Expedia, Inc. (EXPE) Receives Average Rating of “Buy” from Analysts
Shares of Expedia, Inc. (NASDAQ:EXPE) have been given an average recommendation of “Buy” by the twenty-nine brokerages that are currently covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $159.81.
Several research firms have recently weighed in on EXPE. Oppenheimer Holdings, Inc. lifted their target price on shares of Expedia from $145.00 to $150.00 and gave the stock an “outperform” rating in a research report on Monday, May 1st. JMP Securities reissued an “outperform” rating and issued a $155.00 target price (up from $142.00) on shares of Expedia in a research report on Tuesday, May 2nd. Needham & Company LLC lifted their target price on shares of Expedia from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Benchmark Co. reissued a “buy” rating and issued a $165.00 target price on shares of Expedia in a research report on Friday, April 28th. Finally, Zacks Investment Research downgraded shares of Expedia from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th.
Shares of Expedia (NASDAQ:EXPE) opened at 149.12 on Tuesday. The firm has a 50 day moving average of $151.40 and a 200 day moving average of $135.62. Expedia has a one year low of $105.62 and a one year high of $161.00. The stock has a market cap of $22.61 billion, a P/E ratio of 70.17 and a beta of 0.92.
Expedia (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, July 27th. The online travel company reported $0.89 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by $0.05. The business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. Expedia had a return on equity of 10.98% and a net margin of 3.49%. The business’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.83 EPS. On average, equities research analysts predict that Expedia will post $5.11 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be given a $0.30 dividend. This is a positive change from Expedia’s previous quarterly dividend of $0.28. The ex-dividend date is Tuesday, August 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.80%. Expedia’s dividend payout ratio (DPR) is currently 53.08%.
In other news, CEO Dara Khosrowshahi sold 86,228 shares of Expedia stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $154.12, for a total value of $13,289,459.36. Following the transaction, the chief executive officer now owns 518,576 shares of the company’s stock, valued at $79,922,933.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Lance A. Soliday sold 2,544 shares of Expedia stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $142.30, for a total transaction of $362,011.20. Following the completion of the transaction, the insider now directly owns 4,815 shares in the company, valued at approximately $685,174.50. The disclosure for this sale can be found here. Company insiders own 20.88% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Expedia by 3,458.6% in the first quarter. BlackRock Inc. now owns 7,832,689 shares of the online travel company’s stock worth $988,252,000 after buying an additional 7,612,585 shares during the period. Neuberger Berman Group LLC raised its position in shares of Expedia by 1,118.9% in the first quarter. Neuberger Berman Group LLC now owns 1,805,829 shares of the online travel company’s stock worth $227,841,000 after buying an additional 1,657,678 shares during the period. Jennison Associates LLC raised its position in shares of Expedia by 39.9% in the first quarter. Jennison Associates LLC now owns 3,397,821 shares of the online travel company’s stock worth $428,703,000 after buying an additional 968,772 shares during the period. Wellington Management Group LLP raised its position in shares of Expedia by 14.6% in the first quarter. Wellington Management Group LLP now owns 6,000,184 shares of the online travel company’s stock worth $757,042,000 after buying an additional 764,343 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of Expedia by 30.4% in the first quarter. Ameriprise Financial Inc. now owns 2,312,604 shares of the online travel company’s stock worth $291,782,000 after buying an additional 539,205 shares during the period. 80.96% of the stock is currently 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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