Vetr Inc. Downgrades Expedia Inc (EXPE) to Buy
Expedia Inc (NASDAQ:EXPE) was downgraded by research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report released on Monday. They presently have a $140.35 price objective on the online travel company’s stock. Vetr‘s price target indicates a potential upside of 6.97% from the company’s current price.
A number of other research firms also recently issued reports on EXPE. CLSA assumed coverage on Expedia in a research report on Wednesday, December 7th. They set an “outperform” rating and a $145.00 price target for the company. Stifel Nicolaus boosted their price target on Expedia to $133.00 in a research report on Friday, February 10th. Royal Bank of Canada lowered their price target on Expedia from $165.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, February 10th. JMP Securities lowered their price target on Expedia from $145.00 to $142.00 and set an “outperform” rating for the company in a research report on Friday, February 10th. Finally, Evercore ISI reissued a “hold” rating and set a $125.00 price target on shares of Expedia in a research report on Friday, February 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $141.75.
Expedia (NASDAQ:EXPE) traded up 0.36% on Monday, hitting $131.20. The stock had a trading volume of 2,024,636 shares. Expedia has a 12-month low of $96.58 and a 12-month high of $133.55. The firm has a market cap of $19.65 billion, a PE ratio of 72.09 and a beta of 0.69. The company’s 50 day moving average is $122.33 and its 200 day moving average is $119.83.
This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/03/19/vetr-inc-downgrades-expedia-inc-expe-to-buy.html
Expedia (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, February 9th. The online travel company reported $1.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.37 by $0.20. Expedia had a net margin of 3.06% and a return on equity of 11.54%. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same period last year, the firm posted $0.77 EPS. Expedia’s revenue was up 23.2% on a year-over-year basis. On average, equities research analysts expect that Expedia will post $5.42 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 30th. Investors of record on Thursday, March 9th will be paid a $0.28 dividend. This is a boost from Expedia’s previous quarterly dividend of $0.26. The ex-dividend date is Tuesday, March 7th. This represents a $1.12 annualized dividend and a dividend yield of 0.85%. Expedia’s payout ratio is 60.47%.
Your IP Address:
In related news, CEO Dara Khosrowshahi sold 106,892 shares of the business’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $119.25, for a total value of $12,746,871.00. Following the transaction, the chief executive officer now owns 539,240 shares in the company, valued at $64,304,370. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 20.95% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 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 in the last quarter. NN Investment Partners Holdings N.V. raised its stake in shares of Expedia by 27.7% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 921 shares of the online travel company’s stock valued at $104,000 after buying an additional 200 shares in 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 in the last quarter. First Bank & Trust purchased a new stake in shares of Expedia during the fourth quarter valued at $159,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Expedia by 5.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,974 shares of the online travel company’s stock valued at $211,000 after buying an additional 98 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.
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.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for Expedia Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expedia Inc and related companies with MarketBeat.com's FREE daily email newsletter.