Expedia, Inc. (EXPE) Rating Reiterated by SunTrust Banks, Inc.
Expedia, Inc. (NASDAQ:EXPE)‘s stock had its “buy” rating restated by equities research analysts at SunTrust Banks, Inc. in a report issued on Monday. They currently have a $190.00 price target on the online travel company’s stock. SunTrust Banks, Inc.’s price objective indicates a potential upside of 26.10% from the stock’s previous close.
The analysts wrote, “We maintain our BUY/$190 PT into earnings. We expect Expedia’s results to be in line with our expectations when the company reports 3Q17 results on Oct. 26 (post-close).””
Several other research analysts have also weighed in on EXPE. Cantor Fitzgerald reissued a “hold” rating on shares of Expedia in a research note on Monday, June 26th. Citigroup Inc. raised shares of Expedia from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $147.89 to $130.00 in a research note on Wednesday, June 28th. Zacks Investment Research raised shares of Expedia from a “hold” rating to a “buy” rating and set a $167.00 price objective on the stock in a research note on Wednesday, July 5th. Argus initiated coverage on shares of Expedia in a research note on Wednesday, July 5th. They set a “buy” rating and a $178.00 price objective on the stock. Finally, Morgan Stanley reissued an “equal weight” rating and set a $170.00 price objective (up previously from $135.00) on shares of Expedia in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $163.34.
Shares of Expedia (NASDAQ:EXPE) traded down 1.39% during midday trading on Monday, hitting $150.68. 1,880,828 shares of the company traded hands. Expedia has a 12-month low of $111.88 and a 12-month high of $161.00. The stock’s 50-day moving average is $146.12 and its 200 day moving average is $145.34. The stock has a market capitalization of $22.85 billion, a P/E ratio of 70.91 and a beta of 0.92.
Expedia (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, July 27th. The online travel company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.05). Expedia had a return on equity of 10.98% and a net margin of 3.49%. The firm had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the previous year, the business earned $0.83 EPS. The firm’s revenue was up 17.8% compared to the same quarter last year. On average, analysts expect that Expedia will post $5.02 earnings per share for the current year.
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In other news, 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Victor Kaufman sold 35,598 shares of Expedia stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $149.29, for a total transaction of $5,314,425.42. Following the completion of the sale, the insider now owns 167,673 shares in the company, valued at $25,031,902.17. The disclosure for this sale can be found here. Insiders sold 146,826 shares of company stock worth $22,359,010 over the last quarter. 20.95% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Swiss National Bank raised its holdings in shares of Expedia by 2.9% in the second quarter. Swiss National Bank now owns 450,370 shares of the online travel company’s stock valued at $67,083,000 after purchasing an additional 12,700 shares during the last quarter. OZ Management LP acquired a new stake in shares of Expedia in the second quarter valued at approximately $1,892,000. Hartwell J M Limited Partnership raised its holdings in shares of Expedia by 229.1% in the second quarter. Hartwell J M Limited Partnership now owns 28,975 shares of the online travel company’s stock valued at $4,316,000 after purchasing an additional 20,170 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Expedia by 14.9% in the second quarter. Franklin Resources Inc. now owns 663,900 shares of the online travel company’s stock valued at $98,888,000 after purchasing an additional 86,000 shares during the last quarter. Finally, Allen Investment Management LLC raised its holdings in shares of Expedia by 23.2% in the second quarter. Allen Investment Management LLC now owns 53,638 shares of the online travel company’s stock valued at $7,989,000 after purchasing an additional 10,104 shares during the last quarter. Institutional investors own 84.34% 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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