Expedia, Inc. (NASDAQ:EXPE) Stock Rating Reaffirmed by Morgan Stanley
Expedia, Inc. (NASDAQ:EXPE)‘s stock had its “equal weight” rating reaffirmed by analysts at Morgan Stanley in a research report issued on Tuesday. They presently have a $170.00 target price on the online travel company’s stock, up from their previous target price of $135.00. Morgan Stanley’s price target points to a potential upside of 10.70% from the company’s previous close.
Several other equities research analysts also recently weighed in on EXPE. Cantor Fitzgerald restated an “in-line” rating and set a $175.00 price target on shares of Expedia in a report on Wednesday, March 22nd. Piper Jaffray Companies restated a “buy” rating and set a $144.00 price target on shares of Expedia in a report on Wednesday, March 29th. Jefferies Group LLC restated a “hold” rating and set a $135.00 price target on shares of Expedia in a report on Wednesday, March 29th. Barclays PLC restated an “overweight” rating and set a $140.00 price target on shares of Expedia in a report on Monday, April 3rd. Finally, Credit Suisse Group restated a “buy” rating and set a $147.00 price target on shares of Expedia in a report on Wednesday, April 5th. Eight investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $151.17.
Expedia (EXPE) traded up 0.55% during trading on Tuesday, reaching $153.57. The company’s stock had a trading volume of 933,731 shares. The stock has a market capitalization of $23.18 billion, a PE ratio of 77.95 and a beta of 0.93. Expedia has a 1-year low of $105.62 and a 1-year high of $156.39. The stock has a 50 day moving average price of $145.84 and a 200 day moving average price of $129.59.
Expedia (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, April 27th. The online travel company reported ($0.15) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.15. Expedia had a return on equity of 11.01% and a net margin of 3.36%. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the prior year, the business earned $0.09 EPS. Expedia’s revenue was up 15.0% on a year-over-year basis. Analysts anticipate that Expedia will post $5.32 earnings per share for the current fiscal year.
In other Expedia news, Director Susan C. Athey sold 670 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $138.59, for a total transaction of $92,855.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lance A. Soliday sold 2,544 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $142.30, for a total value of $362,011.20. Following the transaction, the insider now directly owns 4,815 shares of the company’s stock, valued at approximately $685,174.50. The disclosure for this sale can be found here. Insiders have sold 38,043 shares of company stock valued at $5,330,777 in the last three months. 20.88% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the stock. Edge Wealth Management LLC acquired a new stake in shares of Expedia during the first quarter worth approximately $126,000. State of Alaska Department of Revenue acquired a new stake in shares of Expedia during the first quarter worth approximately $146,000. CENTRAL TRUST Co increased its stake in shares of Expedia by 18.7% in the second quarter. CENTRAL TRUST Co now owns 1,059 shares of the online travel company’s stock worth $158,000 after buying an additional 167 shares in the last quarter. Point72 Asia Hong Kong Ltd increased its stake in shares of Expedia by 6,905.6% in the first quarter. Point72 Asia Hong Kong Ltd now owns 1,261 shares of the online travel company’s stock worth $159,000 after buying an additional 1,243 shares in the last quarter. Finally, Rice Hall James & Associates LLC increased its stake in shares of Expedia by 3.0% in the first quarter. Rice Hall James & Associates LLC now owns 1,430 shares of the online travel company’s stock worth $180,000 after buying an additional 41 shares in the last quarter. 80.87% of the stock is owned by institutional investors and hedge funds.
Expedia, Inc is an online travel company. The Company operates through four segments: Core Online Travel Agencies (Core OTA), trivago, Egencia and HomeAway. The Company’s Core OTA segment provides a range of travel and advertising services to its customers across the world, 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, Wotif Group, CarRentals.com and Classic Vacations.
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