Expedia, Inc. (EXPE) Rating Reiterated by Oppenheimer Holdings, Inc.
Expedia, Inc. (NASDAQ:EXPE)‘s stock had its “buy” rating restated by research analysts at Oppenheimer Holdings, Inc. in a report issued on Thursday.
A number of other equities analysts also recently issued reports on the company. Zacks Investment Research downgraded Expedia from a “hold” rating to a “sell” rating in a research report on Monday. Guggenheim reissued a “buy” rating and set a $175.00 price target (down previously from $190.00) on shares of Expedia in a research report on Thursday, September 7th. Royal Bank Of Canada reissued an “outperform” rating and set a $175.00 price target on shares of Expedia in a research report on Thursday, September 7th. Stifel Nicolaus reissued a “hold” rating and set a $160.00 price target on shares of Expedia in a research report on Thursday, September 7th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $173.00 price target on shares of Expedia in a research report on Thursday, August 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. Expedia presently has an average rating of “Buy” and a consensus price target of $163.02.
Shares of Expedia (EXPE) traded down 1.40% during mid-day trading on Thursday, hitting $143.62. 707,005 shares of the stock were exchanged. The stock’s 50 day moving average is $148.23 and its 200 day moving average is $140.99. The firm has a market cap of $21.78 billion, a P/E ratio of 67.59 and a beta of 0.97. Expedia has a 12 month low of $105.62 and a 12 month high of $161.00.
Expedia (NASDAQ:EXPE) last released its 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 10.98% and a net margin of 3.49%. The business had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the previous year, the business earned $0.83 EPS. The business’s revenue for the quarter was up 17.8% on a year-over-year basis. Analysts expect that Expedia will post $5.06 EPS for the current fiscal year.
In other news, EVP Mark D. Okerstrom sold 12,500 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $150.00, for a total value of $1,875,000.00. Following the completion of the transaction, the executive vice president now directly owns 71,248 shares in the company, valued at $10,687,200. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Dara Khosrowshahi sold 86,228 shares of the firm’s stock in a transaction dated 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 completion of 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. Over the last 90 days, insiders sold 146,826 shares of company stock valued at $22,359,010. Company insiders own 20.95% of the company’s stock.
Large investors have recently made changes to their positions in the company. San Francisco Sentry Investment Group CA purchased a new position in Expedia during the second quarter valued at approximately $102,000. Fiduciary Trust Co. purchased a new position in Expedia during the second quarter valued at approximately $127,000. Sun Life Financial INC raised its position in Expedia by 10,987.5% during the second quarter. Sun Life Financial INC now owns 887 shares of the online travel company’s stock valued at $132,000 after acquiring an additional 879 shares in the last quarter. Dupont Capital Management Corp purchased a new position in Expedia during the second quarter valued at approximately $143,000. Finally, Pathstone Family Office LLC raised its position in Expedia by 15,833.3% during the second quarter. Pathstone Family Office LLC now owns 956 shares of the online travel company’s stock valued at $143,000 after acquiring an additional 950 shares in the last quarter. Hedge funds and other institutional investors own 84.42% 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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