Expedia Inc. (EXPE) Rating Increased to Hold at Stifel Nicolaus
Expedia Inc. (NASDAQ:EXPE) was upgraded by Stifel Nicolaus from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday. The brokerage presently has a $130.00 target price on the online travel company’s stock, up from their prior target price of $116.00. Stifel Nicolaus’ target price suggests a potential upside of 7.26% from the company’s current price.
Several other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Expedia from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Royal Bank Of Canada lifted their target price on shares of Expedia from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, October 7th. RBC Capital Markets reiterated an “outperform” rating and issued a $160.00 target price (down previously from $165.00) on shares of Expedia in a research report on Sunday, July 31st. Susquehanna assumed coverage on shares of Expedia in a research report on Wednesday, October 19th. They issued a “positive” rating and a $160.00 target price on the stock. Finally, Evercore ISI restated a “hold” rating and set a $125.00 price target on shares of Expedia in a research report on Tuesday, July 26th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $133.74.
Shares of Expedia (NASDAQ:EXPE) opened at 121.20 on Thursday. The stock has a market capitalization of $18.18 billion, a price-to-earnings ratio of 96.34 and a beta of 0.77. Expedia has a 52-week low of $88.40 and a 52-week high of $133.55. The company has a 50-day moving average of $121.73 and a 200-day moving average of $114.05.
Expedia (NASDAQ:EXPE) last announced its earnings results on Thursday, October 27th. The online travel company reported $2.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.24 by $0.17. Expedia had a net margin of 2.11% and a return on equity of 10.39%. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter last year, the business earned $2.07 earnings per share. The company’s revenue for the quarter was up 33.2% compared to the same quarter last year. Equities research analysts anticipate that Expedia will post $4.76 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Tuesday, November 15th. Expedia’s dividend payout ratio is currently 92.86%.
In related news, Director Craig A. Jacobson sold 8,000 shares of the 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 completion of the sale, the director now owns 40,896 shares in the company, valued at approximately $4,766,019.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Lance A. Soliday sold 1,500 shares of the stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $111.00, for a total transaction of $166,500.00. Following the sale, the insider now owns 2,915 shares of the company’s stock, valued at approximately $323,565. The disclosure for this sale can be found here. Corporate insiders own 20.95% of the company’s stock.
A number of hedge funds have recently modified their holdings of EXPE. JPMorgan Chase & Co. boosted its stake in Expedia by 13.3% in the second quarter. JPMorgan Chase & Co. now owns 4,092,152 shares of the online travel company’s stock valued at $434,995,000 after buying an additional 479,617 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in Expedia by 0.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,126,096 shares of the online travel company’s stock valued at $364,878,000 after buying an additional 24,832 shares during the period. Ameriprise Financial Inc. boosted its stake in Expedia by 11.5% in the third quarter. Ameriprise Financial Inc. now owns 2,416,053 shares of the online travel company’s stock valued at $282,002,000 after buying an additional 249,611 shares during the period. Coatue Management LLC boosted its stake in Expedia by 32.6% in the second quarter. Coatue Management LLC now owns 2,034,943 shares of the online travel company’s stock valued at $216,315,000 after buying an additional 500,674 shares during the period. Finally, BlackRock Fund Advisors boosted its stake in Expedia by 4.0% in the third quarter. BlackRock Fund Advisors now owns 1,942,174 shares of the online travel company’s stock valued at $226,691,000 after buying an additional 75,154 shares during the period. Hedge funds and other institutional investors own 82.75% of the company’s stock.
Expedia Company Profile
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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