07. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the company posted $1.32 earnings per share. Expedia’s revenue was up 16.9% compared to the same quarter last year. Analysts expect that Expedia will post $3.16 EPS for the current fiscal year.
Expedia, Inc (NASDAQ:EXPE) is an online travel company.
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