Expedia (EXPE) Rating Lowered to Strong Sell at BidaskClub

Expedia (NASDAQ:EXPE) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Saturday.

A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research raised Expedia from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. J P Morgan Chase & Co decreased their target price on Expedia from $153.00 to $129.00 and set a “neutral” rating on the stock in a research report on Monday, October 30th. Cowen set a $135.00 target price on Expedia and gave the stock a “buy” rating in a research report on Sunday, October 29th. Credit Suisse Group set a $147.00 price objective on Expedia and gave the company a “hold” rating in a report on Friday, October 27th. Finally, Barclays decreased their price objective on Expedia from $170.00 to $155.00 and set an “overweight” rating on the stock in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. Expedia currently has an average rating of “Buy” and an average target price of $159.61.

Expedia (NASDAQ EXPE) traded up $0.20 during mid-day trading on Friday, reaching $122.70. The company had a trading volume of 1,761,098 shares, compared to its average volume of 2,437,319. Expedia has a fifty-two week low of $111.88 and a fifty-two week high of $161.00. The firm has a market capitalization of $18,650.87, a P/E ratio of 30.86, a PEG ratio of 1.91 and a beta of 0.89. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.60.

Expedia (NASDAQ:EXPE) last released its earnings results on Thursday, October 26th. The online travel company reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $2.61 by ($0.10). Expedia had a return on equity of 10.71% and a net margin of 4.09%. The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period last year, the business earned $2.41 earnings per share. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. research analysts predict that Expedia will post 3.91 EPS for the current fiscal year.

In related news, Vice Chairman Victor Kaufman sold 119,575 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $123.67, for a total value of $14,787,840.25. Following the completion of the transaction, the insider now owns 169,575 shares in the company, valued at approximately $20,971,340.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dara Khosrowshahi sold 10,590 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $117.58, for a total transaction of $1,245,172.20. Following the completion of the transaction, the director now owns 422,348 shares of the company’s stock, valued at approximately $49,659,677.84. The disclosure for this sale can be found here. Insiders sold a total of 352,548 shares of company stock valued at $43,689,017 in the last 90 days. 20.95% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Strs Ohio raised its position in shares of Expedia by 53.2% during the 2nd quarter. Strs Ohio now owns 6,458 shares of the online travel company’s stock valued at $961,000 after acquiring an additional 2,243 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Expedia by 0.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 20,687 shares of the online travel company’s stock valued at $3,081,000 after acquiring an additional 130 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Expedia by 2.1% during the 2nd quarter. CIBC Asset Management Inc now owns 18,510 shares of the online travel company’s stock valued at $2,757,000 after acquiring an additional 387 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Expedia by 16.6% during the 2nd quarter. Bessemer Group Inc. now owns 1,039 shares of the online travel company’s stock valued at $155,000 after acquiring an additional 148 shares during the last quarter. Finally, Korea Investment CORP raised its position in shares of Expedia by 2,911.8% during the 2nd quarter. Korea Investment CORP now owns 14,246 shares of the online travel company’s stock valued at $2,122,000 after acquiring an additional 13,773 shares during the last quarter. Hedge funds and other institutional investors own 84.14% of the company’s stock.

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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.

Analyst Recommendations for Expedia (NASDAQ:EXPE)

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