Expedia’s (EXPE) Outperform Rating Reaffirmed at Royal Bank Of Canada
Expedia, Inc. (NASDAQ:EXPE)‘s stock had its “outperform” rating reissued by analysts at Royal Bank Of Canada in a report issued on Thursday. They presently have a $175.00 price objective on the online travel company’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 21.55% from the stock’s current price.
Other research analysts also recently issued research reports about the company. TheStreet raised Expedia from a “c+” rating to a “b” rating in a research note on Thursday, July 27th. Needham & Company LLC reissued a “buy” rating on shares of Expedia in a research note on Wednesday, June 21st. Cantor Fitzgerald reissued a “buy” rating and set a $178.00 target price on shares of Expedia in a research note on Wednesday, May 31st. Argus assumed coverage on Expedia in a research note on Wednesday, July 5th. They set a “buy” rating and a $178.00 target price for the company. Finally, Zacks Investment Research upgraded Expedia from a “hold” rating to a “buy” rating and set a $167.00 price target on the stock in a report on Wednesday, July 5th. Six analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $162.60.
Expedia (NASDAQ:EXPE) traded down 0.29% during midday trading on Thursday, hitting $143.97. 1,345,294 shares of the stock traded hands. 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 12-month low of $105.62 and a 12-month high of $161.00. The firm’s 50 day moving average is $149.49 and its 200-day moving average is $140.29.
Expedia (NASDAQ:EXPE) last issued its earnings results on Thursday, July 27th. The online travel company reported $0.89 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by $0.05. The business had revenue of $2.59 billion for 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 firm’s revenue was up 17.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.83 EPS. On average, analysts anticipate that Expedia will post $5.05 EPS for the current fiscal year.
In other news, Vice Chairman Victor Kaufman sold 35,598 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $149.29, for a total transaction of $5,314,425.42. Following the transaction, the insider now directly owns 167,673 shares of the company’s stock, valued at $25,031,902.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dara Khosrowshahi sold 86,228 shares of the company’s 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 directly owns 518,576 shares in the company, valued at $79,922,933.12. The disclosure for this sale can be found here. Insiders have sold 146,826 shares of company stock worth $22,359,010 over the last ninety days. 20.95% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Expedia by 3.7% during the second quarter. Vanguard Group Inc. now owns 12,045,217 shares of the online travel company’s stock worth $1,794,135,000 after purchasing an additional 428,656 shares during the period. BlackRock Inc. raised its position in shares of Expedia by 2.0% during the second quarter. BlackRock Inc. now owns 7,990,536 shares of the online travel company’s stock worth $1,190,191,000 after purchasing an additional 157,847 shares during the period. Wellington Management Group LLP raised its position in shares of Expedia by 14.6% during 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 purchasing an additional 764,343 shares during the period. Jennison Associates LLC raised its position in shares of Expedia by 17.6% during the second quarter. Jennison Associates LLC now owns 3,998,193 shares of the online travel company’s stock worth $595,531,000 after purchasing an additional 599,037 shares during the period. Finally, FMR LLC raised its position in shares of Expedia by 4.8% during the second quarter. FMR LLC now owns 2,481,274 shares of the online travel company’s stock worth $369,586,000 after purchasing an additional 112,581 shares during the period. 84.42% of the stock is currently owned by institutional investors.
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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