Equities Analysts Set Expectations for Expedia, Inc.’s Q2 2017 Earnings (NASDAQ:EXPE)

Expedia, Inc. (NASDAQ:EXPE) – Investment analysts at Oppenheimer Holdings dropped their Q2 2017 earnings estimates for shares of Expedia in a report released on Wednesday. Oppenheimer Holdings analyst J. Kelly now anticipates that the online travel company will earn $0.70 per share for the quarter, down from their prior forecast of $0.75. Oppenheimer Holdings has a “Outperform” rating and a $175.00 price target on the stock. Oppenheimer Holdings also issued estimates for Expedia’s Q4 2017 earnings at $1.45 EPS, FY2017 earnings at $4.39 EPS and FY2018 earnings at $5.72 EPS.

EXPE has been the topic of several other reports. Deutsche Bank AG restated a “buy” rating and set a $158.00 target price (up from $138.00) on shares of Expedia in a report on Saturday, April 29th. MKM Partners reaffirmed a “buy” rating and issued a $165.00 price target (up from $145.00) on shares of Expedia in a research report on Monday, May 8th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $165.00 price target (up from $143.00) on shares of Expedia in a research report on Monday, May 1st. Stifel Nicolaus downgraded Expedia from a “buy” rating to a “hold” rating and raised their price target for the company from $133.00 to $135.00 in a research report on Friday, April 28th. They noted that the move was a valuation call. Finally, JMP Securities reaffirmed an “outperform” rating and issued a $155.00 price target (up from $142.00) on shares of Expedia in a research report on Tuesday, May 2nd. Seven investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. Expedia presently has an average rating of “Buy” and an average price target of $152.31.

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Expedia (NASDAQ EXPE) opened at 153.94 on Friday. The stock has a market cap of $23.24 billion, a P/E ratio of 78.14 and a beta of 0.93. The company has a 50-day moving average price of $149.35 and a 200-day moving average price of $133.22. Expedia has a one year low of $105.62 and a one year high of $156.39.

Expedia (NASDAQ:EXPE) last issued its earnings results on Thursday, April 27th. The online travel company reported ($0.15) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.15. Expedia had a return on equity of 11.01% and a net margin of 3.36%. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the prior year, the business earned $0.09 earnings per share. The company’s revenue was up 15.0% compared to the same quarter last year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. TNB Financial purchased a new position in Expedia during the first quarter worth about $4,178,000. Bank of Montreal Can boosted its position in Expedia by 122.9% in the first quarter. Bank of Montreal Can now owns 198,215 shares of the online travel company’s stock worth $25,010,000 after buying an additional 109,282 shares during the period. National Pension Service boosted its position in Expedia by 4.5% in the first quarter. National Pension Service now owns 112,070 shares of the online travel company’s stock worth $14,509,000 after buying an additional 4,825 shares during the period. Gulf International Bank UK Ltd boosted its position in Expedia by 1.1% in the first quarter. Gulf International Bank UK Ltd now owns 37,164 shares of the online travel company’s stock worth $4,688,000 after buying an additional 400 shares during the period. Finally, Creative Planning boosted its position in Expedia by 19.1% in the first quarter. Creative Planning now owns 10,412 shares of the online travel company’s stock worth $1,314,000 after buying an additional 1,667 shares during the period. Institutional investors own 80.87% of the company’s stock.

In other news, Director Susan C. Athey sold 670 shares of Expedia stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $138.59, for a total value of $92,855.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lance A. Soliday sold 2,544 shares of Expedia stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $142.30, for a total transaction of $362,011.20. Following the completion of the transaction, the insider now owns 4,815 shares of the company’s stock, valued at approximately $685,174.50. The disclosure for this sale can be found here. Insiders sold 38,043 shares of company stock valued at $5,330,777 in the last quarter. 20.95% of the stock is currently owned by corporate insiders.

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.