Expedia (EXPE) Given Buy Rating at SunTrust Banks

Expedia (NASDAQ:EXPE)‘s stock had its “buy” rating reaffirmed by SunTrust Banks in a research report issued on Friday. They currently have a $165.00 price objective on the online travel company’s stock. SunTrust Banks’ price target would suggest a potential upside of 58.65% from the company’s current price.

Other equities research analysts have also issued reports about the company. Deutsche Bank reiterated a “buy” rating and set a $171.00 price objective (down from $175.00) on shares of Expedia in a research note on Tuesday, October 24th. KeyCorp reiterated a “buy” rating and set a $178.00 price objective on shares of Expedia in a research note on Tuesday, October 17th. Cowen set a $158.00 price objective on Expedia and gave the stock a “buy” rating in a research note on Thursday, October 12th. UBS Group reiterated a “buy” rating and set a $154.00 price objective (down from $170.00) on shares of Expedia in a research note on Friday, October 27th. Finally, Citigroup reiterated a “buy” rating and set a $170.00 price objective (down from $180.00) on shares of Expedia in a research note on Friday, October 27th. Ten research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $150.92.

Expedia (NASDAQ EXPE) traded down $19.03 during midday trading on Friday, reaching $104.00. The company had a trading volume of 17,153,736 shares, compared to its average volume of 2,675,485. Expedia has a 12 month low of $98.52 and a 12 month high of $161.00. 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 firm has a market cap of $18,760.00, a PE ratio of 41.11, a price-to-earnings-growth ratio of 1.75 and a beta of 0.89.

Expedia (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, February 8th. The online travel company reported $0.84 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by ($0.31). Expedia had a return on equity of 10.71% and a net margin of 4.09%. The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter last year, the firm posted $1.17 earnings per share. Expedia’s quarterly revenue was up 10.8% on a year-over-year basis. equities analysts anticipate that Expedia will post 3.88 EPS for the current fiscal year.

In other Expedia news, Director Dara Khosrowshahi sold 150,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $125.00, for a total transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lance A. Soliday sold 2,401 shares of the company’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $120.37, for a total value of $289,008.37. Following 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. 20.95% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Expedia in the third quarter valued at $101,000. Dupont Capital Management Corp raised its stake 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. Krilogy Financial LLC raised its stake 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 acquiring an additional 870 shares in the last quarter. Palisade Capital Management LLC NJ acquired a new stake in shares of Expedia in the third quarter valued at $216,000. Finally, Hyman Charles D acquired a new stake in shares of Expedia in the fourth quarter valued at $216,000. Institutional investors own 83.05% of the company’s stock.

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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.

Analyst Recommendations for Expedia (NASDAQ:EXPE)

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