Expedia, Inc. (NASDAQ:EXPE)‘s stock had its “buy” rating reaffirmed by stock analysts at Royal Bank Of Canada in a note issued to investors on Friday.
Several other research firms have also issued reports on EXPE. Zacks Investment Research raised shares of Expedia from a “hold” rating to a “buy” rating and set a $174.00 price target on the stock in a research report on Friday, July 21st. Credit Suisse Group reissued an “outperform” rating and issued a $162.00 price target (up previously from $151.00) on shares of Expedia in a research report on Tuesday. They noted that the move was a valuation call. BidaskClub lowered shares of Expedia from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Deutsche Bank AG reissued a “buy” rating and issued a $175.00 price target (up previously from $158.00) on shares of Expedia in a research report on Wednesday. Finally, Cantor Fitzgerald reissued a “hold” rating on shares of Expedia in a research report on Monday, June 26th. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $155.06.
Expedia (EXPE) opened at 159.50 on Friday. Expedia has a one year low of $105.62 and a one year high of $161.00. The company has a market capitalization of $24.08 billion, a PE ratio of 80.96 and a beta of 0.93. The stock’s 50 day moving average is $150.79 and its 200 day moving average is $134.84.
Expedia (NASDAQ:EXPE) last released its earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by $0.05. The company had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Expedia had a net margin of 3.49% and a return on equity of 11.37%. The firm’s revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 earnings per share. On average, analysts anticipate that Expedia will post $5.29 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “Expedia’s (NASDAQ:EXPE) “Buy” Rating Reiterated at Royal Bank Of Canada” was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this piece on another site, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://stocknewstimes.com/2017/07/29/expedias-nasdaqexpe-buy-rating-reiterated-at-royal-bank-of-canada.html.
In other news, Director Susan C. Athey sold 670 shares of the company’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $138.59, for a total value of $92,855.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert J. Dzielak sold 31,829 shares of the company’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $140.00, for a total transaction of $4,456,060.00. Following the completion of the sale, the executive vice president now directly owns 33,606 shares of the company’s stock, valued at approximately $4,704,840. The disclosure for this sale can be found here. Insiders sold a total of 38,043 shares of company stock valued at $5,330,777 in the last ninety days. 20.95% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Expedia by 3.0% in the first quarter. Vanguard Group Inc. now owns 11,616,561 shares of the online travel company’s stock worth $1,465,661,000 after buying an additional 342,485 shares during the period. BlackRock Inc. boosted its stake in shares of Expedia by 3,458.6% in the first quarter. BlackRock Inc. now owns 7,832,689 shares of the online travel company’s stock worth $988,252,000 after buying an additional 7,612,585 shares during the period. Wellington Management Group LLP boosted its stake in shares of Expedia by 14.6% in the first quarter. Wellington Management Group LLP now owns 6,000,184 shares of the online travel company’s stock worth $757,042,000 after buying an additional 764,343 shares during the period. Jennison Associates LLC boosted its stake in shares of Expedia by 39.9% in the first quarter. Jennison Associates LLC now owns 3,397,821 shares of the online travel company’s stock worth $428,703,000 after buying an additional 968,772 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Expedia by 30.4% in the first quarter. Ameriprise Financial Inc. now owns 2,312,604 shares of the online travel company’s stock worth $291,782,000 after buying an additional 539,205 shares during the period. 80.96% of the stock is owned by institutional investors.
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.
Receive News & Ratings for Expedia Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expedia Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
