Expedia, Inc. (EXPE) Earns Buy Rating from Analysts at SunTrust Banks, Inc.
Analysts at SunTrust Banks, Inc. began coverage on shares of Expedia, Inc. (NASDAQ:EXPE) in a research note issued on Tuesday, The Fly reports. The firm set a “buy” rating on the online travel company’s stock.
Other research analysts have also issued reports about the company. Credit Suisse Group AG set a $151.00 price objective on Expedia and gave the stock a “buy” rating in a research report on Sunday, April 30th. Oppenheimer Holdings, Inc. increased their price objective on Expedia from $145.00 to $150.00 and gave the stock an “outperform” rating in a research report on Monday, May 1st. Raymond James Financial, Inc. reiterated a “market perform” rating and issued a $139.00 price objective on shares of Expedia in a research report on Thursday, May 18th. They noted that the move was a valuation call. Needham & Company LLC reiterated a “buy” rating on shares of Expedia in a research report on Wednesday, June 21st. Finally, Argus initiated coverage on Expedia in a research report on Wednesday, July 5th. They issued a “buy” rating and a $178.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $159.73.
Shares of Expedia (NASDAQ:EXPE) traded down 0.35% during trading on Tuesday, hitting $147.06. The stock had a trading volume of 1,254,710 shares. The firm has a market cap of $22.30 billion, a price-to-earnings ratio of 69.20 and a beta of 0.92. Expedia has a 52-week low of $105.62 and a 52-week high of $161.00. The firm’s 50-day moving average is $151.25 and its 200 day moving average is $137.56.
Expedia (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, July 27th. The online travel company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.94 by $0.05. The business had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Expedia had a return on equity of 10.98% and a net margin of 3.49%. The company’s revenue was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.83 earnings per share. On average, analysts expect that Expedia will post $5.11 EPS for the current year.
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In related news, insider Lance A. Soliday sold 2,544 shares of Expedia stock in a transaction that occurred on Friday, May 19th. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dara Khosrowshahi sold 86,228 shares of Expedia stock in a transaction that occurred on Tuesday, August 1st. The stock was 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 disclosure for this sale can be found here. Insiders have sold a total of 136,870 shares of company stock worth $20,840,896 in the last three months. Corporate insiders own 20.88% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. San Francisco Sentry Investment Group CA acquired a new position in shares of Expedia during the second quarter valued at $102,000. Fiduciary Trust Co. acquired a new position in shares of Expedia during the second quarter valued at $127,000. Sun Life Financial INC increased its position in shares of Expedia by 10,987.5% in the second quarter. Sun Life Financial INC now owns 887 shares of the online travel company’s stock valued at $132,000 after buying an additional 879 shares during the period. Dupont Capital Management Corp acquired a new position in shares of Expedia during the second quarter valued at $143,000. Finally, Pathstone Family Office LLC increased its position in shares of Expedia by 15,833.3% in the second quarter. Pathstone Family Office LLC now owns 956 shares of the online travel company’s stock valued at $143,000 after buying an additional 950 shares during the period. Institutional investors own 81.22% 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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