Q3 2017 Earnings Estimate for Expedia, Inc. Issued By Oppenheimer Holdings (EXPE)
Expedia, Inc. (NASDAQ:EXPE) – Oppenheimer Holdings decreased their Q3 2017 earnings per share estimates for shares of Expedia in a report released on Wednesday. Oppenheimer Holdings analyst J. Kelly now expects that the online travel company will post earnings per share of $2.44 for the quarter, down from their previous estimate of $2.46. Oppenheimer Holdings has a “Outperform” rating on the stock.
Several other equities analysts have also recently issued reports on EXPE. Cantor Fitzgerald reiterated an “in-line” rating and set a $175.00 target price on shares of Expedia in a research report on Wednesday, March 22nd. Piper Jaffray Companies reiterated a “buy” rating and set a $144.00 target price on shares of Expedia in a research report on Wednesday, March 29th. Jefferies Group LLC reiterated a “hold” rating and set a $135.00 target price on shares of Expedia in a research report on Wednesday, March 29th. Barclays PLC restated an “overweight” rating and issued 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 issued a $147.00 price target on shares of Expedia in a report on Wednesday, April 5th. Eight analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $151.17.
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Shares of Expedia (NASDAQ:EXPE) opened at 155.47 on Thursday. Expedia has a 12-month low of $105.62 and a 12-month high of $156.39. The company’s 50-day moving average price is $149.04 and its 200 day moving average price is $133.06. The firm has a market capitalization of $23.47 billion, a price-to-earnings ratio of 78.92 and a beta of 0.93.
Expedia (NASDAQ:EXPE) last posted its earnings results on Thursday, April 27th. The online travel company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.15. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.14 billion. Expedia had a return on equity of 11.01% and a net margin of 3.36%. Expedia’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period last year, the company earned $0.09 earnings per share.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Edge Wealth Management LLC purchased a new position in shares of Expedia during the first quarter valued at approximately $126,000. CENTRAL TRUST Co increased its position in Expedia by 18.7% in the second quarter. CENTRAL TRUST Co now owns 1,059 shares of the online travel company’s stock valued at $158,000 after buying an additional 167 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Expedia during the first quarter valued at about $146,000. Point72 Asia Hong Kong Ltd increased its position in 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 valued at $159,000 after buying an additional 1,243 shares during the last quarter. Finally, Rice Hall James & Associates LLC increased its position in 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 valued at $180,000 after buying an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 80.87% of the company’s stock.
In related news, EVP Robert J. Dzielak sold 31,829 shares of Expedia stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $140.00, for a total value of $4,456,060.00. Following the transaction, the executive vice president now owns 33,606 shares in the company, valued at approximately $4,704,840. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan C. Athey sold 670 shares of Expedia 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 disclosure for this sale can be found here. Insiders have sold a total of 38,043 shares of company stock valued at $5,330,777 in the last three months. Company insiders own 20.95% of the company’s stock.
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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