Expedia, Inc. (NASDAQ:EXPE) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Tuesday, July 25th.
Several other research analysts have also recently weighed in on EXPE. Credit Suisse Group set a $151.00 price target on shares of Expedia and gave the stock a “buy” rating in a research note on Sunday, April 30th. Oppenheimer Holdings, Inc. lifted their price target on shares of Expedia from $150.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 19th. Zacks Investment Research cut shares of Expedia from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Jefferies Group LLC reiterated a “hold” rating and set a $135.00 price target on shares of Expedia in a research note on Wednesday, March 29th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $144.00 price target on shares of Expedia in a research note on Wednesday, March 29th. Seven research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $159.73.
Shares of Expedia (NASDAQ:EXPE) opened at 151.35 on Tuesday. The firm’s 50 day moving average price is $151.40 and its 200 day moving average price is $135.62. The stock has a market cap of $22.95 billion, a P/E ratio of 71.22 and a beta of 0.92. Expedia has a 52-week low of $105.62 and a 52-week high of $161.00.
Expedia (NASDAQ:EXPE) last posted its earnings results on Thursday, July 27th. The online travel company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by $0.05. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. Expedia had a return on equity of 10.98% and a net margin of 3.49%. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period last year, the firm posted $0.83 EPS. On average, analysts expect that Expedia will post $5.11 EPS for the current year.
In related news, insider Lance A. Soliday sold 2,544 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $142.30, for a total transaction of $362,011.20. Following the transaction, the insider now directly owns 4,815 shares in the company, valued at approximately $685,174.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Craig A. Jacobson sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $139.95, for a total transaction of $419,850.00. Following the transaction, the director now owns 30,496 shares in the company, valued at $4,267,915.20. The disclosure for this sale can be found here. Insiders have sold a total of 91,772 shares of company stock worth $14,071,321 over the last quarter. 20.95% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. Cleararc Capital Inc. increased its position in shares of Expedia by 0.5% in the first quarter. Cleararc Capital Inc. now owns 2,948 shares of the online travel company’s stock valued at $372,000 after buying an additional 16 shares during the last quarter. S&CO Inc. boosted its stake in shares of Expedia by 0.5% in the first quarter. S&CO Inc. now owns 4,350 shares of the online travel company’s stock valued at $549,000 after buying an additional 20 shares during the last quarter. Blair William & Co. IL boosted its stake in shares of Expedia by 0.6% in the second quarter. Blair William & Co. IL now owns 4,998 shares of the online travel company’s stock valued at $744,000 after buying an additional 30 shares during the last quarter. Rice Hall James & Associates LLC boosted its stake in shares of Expedia by 3.0% in the first quarter. Rice Hall James & Associates LLC now owns 1,430 shares of the online travel company’s stock valued at $180,000 after buying an additional 41 shares during the last quarter. Finally, Stephens Inc. AR boosted its stake in Expedia by 1.9% in the first quarter. Stephens Inc. AR now owns 2,875 shares of the online travel company’s stock worth $363,000 after buying an additional 53 shares during the last quarter. 80.92% of the stock is owned by institutional investors.
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.
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