KeyCorp Cuts Expedia (EXPE) Price Target to $125.00

Expedia (NASDAQ:EXPE) had its price target cut by analysts at KeyCorp from $150.00 to $125.00 in a report released on Friday. The firm presently has an “overweight” rating on the online travel company’s stock. KeyCorp’s price target would suggest a potential upside of 20.19% from the company’s current price.

A number of other brokerages have also recently issued reports on EXPE. BidaskClub cut shares of Expedia from a “sell” rating to a “strong sell” rating in a report on Saturday, December 2nd. Argus cut shares of Expedia from a “buy” rating to a “hold” rating and set a $178.00 target price on the stock. in a report on Tuesday, December 5th. SunTrust Banks upped their target price on shares of Expedia to $180.00 and gave the company a “buy” rating in a report on Friday, January 12th. They noted that the move was a valuation call. UBS Group reaffirmed a “buy” rating and issued a $154.00 target price (down from $170.00) on shares of Expedia in a report on Friday, October 27th. Finally, Bank of America raised shares of Expedia from a “neutral” rating to a “buy” rating in a report on Wednesday, January 3rd. Ten research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. Expedia currently has a consensus rating of “Buy” and an average price target of $150.60.

Shares of Expedia (NASDAQ:EXPE) traded down $19.03 during mid-day trading on Friday, hitting $104.00. 17,153,735 shares of the stock were exchanged, compared to its average volume of 2,020,000. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market cap of $13,410.00, a PE ratio of 43.70, a price-to-earnings-growth ratio of 1.66 and a beta of 0.89. Expedia has a 12 month low of $98.52 and a 12 month high of $161.00.

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

In related news, insider Lance A. Soliday sold 2,401 shares of the stock in a transaction that occurred 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 sale, the insider now owns 5,744 shares in the company, valued at approximately $691,405.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dara Khosrowshahi sold 150,000 shares of the stock in a transaction that occurred 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 sale, the director now owns 522,348 shares in the company, valued at approximately $65,293,500. The disclosure for this sale can be found here. Company insiders own 20.95% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Douglas Lane & Associates LLC boosted its position in Expedia by 26.6% in the fourth quarter. Douglas Lane & Associates LLC now owns 313,239 shares of the online travel company’s stock valued at $37,517,000 after buying an additional 65,821 shares in the last quarter. Pinebridge Investments L.P. acquired a new stake in Expedia in the third quarter valued at approximately $840,000. Teacher Retirement System of Texas boosted its position in Expedia by 1,169.4% in the third quarter. Teacher Retirement System of Texas now owns 42,487 shares of the online travel company’s stock valued at $6,116,000 after buying an additional 39,140 shares in the last quarter. Boyd Watterson Asset Management LLC OH boosted its position in Expedia by 23.3% in the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 10,279 shares of the online travel company’s stock valued at $1,231,000 after buying an additional 1,940 shares in the last quarter. Finally, Stevens Capital Management LP acquired a new stake in Expedia in the third quarter valued at approximately $4,408,000. Hedge funds and other 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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