Expedia (EXPE) Receiving Somewhat Favorable Press Coverage, Report Shows
Headlines about Expedia (NASDAQ:EXPE) have been trending somewhat positive on Friday, Alpha One Sentiment reports. Alpha One, a division of Accern, ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Expedia earned a news impact score of 0.10 on Alpha One’s scale. Alpha One also assigned press coverage about the online travel company an impact score of 82 out of 100, indicating that recent media coverage is very likely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have impacted AlphaOne Sentiment Analysis’s analysis:
- Expedia Stock Downgraded at Raymond James, Time to ‘Step to the Sidelines’ (finance.yahoo.com)
- Why Expedia’s Rocketing Stock Could Level Off (finance.yahoo.com)
- Connecting the Digital Dots: The Motivations and Mindset of European Travellers (hospitalitynet.org)
- Analysts’ Actions — Citizens Financial, Expedia, First Solar, Jack in the Box and More (finance.yahoo.com)
- Expedia Inc (EXPE) Earns “Market Perform” Rating from Raymond James Financial, Inc. (americanbankingnews.com)
Several equities research analysts recently commented on the stock. Credit Suisse Group AG set a $151.00 price target on shares of Expedia and gave the company a “buy” rating in a research report on Sunday, April 30th. Raymond James Financial, Inc. reiterated a “market perform” rating and issued a $139.00 target price on shares of Expedia in a research report on Thursday. They noted that the move was a valuation call. Royal Bank of Canada cut their target price on shares of Expedia from $165.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, February 10th. Susquehanna Bancshares Inc restated a “positive” rating and set a $165.00 price target (up previously from $143.00) on shares of Expedia in a report on Monday, May 1st. Finally, MKM Partners restated a “buy” rating and set a $165.00 price target (up previously from $145.00) on shares of Expedia in a report on Monday, May 8th. Eight analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $147.06.
Expedia (NASDAQ:EXPE) traded up 0.995% during trading on Friday, reaching $142.665. 455,969 shares of the company’s stock were exchanged. Expedia has a 12 month low of $96.58 and a 12 month high of $145.77. The stock has a market cap of $21.53 billion, a PE ratio of 72.419 and a beta of 0.69. The firm has a 50 day moving average of $134.13 and a 200-day moving average of $124.96.
Expedia (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, April 27th. The online travel company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.15. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.14 billion. Expedia had a return on equity of 11.54% and a net margin of 3.06%. The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 earnings per share. On average, equities research analysts anticipate that Expedia will post $5.28 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, May 25th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Tuesday, May 23rd. Expedia’s dividend payout ratio is presently 60.47%.
In related news, CEO Dara Khosrowshahi sold 106,892 shares of the stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $119.25, for a total value of $12,746,871.00. Following the completion of the sale, the chief executive officer now owns 539,240 shares of the company’s stock, valued at $64,304,370. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Craig A. Jacobson sold 3,000 shares of the stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $139.95, for a total value of $419,850.00. Following the completion of the transaction, the director now owns 30,496 shares of the company’s stock, valued at $4,267,915.20. The disclosure for this sale can be found here. Insiders have sold a total of 142,391 shares of company stock valued at $17,715,636 in the last 90 days. 20.95% of the stock is currently owned by company insiders.
Expedia Company Profile
Expedia, Inc is an online travel company. The Company operates through four segments: Core Online Travel Agencies (Core OTA), trivago, Egencia and HomeAway. The Company’s Core OTA segment provides a range of travel and advertising services to its customers across the world, 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, Wotif Group, CarRentals.com and Classic Vacations.
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