Expedia, Inc. (EXPE) Given Buy Rating at Citigroup Inc.
Expedia, Inc. (NASDAQ:EXPE)‘s stock had its “buy” rating reiterated by equities researchers at Citigroup Inc. in a research note issued on Friday. They currently have a $170.00 target price on the online travel company’s stock, down from their prior target price of $180.00. Citigroup Inc.’s target price suggests a potential upside of 37.33% from the stock’s previous close.
Several other research firms also recently weighed in on EXPE. Royal Bank Of Canada restated an “outperform” rating and set a $175.00 target price (up from $160.00) on shares of Expedia in a report on Friday, July 28th. TheStreet upgraded shares of Expedia from a “c+” rating to a “b” rating in a report on Thursday, July 27th. Jefferies Group LLC restated a “hold” rating and set a $140.00 target price on shares of Expedia in a report on Sunday, July 30th. Credit Suisse Group set a $175.00 target price on shares of Expedia and gave the company a “buy” rating in a report on Saturday, July 29th. Finally, Stifel Nicolaus restated a “hold” rating and set a $160.00 target price (up from $135.00) on shares of Expedia in a report on Sunday, July 30th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Expedia presently has a consensus rating of “Buy” and an average price target of $159.61.
Expedia (NASDAQ:EXPE) traded down 2.92% during trading on Friday, reaching $120.18. 5,592,315 shares of the company were exchanged. The firm has a market capitalization of $18.22 billion, a PE ratio of 56.56 and a beta of 0.93. The stock has a 50 day moving average price of $145.77 and a 200 day moving average price of $145.51. Expedia has a 12 month low of $111.88 and a 12 month high of $161.00.
Expedia (NASDAQ:EXPE) last posted its earnings results on Thursday, October 26th. The online travel company reported $2.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.61 by ($0.10). Expedia had a net margin of 4.09% and a return on equity of 10.71%. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter last year, the business posted $2.41 earnings per share. The business’s revenue was up 14.9% compared to the same quarter last year. On average, analysts expect that Expedia will post $4.76 EPS for the current fiscal year.
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In other news, CEO Dara Khosrowshahi sold 86,228 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 518,576 shares of the company’s stock, valued at $79,922,933.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark D. Okerstrom sold 12,500 shares of the business’s 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 transaction, the executive vice president now directly owns 71,248 shares in the company, valued at $10,716,411.68. 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. Corporate insiders own 20.88% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. San Francisco Sentry Investment Group CA bought a new stake in shares of Expedia in the second quarter worth $102,000. Fiduciary Trust Co. bought a new stake in shares of Expedia in the second quarter worth $127,000. Sun Life Financial INC increased its stake in shares of Expedia by 10,987.5% in the second quarter. Sun Life Financial INC now owns 887 shares of the online travel company’s stock worth $132,000 after buying an additional 879 shares during the last quarter. Dupont Capital Management Corp bought a new stake in shares of Expedia in the second quarter worth $143,000. Finally, Pathstone Family Office LLC increased its stake in shares of Expedia by 15,833.3% in the second quarter. Pathstone Family Office LLC now owns 956 shares of the online travel company’s stock worth $143,000 after buying an additional 950 shares during the last quarter. 84.48% of the stock is currently owned by institutional investors and hedge funds.
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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