Expedia (EXPE) PT Raised to $180.00

Expedia (NASDAQ:EXPE) had its price target lifted by research analysts at SunTrust Banks to $180.00 in a report issued on Friday, The Fly reports. The firm presently has a “buy” rating on the online travel company’s stock. SunTrust Banks’ price target points to a potential upside of 39.09% from the stock’s current price. The analysts noted that the move was a valuation call.

Several other research analysts have also recently issued reports on the company. Cowen set a $135.00 price target on Expedia and gave the stock a “buy” rating in a research note on Sunday, October 29th. Stifel Nicolaus decreased their price target on Expedia from $160.00 to $140.00 and set a “hold” rating for the company in a research note on Friday, October 27th. Needham & Company LLC reissued a “buy” rating and issued a $180.00 price target on shares of Expedia in a research note on Thursday, September 28th. Oppenheimer restated a “buy” rating on shares of Expedia in a report on Wednesday, December 20th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $155.00 target price (down from $175.00) on shares of Expedia in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $159.18.

Expedia (NASDAQ:EXPE) traded up $2.23 on Friday, reaching $129.41. The company’s stock had a trading volume of 2,483,300 shares, compared to its average volume of 1,830,262. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.60. The stock has a market cap of $19,840.00, a PE ratio of 51.15, a price-to-earnings-growth ratio of 1.74 and a beta of 0.89. Expedia has a 52 week low of $115.55 and a 52 week high of $161.00.

Expedia (NASDAQ:EXPE) last announced its earnings results on Thursday, October 26th. The online travel company reported $2.51 earnings per share (EPS) for the quarter, missing the Zacks’ 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 during the quarter, compared to analyst estimates of $2.98 billion. During the same period in the previous year, the company earned $2.41 earnings per share. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. equities research analysts predict that Expedia will post 3.91 EPS for the current year.

In other Expedia news, Director Dara Khosrowshahi sold 10,590 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $117.58, for a total value of $1,245,172.20. Following the transaction, the director now directly owns 422,348 shares in the company, valued at $49,659,677.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lance A. Soliday sold 2,401 shares of the 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 completion of the sale, the insider now directly owns 5,744 shares of the company’s stock, valued at $691,405.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 354,949 shares of company stock worth $43,978,025. Insiders own 20.88% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of EXPE. Gerstein Fisher grew its holdings in shares of Expedia by 1.7% during the third quarter. Gerstein Fisher now owns 7,490 shares of the online travel company’s stock worth $881,000 after buying an additional 124 shares in the last quarter. Natixis Asset Management raised its holdings in Expedia by 19.9% in the third quarter. Natixis Asset Management now owns 4,952 shares of the online travel company’s stock valued at $583,000 after acquiring an additional 823 shares in the last quarter. Reynolds Capital Management raised its holdings in Expedia by 103.8% in the fourth quarter. Reynolds Capital Management now owns 5,300 shares of the online travel company’s stock valued at $659,000 after acquiring an additional 2,700 shares in the last quarter. Creative Planning increased its stake in Expedia by 59.4% in the fourth quarter. Creative Planning now owns 2,798 shares of the online travel company’s stock valued at $348,000 after purchasing an additional 1,043 shares during the last quarter. Finally, ExxonMobil Investment Management increased its stake in Expedia by 14.9% in the fourth quarter. ExxonMobil Investment Management now owns 26,380 shares of the online travel company’s stock valued at $3,279,000 after purchasing an additional 3,413 shares during the last quarter. 84.04% of the stock is owned by institutional investors.

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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.

The Fly

Analyst Recommendations for Expedia (NASDAQ:EXPE)