Expedia, Inc. (EXPE) Stock Rating Reaffirmed by Guggenheim
Expedia, Inc. (NASDAQ:EXPE)‘s stock had its “buy” rating restated by equities researchers at Guggenheim in a research report issued on Thursday. They presently have a $175.00 target price on the online travel company’s stock, down from their previous target price of $190.00. Guggenheim’s target price would indicate a potential upside of 21.55% from the stock’s previous close.
EXPE has been the subject of a number of other research reports. Royal Bank Of Canada restated an “outperform” rating and set a $175.00 price objective on shares of Expedia in a research report on Thursday. Zacks Investment Research downgraded shares of Expedia from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Piper Jaffray Companies restated a “buy” rating and set a $173.00 price objective on shares of Expedia in a research report on Thursday, August 31st. Cowen and Company restated an “outperform” rating and set a $160.00 price objective on shares of Expedia in a research report on Friday, June 16th. Finally, UBS AG restated a “buy” rating and set a $178.00 price objective (up previously from $155.00) on shares of Expedia in a research report on Monday, July 31st. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $163.02.
Expedia (NASDAQ:EXPE) traded down 0.29% during mid-day trading on Thursday, hitting $143.97. The company had a trading volume of 1,346,920 shares. The stock has a 50 day moving average price of $149.49 and a 200-day moving average price of $140.29. The stock has a market capitalization of $21.83 billion, a PE ratio of 67.75 and a beta of 0.97. Expedia has a 1-year low of $105.62 and a 1-year high of $161.00.
Expedia (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, July 27th. The online travel company reported $0.89 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by $0.05. The firm had revenue of $2.59 billion for 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 firm’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS. On average, analysts forecast that Expedia will post $5.05 earnings per share for the current year.
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In other news, CEO Dara Khosrowshahi sold 86,228 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $154.12, for a total transaction of $13,289,459.36. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark D. Okerstrom sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $150.00, for a total transaction of $1,875,000.00. Following the sale, the executive vice president now directly owns 71,248 shares of the company’s stock, valued at approximately $10,687,200. The disclosure for this sale can be found here. Insiders sold 146,826 shares of company stock valued at $22,359,010 in the last ninety days. 20.95% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the company. San Francisco Sentry Investment Group CA acquired a new position in Expedia in the second quarter worth $102,000. Fiduciary Trust Co. bought a new stake in Expedia in the second quarter valued at $127,000. Sun Life Financial INC lifted its stake in 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 last quarter. Pathstone Family Office LLC lifted its stake in 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 last quarter. Finally, Dupont Capital Management Corp bought a new stake in Expedia in the second quarter valued at $143,000. 84.42% of the stock is 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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