Expedia (EXPE) Given a $125.00 Price Target by Cowen Analysts

Expedia (NASDAQ:EXPE) has been given a $125.00 price objective by analysts at Cowen in a research note issued to investors on Friday. The firm presently has a “buy” rating on the online travel company’s stock. Cowen’s price target indicates a potential upside of 20.19% from the stock’s previous close.

Several other analysts have also issued reports on the stock. SunTrust Banks reiterated a “buy” rating and issued a $165.00 target price on shares of Expedia in a research report on Friday. Bank of America dropped their target price on shares of Expedia from $145.00 to $138.00 and set a “buy” rating on the stock in a research report on Friday. Morgan Stanley dropped their target price on shares of Expedia from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday. Stifel Nicolaus reiterated a “hold” rating and issued a $112.00 target price (down previously from $140.00) on shares of Expedia in a research report on Friday. Finally, Credit Suisse Group set a $132.00 target price on shares of Expedia and gave the company a “buy” rating in a research report on Friday. Ten analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $150.60.

Expedia (NASDAQ EXPE) opened at $104.00 on Friday. Expedia has a fifty-two week low of $98.52 and a fifty-two week high of $161.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market cap of $18,731.56, a price-to-earnings ratio of 43.88, a price-to-earnings-growth ratio of 1.66 and a beta of 0.89.

Expedia (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, February 8th. The online travel company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.31). Expedia had a net margin of 3.76% and a return on equity of 9.75%. The firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the previous year, the firm posted $1.17 EPS. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. equities research analysts expect that Expedia will post 4.43 EPS for the current fiscal year.

In other Expedia news, Director Dara Khosrowshahi sold 150,000 shares of the business’s 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 transaction, the director now directly owns 522,348 shares in the company, valued at approximately $65,293,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lance A. Soliday sold 2,401 shares of the business’s stock in a transaction dated 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. Insiders own 20.95% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Sentry Investment Management LLC boosted its holdings in Expedia by 1.1% in the 2nd 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 last quarter. Eqis Capital Management Inc. boosted its holdings in Expedia by 12.3% in the 3rd quarter. Eqis Capital Management Inc. now owns 3,433 shares of the online travel company’s stock valued at $494,000 after purchasing an additional 376 shares during the last quarter. New Mexico Educational Retirement Board boosted its holdings in Expedia by 3.5% in the 4th quarter. New Mexico Educational Retirement Board now owns 11,728 shares of the online travel company’s stock valued at $1,405,000 after purchasing an additional 400 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Expedia by 2.3% in the 3rd quarter. CIBC Asset Management Inc now owns 18,940 shares of the online travel company’s stock valued at $2,726,000 after purchasing an additional 430 shares during the last quarter. Finally, Dupont Capital Management Corp boosted its holdings in Expedia by 90.9% in the 4th 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 during the last quarter. 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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