Q3 2017 Earnings Estimate for Expedia, Inc. (EXPE) Issued By Oppenheimer Holdings
Expedia, Inc. (NASDAQ:EXPE) – Oppenheimer Holdings decreased their Q3 2017 EPS estimates for shares of Expedia in a research note issued to investors on Monday. Oppenheimer Holdings analyst J. Kelly now forecasts that the online travel company will earn $2.34 per share for the quarter, down from their previous estimate of $2.35. Oppenheimer Holdings has a “Buy” rating on the stock. Oppenheimer Holdings also issued estimates for Expedia’s Q4 2017 earnings at $1.22 EPS.
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 the Zacks’ 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 return on equity of 10.98% and a net margin of 3.49%. The business’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 EPS. COPYRIGHT VIOLATION NOTICE: “Q3 2017 Earnings Estimate for Expedia, Inc. (EXPE) Issued By Oppenheimer Holdings” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/10/25/q3-2017-earnings-estimate-for-expedia-inc-expe-issued-by-oppenheimer-holdings.html.
Several other equities research analysts have also issued reports on EXPE. Zacks Investment Research lowered Expedia from a “hold” rating to a “sell” rating in a research note on Monday, September 11th. Cowen and Company reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Expedia in a research note on Sunday, August 27th. Deutsche Bank AG reaffirmed 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. Morgan Stanley reaffirmed an “equal weight” rating and issued a $170.00 price objective (up from $135.00) on shares of Expedia in a research note on Tuesday, July 18th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $190.00 price objective on shares of Expedia in a research note on Monday, August 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $163.22.
Expedia (EXPE) opened at 150.73 on Wednesday. The firm has a 50-day moving average price of $146.24 and a 200-day moving average price of $145.51. Expedia has a 52 week low of $111.88 and a 52 week high of $161.00. The stock has a market capitalization of $22.86 billion, a PE ratio of 70.93 and a beta of 0.92.
A number of institutional investors and hedge funds have recently modified their holdings of the business. First Trust Advisors LP lifted its position in Expedia by 0.9% during the 3rd quarter. First Trust Advisors LP now owns 1,065,099 shares of the online travel company’s stock worth $153,310,000 after acquiring an additional 9,991 shares during the period. Boston Advisors LLC acquired a new stake in Expedia during the 3rd quarter worth about $3,359,000. Xact Kapitalforvaltning AB lifted its position in Expedia by 3.1% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 22,911 shares of the online travel company’s stock worth $3,298,000 after acquiring an additional 690 shares during the period. Handelsbanken Fonder AB lifted its position in Expedia by 12.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 45,000 shares of the online travel company’s stock worth $6,477,000 after acquiring an additional 5,000 shares during the period. Finally, APG Asset Management N.V. lifted its position in Expedia by 6.5% during the 3rd quarter. APG Asset Management N.V. now owns 189,877 shares of the online travel company’s stock worth $27,331,000 after acquiring an additional 11,600 shares during the period. 84.37% of the stock is owned by institutional investors.
In other Expedia news, CEO Dara Khosrowshahi sold 86,228 shares of Expedia stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $154.12, for a total transaction of $13,289,459.36. Following the completion of the sale, the chief executive officer now owns 518,576 shares of the company’s stock, valued at approximately $79,922,933.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark D. Okerstrom sold 12,500 shares of Expedia stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $150.41, for a total value 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 146,826 shares of company stock valued at $22,359,010. 20.88% of the stock is currently owned by insiders.
Expedia Company Profile
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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