Expedia, Inc. (EXPE) PT Set at $158.00 by Cowen and Company
Expedia, Inc. (NASDAQ:EXPE) has been given a $158.00 target price by investment analysts at Cowen and Company in a report issued on Thursday. The firm currently has a “buy” rating on the online travel company’s stock. Cowen and Company’s target price would suggest a potential upside of 6.77% from the company’s current price.
Other analysts have also recently issued reports about the company. TheStreet upgraded Expedia from a “c+” rating to a “b” rating in a research note on Thursday, July 27th. Needham & Company LLC reiterated a “buy” rating on shares of Expedia in a research note on Wednesday, June 21st. Deutsche Bank AG reiterated a “buy” rating and issued a $175.00 price objective (up from $158.00) on shares of Expedia in a research note on Wednesday, July 26th. BidaskClub cut Expedia from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Argus started coverage on Expedia in a report on Wednesday, July 5th. They issued a “buy” rating and a $178.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $162.86.
Shares of Expedia (NASDAQ:EXPE) traded up 0.55% on Thursday, hitting $147.98. The stock had a trading volume of 1,383,952 shares. The firm has a market cap of $22.44 billion, a price-to-earnings ratio of 69.64 and a beta of 0.92. Expedia has a 12-month low of $111.88 and a 12-month high of $161.00. The stock has a 50 day moving average of $145.23 and a 200 day moving average of $143.88.
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 consensus estimate of $0.94 by ($0.05). The company had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. Expedia had a net margin of 3.49% and a return on equity of 10.98%. The firm’s revenue was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.83 earnings per share. Equities analysts predict that Expedia will post $5.00 earnings per share for the current fiscal year.
In other news, EVP Mark D. Okerstrom sold 12,500 shares of Expedia stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $150.00, for a total transaction of $1,875,000.00. Following the completion of the sale, the executive vice president now directly owns 71,248 shares in the company, valued at approximately $10,687,200. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction of $13,289,459.36. Following the sale, 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. In the last 90 days, insiders sold 146,826 shares of company stock valued at $22,359,010. 20.95% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of EXPE. San Francisco Sentry Investment Group CA acquired a new stake in shares of Expedia during the 2nd quarter valued at approximately $102,000. Fiduciary Trust Co. acquired a new stake in shares of Expedia during the 2nd quarter valued at approximately $127,000. Sun Life Financial INC lifted its position in shares of Expedia by 10,987.5% during the 2nd 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 during the period. Dupont Capital Management Corp acquired a new stake in shares of Expedia during the 2nd quarter valued at approximately $143,000. Finally, Pathstone Family Office LLC lifted its position in shares of Expedia by 15,833.3% during the 2nd 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 during the period. Institutional investors own 84.38% 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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