Expedia, Inc. (EXPE) Given Consensus Recommendation of “Buy” by Brokerages
Expedia, Inc. (NASDAQ:EXPE) has received an average rating of “Buy” from the thirty-three brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $163.40.
Several research firms have commented on EXPE. Royal Bank Of Canada restated an “outperform” rating and issued a $175.00 target price on shares of Expedia in a research note on Thursday, September 7th. Guggenheim restated a “buy” rating and issued a $175.00 target price (down previously from $190.00) on shares of Expedia in a research note on Thursday, September 7th. Zacks Investment Research cut Expedia from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Needham & Company LLC restated a “buy” rating and issued a $180.00 target price on shares of Expedia in a research note on Thursday, September 28th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $173.00 target price on shares of Expedia in a research note on Thursday, August 31st.
In other news, EVP Mark D. Okerstrom sold 12,500 shares of the stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $150.41, for a total transaction of $1,880,125.00. Following the sale, the executive vice president now directly owns 71,248 shares of the company’s stock, valued at approximately $10,716,411.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Dara Khosrowshahi sold 86,228 shares of the stock in a transaction 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 sale, 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. Over the last three months, insiders have sold 146,826 shares of company stock worth $22,359,010. 20.95% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in EXPE. Vanguard Group Inc. lifted its position in shares of Expedia by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 12,045,217 shares of the online travel company’s stock worth $1,794,135,000 after buying an additional 428,656 shares during the last quarter. BlackRock Inc. lifted its position in shares of Expedia by 2.0% during the 2nd quarter. BlackRock Inc. now owns 7,990,536 shares of the online travel company’s stock worth $1,190,191,000 after buying an additional 157,847 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Expedia by 17.6% during the 2nd quarter. Jennison Associates LLC now owns 3,998,193 shares of the online travel company’s stock worth $595,531,000 after buying an additional 599,037 shares during the last quarter. FMR LLC lifted its position in shares of Expedia by 4.8% during the 2nd quarter. FMR LLC now owns 2,481,274 shares of the online travel company’s stock worth $369,586,000 after buying an additional 112,581 shares during the last quarter. Finally, Steadfast Capital Management LP lifted its position in shares of Expedia by 15.6% during the 2nd quarter. Steadfast Capital Management LP now owns 2,041,580 shares of the online travel company’s stock worth $304,093,000 after buying an additional 274,760 shares during the last quarter. 84.34% of the stock is currently owned by institutional investors.
Expedia (NASDAQ:EXPE) opened at 152.80 on Friday. The firm has a market cap of $23.17 billion, a P/E ratio of 71.91 and a beta of 0.92. The company has a 50-day moving average price of $146.04 and a 200-day moving average price of $144.87. Expedia has a 12-month low of $111.88 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 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.05). The firm had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. Expedia had a net margin of 3.49% and a return on equity of 10.98%. The company’s revenue was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 EPS. On average, analysts predict that Expedia will post $4.99 earnings per share for the current year.
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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