Expedia, Inc. (NASDAQ:EXPE) – Equities research analysts at Oppenheimer Holdings lowered their Q2 2017 earnings per share (EPS) estimates for shares of Expedia in a research note issued to investors on Wednesday. Oppenheimer Holdings analyst J. Kelly now anticipates that the online travel company will post earnings of $0.70 per share for the quarter, down from their prior estimate of $0.75. Oppenheimer Holdings has a “Outperform” rating on the stock. Oppenheimer Holdings also issued estimates for Expedia’s Q4 2017 earnings at $1.45 EPS, FY2017 earnings at $4.39 EPS and FY2018 earnings at $5.72 EPS.

Expedia (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, April 27th. The online travel company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.15. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.14 billion. Expedia had a return on equity of 11.01% and a net margin of 3.36%. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.09 earnings per share.

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A number of other analysts have also commented on EXPE. Jefferies Group LLC reaffirmed a “hold” rating and issued a $135.00 target price on shares of Expedia in a research report on Wednesday, March 29th. Cantor Fitzgerald reaffirmed a “hold” rating on shares of Expedia in a research report on Monday, June 26th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $170.00 target price (up from $135.00) on shares of Expedia in a research report on Tuesday. Credit Suisse Group set a $151.00 target price on Expedia and gave the company a “buy” rating in a research report on Sunday, April 30th. Finally, Zacks Investment Research lowered Expedia from a “buy” rating to a “hold” rating in a research report on Tuesday. Eight analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $151.17.

Expedia (NASDAQ EXPE) opened at 154.63 on Friday. Expedia has a 52-week low of $105.62 and a 52-week high of $156.39. The stock’s 50 day moving average price is $149.35 and its 200 day moving average price is $133.22. The firm has a market capitalization of $23.34 billion, a PE ratio of 78.49 and a beta of 0.93.

A number of institutional investors have recently bought and sold shares of EXPE. TNB Financial purchased a new position in Expedia during the first quarter valued at approximately $4,178,000. Bank of Montreal Can increased its position in Expedia by 122.9% in the first quarter. Bank of Montreal Can now owns 198,215 shares of the online travel company’s stock valued at $25,010,000 after buying an additional 109,282 shares during the last quarter. National Pension Service increased its position in Expedia by 4.5% in the first quarter. National Pension Service now owns 112,070 shares of the online travel company’s stock valued at $14,509,000 after buying an additional 4,825 shares during the last quarter. Gulf International Bank UK Ltd increased its position in Expedia by 1.1% in the first quarter. Gulf International Bank UK Ltd now owns 37,164 shares of the online travel company’s stock valued at $4,688,000 after buying an additional 400 shares during the last quarter. Finally, Creative Planning increased its position in Expedia by 19.1% in the first quarter. Creative Planning now owns 10,412 shares of the online travel company’s stock valued at $1,314,000 after buying an additional 1,667 shares during the last quarter. Institutional investors and hedge funds own 80.87% of the company’s stock.

In related news, Director Susan C. Athey sold 670 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $138.59, for a total value of $92,855.30. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Lance A. Soliday sold 2,544 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $142.30, for a total value of $362,011.20. Following the completion of the transaction, the insider now owns 4,815 shares in the company, valued at approximately $685,174.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,043 shares of company stock worth $5,330,777. 20.95% of the stock is owned by company insiders.

Expedia Company Profile

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.

Earnings History and Estimates for Expedia (NASDAQ:EXPE)

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