Expedia Inc. (EXPE) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Expedia Inc. (NASDAQ:EXPE) have earned a consensus recommendation of “Buy” from the twenty-eight analysts that are covering the company. Nine research analysts have rated the stock with a hold recommendation, eighteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $134.91.
A number of brokerages have recently issued reports on EXPE. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $155.00 price target (up previously from $145.00) on shares of Expedia in a research note on Tuesday, November 1st. Zacks Investment Research lowered shares of Expedia from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th. Susquehanna began coverage on shares of Expedia in a research note on Wednesday, October 19th. They issued a “positive” rating and a $160.00 price target on the stock. Cantor Fitzgerald reiterated a “buy” rating on shares of Expedia in a research note on Friday, September 9th. Finally, Vetr upgraded shares of Expedia from a “buy” rating to a “strong-buy” rating and set a $134.00 price target on the stock in a research note on Tuesday, November 15th.
Expedia (NASDAQ:EXPE) traded up 0.72% on Friday, hitting $127.28. 422,881 shares of the stock were exchanged. The company has a market capitalization of $19.10 billion, a PE ratio of 101.18 and a beta of 0.77. Expedia has a 1-year low of $88.40 and a 1-year high of $133.55. The company has a 50-day moving average price of $123.98 and a 200 day moving average price of $114.80.
Expedia (NASDAQ:EXPE) last issued its earnings results on Thursday, October 27th. The online travel company reported $2.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.24 by $0.17. The company had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Expedia had a net margin of 2.11% and a return on equity of 10.39%. Expedia’s quarterly revenue was up 33.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.07 EPS. Analysts anticipate that Expedia will post $4.76 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.82%. The ex-dividend date is Tuesday, November 15th. Expedia’s payout ratio is 92.86%.
In other news, CEO Dara Khosrowshahi sold 101,300 shares of the firm’s stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $125.03, for a total transaction of $12,665,539.00. Following the completion of the transaction, the chief executive officer now owns 394,046 shares of the company’s stock, valued at $49,267,571.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lance A. Soliday sold 1,500 shares of the firm’s 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 directly owns 2,915 shares of the company’s stock, valued at approximately $323,565. The disclosure for this sale can be found here. 20.95% of the stock is currently owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA increased its position in Expedia by 29.7% in the third quarter. BNP Paribas Arbitrage SA now owns 140,094 shares of the online travel company’s stock valued at $16,352,000 after buying an additional 32,109 shares during the last quarter. Independent Portfolio Consultants Inc. increased its position 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 last quarter. Quantum Capital Management acquired a new position in Expedia during the first quarter valued at about $257,000. Principal Financial Group Inc. increased its position 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 last quarter. Finally, Boothbay Fund Management LLC acquired a new position in Expedia during the first quarter valued at about $1,272,000. 83.07% of the stock is owned by hedge funds and other 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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