Expedia’s (EXPE) Neutral Rating Reaffirmed at MKM Partners
Expedia (NASDAQ:EXPE)‘s stock had its “neutral” rating reaffirmed by MKM Partners in a research report issued on Thursday. They presently have a $145.00 price target on the online travel company’s stock. MKM Partners’ target price would suggest a potential upside of 21.67% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the company. UBS reiterated a “buy” rating and issued a $170.00 price objective (down previously from $178.00) on shares of Expedia in a research note on Friday, September 22nd. Oppenheimer reiterated a “buy” rating on shares of Expedia in a research note on Thursday, September 14th. Guggenheim reiterated a “buy” rating and issued a $175.00 price objective (down previously from $190.00) on shares of Expedia in a research note on Thursday, September 7th. Piper Jaffray Companies reiterated a “buy” rating and issued a $173.00 price objective on shares of Expedia in a research note on Thursday, August 31st. Finally, SunTrust Banks reiterated a “buy” rating and issued a $190.00 price objective on shares of Expedia in a research note on Monday, August 28th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $158.99.
Expedia (NASDAQ:EXPE) opened at $119.17 on Thursday. Expedia has a twelve month low of $111.88 and a twelve month high of $161.00. The company has a market capitalization of $18,387.47, a PE ratio of 30.42, a P/E/G ratio of 1.88 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.
In other news, Director Dara Khosrowshahi sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $125.00, for a total value of $18,750,000.00. Following the transaction, the director now owns 522,348 shares of the company’s stock, valued at $65,293,500. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 directly owns 169,575 shares in the company, valued at approximately $20,971,340.25. The disclosure for this sale can be found here. In the last three months, insiders sold 352,548 shares of company stock worth $43,689,017. Corporate insiders own 20.95% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Expedia in the third quarter valued at approximately $101,000. San Francisco Sentry Investment Group CA acquired a new position in shares of Expedia in the second quarter valued at approximately $102,000. Fiduciary Trust Co. acquired a new position in shares of Expedia in the second quarter valued at approximately $127,000. Krilogy Financial LLC increased its holdings in shares of Expedia by 2,900.0% in the third quarter. Krilogy Financial LLC now owns 900 shares of the online travel company’s stock valued at $130,000 after purchasing an additional 870 shares during the period. Finally, Sun Life Financial INC boosted 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 valued at $132,000 after buying an additional 879 shares in the last quarter. 84.20% of the stock is currently owned by institutional investors and hedge funds.
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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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