Expedia, Inc. (EXPE) Research Coverage Started at Morgan Stanley
Research analysts at Morgan Stanley started coverage on shares of Expedia, Inc. (NASDAQ:EXPE) in a research report issued to clients and investors on Tuesday. The brokerage set a “weight” rating and a $135.00 price target on the online travel company’s stock. Morgan Stanley’s price objective indicates a potential upside of 15.09% from the stock’s previous close.
Several other research firms also recently issued reports on EXPE. RBC Capital Markets reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Expedia in a report on Wednesday, November 2nd. Zacks Investment Research cut shares of Expedia from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Vetr upgraded shares of Expedia from a “buy” rating to a “strong-buy” rating and set a $134.00 target price for the company in a research report on Tuesday, November 15th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Expedia in a research report on Friday, December 23rd. Finally, CLSA began coverage on shares of Expedia in a research report on Wednesday, December 7th. They issued an “outperform” rating and a $145.00 target price for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $135.44.
Shares of Expedia (NASDAQ:EXPE) traded down 0.93% during mid-day trading on Tuesday, reaching $116.21. The company had a trading volume of 631,779 shares. The firm’s 50 day moving average is $119.63 and its 200-day moving average is $116.66. Expedia has a 12-month low of $88.40 and a 12-month high of $133.55. The stock has a market capitalization of $17.43 billion, a P/E ratio of 92.38 and a beta of 0.73.
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Expedia (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, October 27th. The online travel company reported $2.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.24 by $0.17. The business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.56 billion. Expedia had a net margin of 2.11% and a return on equity of 10.39%. The company’s revenue was up 33.2% compared to the same quarter last year. During the same period last year, the firm posted $2.07 earnings per share. On average, analysts expect that Expedia will post $4.75 earnings per share for the current fiscal year.
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In other Expedia news, EVP Robert J. Dzielak sold 11,260 shares of the business’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $130.00, for a total value of $1,463,800.00. Following the transaction, the executive vice president now directly owns 25,282 shares of the company’s stock, valued at approximately $3,286,660. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dara Khosrowshahi sold 101,300 shares of the business’s stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $125.03, for a total transaction of $12,665,539.00. Following the sale, the chief executive officer now owns 394,046 shares in the company, valued at $49,267,571.38. The disclosure for this sale can be found here. 20.95% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of the company. Checchi Capital Advisers LLC raised its stake in shares of Expedia by 1.2% in the second quarter. Checchi Capital Advisers LLC now owns 962 shares of the online travel company’s stock valued at $102,000 after buying an additional 11 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Expedia by 0.5% in the third quarter. Quadrant Capital Group LLC now owns 925 shares of the online travel company’s stock valued at $102,000 after buying an additional 5 shares during the last quarter. New York Life Trust Co. raised its stake in shares of Expedia by 11.7% in the third quarter. New York Life Trust Co. now owns 939 shares of the online travel company’s stock valued at $110,000 after buying an additional 98 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Expedia by 258.8% in the second quarter. Tower Research Capital LLC TRC now owns 1,245 shares of the online travel company’s stock valued at $132,000 after buying an additional 898 shares during the last quarter. Finally, Mizuho Asset Management Co. Ltd. raised its stake in shares of Expedia by 144.6% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,661 shares of the online travel company’s stock valued at $177,000 after buying an additional 982 shares during the last quarter. Institutional investors own 84.08% of the company’s stock.
Expedia Company Profile
Expedia, Inc is an online travel company. The Company makes travel products and services available, on a standalone and package basis, provided by various lodging properties, airlines, car rental companies, destination service providers, cruise lines and other travel product and service companies. Its Core OTA segment provides a range of travel and advertising services, through a range of brands, including Expedia.com and Hotels.com in the United States and localized Expedia and Hotels.com Websites throughout the world, Orbitz.com, Expedia Affiliate Network, Hotwire.com, Travelocity, Venere, Wotif Group, CarRentals.com, and Classic Vacations.
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