Royal Bank Of Canada Increases Expedia Inc. (EXPE) Price Target to $165.00
Expedia Inc. (NASDAQ:EXPE) had its target price raised by analysts at Royal Bank Of Canada from $160.00 to $165.00 in a report issued on Friday. The firm presently has an “outperform” rating on the online travel company’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 39.21% from the stock’s previous close.
Several other brokerages have also issued reports on EXPE. Barclays PLC raised their price objective on Expedia from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, July 29th. Deutsche Bank AG dropped their price objective on Expedia from $142.00 to $138.00 and set a “buy” rating on the stock in a report on Friday, July 29th. RBC Capital Markets reaffirmed a “buy” rating and set a $165.00 price objective on shares of Expedia in a report on Friday. Evercore ISI reaffirmed a “hold” rating and set a $125.00 price objective on shares of Expedia in a report on Tuesday, July 26th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $125.00 price objective on shares of Expedia in a report on Monday, August 1st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seventeen have issued a buy rating to the company. Expedia currently has a consensus rating of “Buy” and a consensus price target of $130.17.
Expedia (NASDAQ:EXPE) opened at 118.53 on Friday. The company has a 50-day moving average price of $112.66 and a 200-day moving average price of $110.94. Expedia has a 12-month low of $88.40 and a 12-month high of $140.51. The firm has a market cap of $17.75 billion, a PE ratio of 87.93 and a beta of 0.68.
Expedia (NASDAQ:EXPE) last posted its earnings results on Thursday, July 28th. The online travel company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.78 by $0.05. The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.25 billion. Expedia had a return on equity of 8.02% and a net margin of 2.33%. Expedia’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.89 earnings per share. On average, equities analysts predict that Expedia will post $4.92 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, August 25th were issued a dividend of $0.26 per share. This is a positive change from Expedia’s previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, August 23rd. This represents a $1.04 annualized dividend and a dividend yield of 0.88%. Expedia’s payout ratio is presently 72.73%.
In related news, Director Craig A. Jacobson sold 8,000 shares of Expedia stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $116.54, for a total transaction of $932,320.00. Following the transaction, the director now owns 40,896 shares in the company, valued at approximately $4,766,019.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lance A. Soliday sold 1,500 shares of Expedia stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $111.00, for a total transaction of $166,500.00. Following the transaction, the insider now owns 2,915 shares in the company, valued at approximately $323,565. The disclosure for this sale can be found here. Corporate insiders own 20.95% of the company’s stock.
Several institutional investors have recently bought and sold shares of EXPE. Geode Capital Management LLC raised 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 valued at $106,825,000 after buying an additional 15,880 shares during the last quarter. Calixto Global Investors LP raised 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 worth $30,114,000 after buying an additional 142,343 shares in the last quarter. Samlyn Capital LLC raised 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 worth $79,777,000 after buying an additional 304,877 shares in the last quarter. National Pension Service raised 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 worth $7,251,000 after buying an additional 2,858 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. raised 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 worth $235,000 after buying an additional 355 shares in the last quarter. Institutional investors and hedge funds own 82.00% of the company’s stock.
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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