Expedia Inc. (EXPE) Upgraded to Strong-Buy by Vetr Inc.
Vetr upgraded shares of Expedia Inc. (NASDAQ:EXPE) from a buy rating to a strong-buy rating in a report issued on Tuesday morning. The brokerage currently has $134.00 price target on the online travel company’s stock.
Other analysts have also recently issued research reports about the stock. Barclays PLC increased their price objective on shares of Expedia from $120.00 to $130.00 and gave the stock an overweight rating in a report on Friday, July 29th. Cantor Fitzgerald reissued a buy rating and set a $175.00 target price on shares of Expedia in a research note on Tuesday, August 9th. Jefferies Group reissued a hold rating and set a $125.00 target price on shares of Expedia in a research note on Tuesday, August 9th. Benchmark Co. reissued a buy rating and set a $135.00 target price on shares of Expedia in a research note on Monday, August 1st. Finally, RBC Capital Markets reissued an outperform rating and set a $165.00 target price on shares of Expedia in a research note on Tuesday, October 25th. Nine research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $134.10.
Shares of Expedia (NASDAQ:EXPE) traded up 0.96% during mid-day trading on Tuesday, hitting $124.72. 928,235 shares of the company’s stock traded hands. The stock has a market cap of $18.71 billion, a P/E ratio of 99.14 and a beta of 0.77. The stock has a 50 day moving average price of $122.39 and a 200-day moving average price of $114.29. Expedia has a 1-year low of $88.40 and a 1-year high of $133.55.
Expedia (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, October 27th. The online travel company reported $2.41 earnings per share for the quarter, topping the Zacks’ 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 analysts’ expectations of $2.56 billion. During the same quarter last year, the company earned $2.07 EPS. 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 fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.84%. The ex-dividend date is Tuesday, November 15th. Expedia’s payout ratio is 92.86%.
In other news, 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 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 SEC, which is accessible through the SEC website. Also, CEO Dara Khosrowshahi sold 101,300 shares of the stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $125.03, for a total value of $12,665,539.00. Following the sale, the chief executive officer now directly owns 394,046 shares in the company, valued at $49,267,571.38. The disclosure for this sale can be found here. Company insiders own 20.95% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Samlyn Capital LLC raised its stake in 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 during the period. National Pension Service raised its stake in 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 during the period. Independent Portfolio Consultants Inc. raised its stake in 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 during the period. Quantum Capital Management acquired a new stake in Expedia during the first quarter valued at $257,000. Finally, Principal Financial Group Inc. raised its stake in Expedia by 1.0% in the second quarter. Principal Financial Group Inc. now owns 181,232 shares of the online travel company’s stock valued at $19,262,000 after buying an additional 1,745 shares during the period. 82.75% of the stock is currently 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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