Expedia (EXPE) Price Target Cut to $150.00 by Analysts at Morgan Stanley

Expedia (NASDAQ:EXPE) had its price objective dropped by equities research analysts at Morgan Stanley from $160.00 to $150.00 in a report released on Friday. The firm presently has an “overweight” rating on the online travel company’s stock. Morgan Stanley’s price objective suggests a potential upside of 44.23% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Wells Fargo & Co reaffirmed a “buy” rating and set a $130.00 price objective on shares of Expedia in a report on Friday. Piper Jaffray Companies upped their price objective on shares of Expedia to $135.00 and gave the company an “overweight” rating in a report on Friday. Benchmark downgraded shares of Expedia from a “buy” rating to a “hold” rating in a report on Friday. Needham & Company LLC downgraded shares of Expedia from a “buy” rating to a “hold” rating in a report on Friday. Finally, KeyCorp dropped their price objective on shares of Expedia from $150.00 to $125.00 and set an “overweight” rating on the stock in a report on Friday. Ten investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Expedia currently has an average rating of “Buy” and an average price target of $150.92.

Expedia (EXPE) traded down $19.03 on Friday, reaching $104.00. 17,154,668 shares of the company traded hands, compared to its average volume of 2,675,549. The company has a market capitalization of $18,760.00, a price-to-earnings ratio of 41.11, a P/E/G ratio of 1.75 and a beta of 0.89. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.72 and a current ratio of 0.72. Expedia has a one year low of $98.52 and a one year high of $161.00.

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

In other news, Director Dara Khosrowshahi sold 150,000 shares of the stock in a transaction dated 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 sale, the director now directly owns 522,348 shares of the company’s stock, valued at $65,293,500. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Lance A. Soliday sold 2,401 shares of the stock in a transaction dated 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 in the company, valued at $691,405.28. The disclosure for this sale can be found here. Corporate insiders own 20.95% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. purchased a new stake in Expedia in the third quarter valued at approximately $101,000. Dupont Capital Management Corp raised its stake in 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 purchasing an additional 498 shares in the last quarter. Krilogy Financial LLC raised its stake in 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 in the last quarter. Palisade Capital Management LLC NJ purchased a new stake in Expedia in the third quarter valued at approximately $216,000. Finally, Hyman Charles D purchased a new stake in Expedia in the fourth quarter valued at approximately $216,000. 83.05% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Expedia (NASDAQ:EXPE)

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