Expedia, Inc. to Post FY2017 Earnings of $3.87 Per Share, Oppenheimer Forecasts (EXPE)

Expedia, Inc. (NASDAQ:EXPE) – Analysts at Oppenheimer decreased their FY2017 earnings per share (EPS) estimates for Expedia in a research note issued on Tuesday. Oppenheimer analyst J. Kelly now forecasts that the online travel company will earn $3.87 per share for the year, down from their prior estimate of $3.97. Oppenheimer currently has a “Buy” rating on the stock. Oppenheimer also issued estimates for Expedia’s Q4 2017 earnings at $0.94 EPS.

Other equities research analysts have also recently issued reports about the stock. Cowen set a $135.00 price objective on shares of Expedia and gave the stock a “buy” rating in a research report on Sunday, October 29th. Deutsche Bank reiterated a “buy” rating and set a $171.00 price target (down from $175.00) on shares of Expedia in a research note on Tuesday, October 24th. SunTrust Banks reiterated a “buy” rating and set a $190.00 price target on shares of Expedia in a research note on Monday, October 23rd. KeyCorp reiterated a “buy” rating and set a $178.00 price target on shares of Expedia in a research note on Tuesday, October 17th. Finally, UBS Group reiterated a “buy” rating and set a $154.00 price target (down from $170.00) on shares of Expedia in a research note on Friday, October 27th. Nine investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Expedia currently has an average rating of “Buy” and a consensus price target of $158.62.

Shares of Expedia (NASDAQ EXPE) opened at $127.28 on Wednesday. The stock has a market cap of $19,039.11, a price-to-earnings ratio of 50.31, a PEG ratio of 1.68 and a beta of 0.89. Expedia has a 1 year low of $115.55 and a 1 year high of $161.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.72 and a current ratio of 0.72.

In other Expedia news, Director Dara Khosrowshahi sold 150,000 shares of Expedia stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $125.00, for a total value of $18,750,000.00. Following the transaction, the director now directly owns 522,348 shares in the company, valued at $65,293,500. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Lance A. Soliday sold 2,401 shares of Expedia stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $120.37, for a total transaction of $289,008.37. Following the completion of the transaction, the insider now owns 5,744 shares in the company, valued at $691,405.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 162,991 shares of company stock worth $20,284,181. 20.88% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sentry Investment Management LLC increased its stake in Expedia by 1.1% in the second quarter. Sentry Investment Management LLC now owns 7,502 shares of the online travel company’s stock valued at $1,117,000 after purchasing an additional 82 shares during the period. Linscomb & Williams Inc. boosted its holdings in shares of Expedia by 9.1% in the second quarter. Linscomb & Williams Inc. now owns 1,893 shares of the online travel company’s stock valued at $282,000 after acquiring an additional 158 shares in the last quarter. Eqis Capital Management Inc. boosted its holdings in shares of Expedia by 12.3% in the third quarter. Eqis Capital Management Inc. now owns 3,433 shares of the online travel company’s stock valued at $494,000 after acquiring an additional 376 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Expedia by 2.3% in the third quarter. CIBC Asset Management Inc now owns 18,940 shares of the online travel company’s stock valued at $2,726,000 after acquiring an additional 430 shares in the last quarter. Finally, Dupont Capital Management Corp boosted its holdings in shares of Expedia by 90.9% in the fourth quarter. Dupont Capital Management Corp now owns 1,046 shares of the online travel company’s stock valued at $125,000 after acquiring an additional 498 shares in the last quarter. Institutional investors own 83.05% 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.

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