JPMorgan Chase & Co. Lowers Expedia (EXPE) Price Target to $115.00

Expedia (NASDAQ:EXPE) had its price target cut by stock analysts at JPMorgan Chase & Co. from $129.00 to $115.00 in a research report issued to clients and investors on Monday. The firm currently has a “neutral” rating on the online travel company’s stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 11.85% from the company’s current price.

Several other brokerages have also recently issued reports on EXPE. Bank of America cut their price target on Expedia from $145.00 to $138.00 and set a “buy” rating for the company in a research note on Friday. Cowen set a $125.00 price target on Expedia and gave the company a “buy” rating in a research note on Friday. TheStreet cut Expedia from a “b” rating to a “c+” rating in a research note on Thursday. Wells Fargo & Co reiterated a “buy” rating and issued a $130.00 price target on shares of Expedia in a research note on Friday. Finally, Needham & Company LLC cut Expedia from a “buy” rating to a “hold” rating in a research note on Friday. Ten investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Expedia has an average rating of “Buy” and an average target price of $150.15.

Shares of Expedia (EXPE) traded down $1.18 during trading hours on Monday, hitting $102.82. The stock had a trading volume of 4,814,096 shares, compared to its average volume of 2,560,000. Expedia has a 12 month low of $98.52 and a 12 month high of $161.00. The company has a market capitalization of $15,680.00, a PE ratio of 43.20, a PEG ratio of 1.41 and a beta of 0.89. The company has a current ratio of 0.70, a quick ratio of 0.72 and a debt-to-equity ratio of 0.61.

Expedia (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, February 8th. The online travel company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.31). Expedia had a return on equity of 9.66% and a net margin of 3.76%. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the firm earned $1.17 EPS. The company’s revenue was up 10.8% on a year-over-year basis. analysts forecast that Expedia will post 4.43 earnings per share for the current year.

In related news, insider Lance A. Soliday sold 2,401 shares of the business’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $120.37, for a total value of $289,008.37. Following the sale, the insider now owns 5,744 shares of the company’s stock, valued at $691,405.28. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Dara Khosrowshahi sold 150,000 shares of the business’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 completion of the sale, the director now directly owns 522,348 shares in the company, valued at approximately $65,293,500. The disclosure for this sale can be found here. Insiders own 20.88% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Expedia in the third quarter worth $101,000. Krilogy Financial LLC grew 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 worth $130,000 after purchasing an additional 870 shares during the last quarter. Dupont Capital Management Corp grew 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 worth $125,000 after purchasing an additional 498 shares during the last quarter. Palisade Capital Management LLC NJ bought a new stake in shares of Expedia in the third quarter worth $216,000. Finally, Zeke Capital Advisors LLC bought a new stake in shares of Expedia in the third quarter worth $227,000. 82.50% of the stock is currently owned by 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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