Needham & Company LLC Raises Expedia, Inc. (EXPE) Price Target to $180.00
Expedia, Inc. (NASDAQ:EXPE) had its price objective lifted by equities research analysts at Needham & Company LLC from $160.00 to $180.00 in a note issued to investors on Friday. The brokerage presently has a “buy” rating on the online travel company’s stock. Needham & Company LLC’s target price would suggest a potential upside of 16.69% from the stock’s previous close.
A number of other equities analysts also recently weighed in on EXPE. Barclays PLC reaffirmed an “overweight” rating and set a $140.00 price target on shares of Expedia in a research report on Monday, April 3rd. Credit Suisse Group reaffirmed a “buy” rating and set a $147.00 price target on shares of Expedia in a research report on Wednesday, April 5th. Vetr downgraded Expedia from a “buy” rating to a “hold” rating and set a $138.67 price target for the company. in a research report on Monday, April 24th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $160.00 price target on shares of Expedia in a research report on Tuesday, April 25th. Finally, Zacks Investment Research raised Expedia from a “sell” rating to a “hold” rating in a research report on Wednesday, April 26th. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. Expedia currently has an average rating of “Buy” and a consensus price target of $155.06.
Shares of Expedia (EXPE) opened at 154.25 on Friday. Expedia has a 1-year low of $105.62 and a 1-year high of $158.74. The firm has a 50-day moving average of $150.50 and a 200-day moving average of $134.54. The firm has a market capitalization of $23.28 billion, a PE ratio of 78.30 and a beta of 0.93.
Expedia (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by $0.05. Expedia had a return on equity of 11.01% and a net margin of 3.36%. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the company earned $0.83 EPS. The company’s revenue was up 17.8% compared to the same quarter last year. On average, equities research analysts anticipate that Expedia will post $5.29 EPS for the current fiscal year.
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In related news, Director Craig A. Jacobson sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $139.95, for a total value of $419,850.00. Following the sale, the director now directly owns 30,496 shares of the company’s stock, valued at $4,267,915.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robert J. Dzielak sold 31,829 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 33,606 shares in the company, valued at $4,704,840. The disclosure for this sale can be found here. Insiders sold 38,043 shares of company stock worth $5,330,777 over the last ninety days. 20.95% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Cleararc Capital Inc. raised its stake in Expedia by 0.5% in the first quarter. Cleararc Capital Inc. now owns 2,948 shares of the online travel company’s stock valued at $372,000 after buying an additional 16 shares during the period. S&CO Inc. raised its stake in Expedia by 0.5% in the first quarter. S&CO Inc. now owns 4,350 shares of the online travel company’s stock valued at $549,000 after buying an additional 20 shares during the period. Rice Hall James & Associates LLC raised its stake 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 period. Stephens Inc. AR raised its stake in Expedia by 1.9% in the first quarter. Stephens Inc. AR now owns 2,875 shares of the online travel company’s stock valued at $363,000 after buying an additional 53 shares during the period. Finally, Quantum Capital Management raised its stake in Expedia by 2.6% in the first quarter. Quantum Capital Management now owns 2,102 shares of the online travel company’s stock valued at $265,000 after buying an additional 54 shares during the period. 80.96% of the stock is currently owned by institutional investors and hedge funds.
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.
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