Argus Downgrades Expedia (EXPE) to Hold
Expedia (NASDAQ:EXPE) was downgraded by stock analysts at Argus from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
Other equities analysts have also issued reports about the stock. UBS restated a “buy” rating and issued a $170.00 price objective (down from $178.00) on shares of Expedia in a report on Friday, September 22nd. Oppenheimer reaffirmed a “buy” rating on shares of Expedia in a research note on Thursday, September 14th. Guggenheim reaffirmed 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. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $173.00 target price on shares of Expedia in a research note on Thursday, August 31st. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $190.00 target price on shares of Expedia in a research note on Monday, August 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Expedia currently has an average rating of “Buy” and a consensus price target of $159.61.
Expedia (EXPE) opened at $122.24 on Tuesday. Expedia has a twelve month low of $111.88 and a twelve month high of $161.00. The firm has a market cap of $18,681.32, a P/E ratio of 30.91, a P/E/G ratio of 1.91 and a beta of 0.89. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.60.
In other news, Director Dara Khosrowshahi sold 10,590 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $117.58, for a total transaction of $1,245,172.20. Following the completion of the sale, the director now owns 422,348 shares of the company’s stock, valued at $49,659,677.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Victor Kaufman sold 119,575 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $123.67, for a total transaction of $14,787,840.25. Following the sale, the insider now directly owns 169,575 shares of the company’s stock, valued at approximately $20,971,340.25. The disclosure for this sale can be found here. Insiders have sold 352,548 shares of company stock valued at $43,689,017 in the last three months. 20.88% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Burgundy Asset Management Ltd. boosted its holdings in Expedia by 3.9% during the third quarter. Burgundy Asset Management Ltd. now owns 292,996 shares of the online travel company’s stock worth $42,174,000 after purchasing an additional 10,929 shares during the last quarter. IFM Investors Pty Ltd acquired a new position in Expedia during the third quarter worth $486,000. Sterling Capital Management LLC boosted its holdings in Expedia by 25.5% during the third quarter. Sterling Capital Management LLC now owns 30,570 shares of the online travel company’s stock worth $4,400,000 after purchasing an additional 6,215 shares during the last quarter. Colony Group LLC boosted its holdings in Expedia by 30.4% during the third quarter. Colony Group LLC now owns 34,287 shares of the online travel company’s stock worth $4,935,000 after purchasing an additional 7,993 shares during the last quarter. Finally, Argent Capital Management LLC acquired a new position in Expedia during the third quarter worth $33,603,000. Institutional investors and hedge funds own 84.20% of the company’s stock.
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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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