Expedia (EXPE) Downgraded by Vetr

Expedia (NASDAQ:EXPE) was downgraded by stock analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Thursday. They currently have a $140.63 price target on the online travel company’s stock. Vetr‘s target price would suggest a potential upside of 11.49% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. Bank of America raised Expedia from a “neutral” rating to a “buy” rating in a report on Wednesday. Oppenheimer reaffirmed a “buy” rating on shares of Expedia in a report on Wednesday, December 20th. MKM Partners reaffirmed a “neutral” rating and issued a $145.00 price objective (down from $170.00) on shares of Expedia in a report on Thursday, December 7th. Argus lowered Expedia from a “buy” rating to a “hold” rating and set a $178.00 price target on the stock. in a research note on Tuesday, December 5th. Finally, BidaskClub lowered Expedia from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $159.50.

Shares of Expedia (NASDAQ EXPE) traded up $0.97 during midday trading on Thursday, reaching $126.14. The company’s stock had a trading volume of 2,212,688 shares, compared to its average volume of 1,850,000. The firm has a market cap of $19,240.00, a PE ratio of 49.86, a PEG ratio of 1.66 and a beta of 0.89. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.72 and a quick ratio of 0.72. Expedia has a 52-week low of $112.70 and a 52-week high of $161.00.

Expedia (NASDAQ:EXPE) last announced its quarterly earnings data 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). The company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.98 billion. Expedia had a net margin of 4.09% and a return on equity of 10.71%. Expedia’s revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.41 earnings per share. equities research analysts expect that Expedia will post 3.91 earnings per share for the current fiscal year.

In related news, insider Lance A. Soliday sold 2,401 shares of the business’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $120.37, for a total transaction of $289,008.37. Following the sale, the insider now owns 5,744 shares in the company, valued at approximately $691,405.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Victor Kaufman sold 119,575 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $123.67, for a total value of $14,787,840.25. Following the sale, the insider now owns 169,575 shares in the company, valued at approximately $20,971,340.25. The disclosure for this sale can be found here. Insiders have sold a total of 354,949 shares of company stock worth $43,978,025 in the last 90 days. 20.95% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of EXPE. Fuller & Thaler Asset Management Inc. acquired a new position in Expedia during the 3rd quarter worth about $101,000. San Francisco Sentry Investment Group CA acquired a new position in Expedia during the 2nd quarter worth about $102,000. Fiduciary Trust Co. acquired a new position in Expedia during the 2nd quarter worth about $127,000. Krilogy Financial LLC lifted its holdings in Expedia by 2,900.0% during the 3rd quarter. Krilogy Financial LLC now owns 900 shares of the online travel company’s stock worth $130,000 after buying an additional 870 shares during the period. Finally, Sun Life Financial INC lifted its holdings in Expedia by 10,987.5% during the 2nd 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 period. Institutional investors and hedge funds own 84.04% of the company’s stock.

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About Expedia

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Expedia (NASDAQ:EXPE)

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