Expedia’s (EXPE) “Buy” Rating Reaffirmed at RBC Capital Markets
Expedia Inc. (NASDAQ:EXPE)‘s stock had its “buy” rating restated by stock analysts at RBC Capital Markets in a research note issued to investors on Friday. They presently have a $165.00 price objective on the online travel company’s stock. RBC Capital Markets’ target price points to a potential upside of 39.21% from the company’s previous close.
Several other research analysts have also recently issued reports on EXPE. Atlantic Securities upgraded shares of Expedia from a “neutral” rating to an “overweight” rating and set a $130.00 price objective for the company in a report on Monday, June 20th. Jefferies Group reiterated a “hold” rating and issued a $125.00 price objective on shares of Expedia in a report on Monday, June 27th. Zacks Investment Research upgraded shares of Expedia from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a report on Wednesday, June 29th. Barclays PLC reiterated an “overweight” rating and issued a $120.00 price objective on shares of Expedia in a report on Thursday, June 30th. Finally, Cantor Fitzgerald reiterated a “buy” rating on shares of Expedia in a report on Sunday, July 10th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. Expedia has a consensus rating of “Buy” and a consensus price target of $130.17.
Shares of Expedia (NASDAQ:EXPE) opened at 118.53 on Friday. The stock has a market capitalization of $17.75 billion, a PE ratio of 87.93 and a beta of 0.68. Expedia has a 1-year low of $88.40 and a 1-year high of $140.51. The firm has a 50-day moving average of $112.66 and a 200 day moving average of $110.94.
Expedia (NASDAQ:EXPE) last posted its earnings results on Thursday, July 28th. The online travel company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.78 by $0.05. Expedia had a net margin of 2.33% and a return on equity of 8.02%. The firm earned $2.92 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter in the prior year, the firm earned $0.89 EPS. Expedia’s quarterly revenue was up 32.1% on a year-over-year basis. On average, equities analysts anticipate that Expedia will post $4.92 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, August 25th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.88%. This is an increase from Expedia’s previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, August 23rd. Expedia’s dividend payout ratio (DPR) is presently 72.73%.
In other news, insider Lance A. Soliday sold 1,500 shares of the firm’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $111.00, for a total transaction of $166,500.00. Following the completion of the transaction, the insider now directly owns 2,915 shares of the company’s stock, valued at approximately $323,565. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Craig A. Jacobson sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $116.54, for a total transaction of $932,320.00. Following the transaction, the director now directly owns 40,896 shares of the company’s stock, valued at $4,766,019.84. The disclosure for this sale can be found here. Insiders own 20.95% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in EXPE. Geode Capital Management LLC increased its position in Expedia by 1.6% in the first quarter. Geode Capital Management LLC now owns 992,731 shares of the online travel company’s stock worth $106,825,000 after buying an additional 15,880 shares during the last quarter. Calixto Global Investors LP increased its position in shares of Expedia by 103.9% in the first quarter. Calixto Global Investors LP now owns 279,307 shares of the online travel company’s stock valued at $30,114,000 after buying an additional 142,343 shares in the last quarter. Samlyn Capital LLC increased its position in shares of Expedia by 70.1% in the first quarter. Samlyn Capital LLC now owns 739,912 shares of the online travel company’s stock valued at $79,777,000 after buying an additional 304,877 shares in the last quarter. National Pension Service increased its position in shares of Expedia by 4.4% in the first quarter. National Pension Service now owns 67,254 shares of the online travel company’s stock valued at $7,251,000 after buying an additional 2,858 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. increased its position in shares of Expedia by 19.2% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,207 shares of the online travel company’s stock valued at $235,000 after buying an additional 355 shares in the last quarter. 82.00% of the stock is owned by institutional investors.
Expedia, Inc is an online travel company. The Company makes travel products and services available, on a standalone and package basis, provided by various lodging properties, airlines, car rental companies, destination service providers, cruise lines and other travel product and service companies. Its Core OTA segment provides a range of travel and advertising services, 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, Venere, Wotif Group, CarRentals.com, and Classic Vacations.
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