Expedia, Inc. (EXPE) Now Covered by SunTrust Banks, Inc.
Equities research analysts at SunTrust Banks, Inc. initiated coverage on shares of Expedia, Inc. (NASDAQ:EXPE) in a note issued to investors on Tuesday. The firm set a “buy” rating on the online travel company’s stock.
Several other brokerages have also commented on EXPE. Oppenheimer Holdings, Inc. boosted their price target on shares of Expedia from $145.00 to $150.00 and gave the stock an “outperform” rating in a report on Monday, May 1st. JMP Securities reissued an “outperform” rating and issued a $155.00 price target (up previously from $142.00) on shares of Expedia in a report on Tuesday, May 2nd. Needham & Company LLC boosted their price target on shares of Expedia from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Deutsche Bank AG reissued a “buy” rating and issued a $175.00 price target (up previously from $158.00) on shares of Expedia in a report on Wednesday, July 26th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $170.00 price target (up previously from $135.00) on shares of Expedia in a report on Tuesday, July 18th. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. Expedia has a consensus rating of “Buy” and an average target price of $159.73.
Shares of Expedia (NASDAQ:EXPE) traded down 0.35% during mid-day trading on Tuesday, hitting $147.06. 1,254,710 shares of the stock were exchanged. The stock’s 50-day moving average price is $151.25 and its 200-day moving average price is $137.56. Expedia has a 52-week low of $105.62 and a 52-week high of $161.00. The company has a market cap of $22.30 billion, a P/E ratio of 69.20 and a beta of 0.92.
Expedia (NASDAQ:EXPE) last posted its earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by $0.05. Expedia had a net margin of 3.49% and a return on equity of 10.98%. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the firm earned $0.83 earnings per share. The business’s revenue for the quarter was up 17.8% on a year-over-year basis. Equities research analysts anticipate that Expedia will post $5.11 earnings per share for the current fiscal year.
In other Expedia news, EVP Mark D. Okerstrom sold 12,500 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $150.00, for a total value of $1,875,000.00. Following the transaction, the executive vice president now owns 71,248 shares of the company’s stock, valued at $10,687,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Dara Khosrowshahi sold 86,228 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $154.12, for a total transaction of $13,289,459.36. Following the completion of the transaction, the chief executive officer now directly owns 518,576 shares in the company, valued at approximately $79,922,933.12. The disclosure for this sale can be found here. Insiders sold 136,870 shares of company stock worth $20,840,896 in the last ninety days. 20.88% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of EXPE. Verition Fund Management LLC boosted its position in Expedia by 66.2% in the second quarter. Verition Fund Management LLC now owns 9,807 shares of the online travel company’s stock worth $1,461,000 after buying an additional 3,907 shares during the last quarter. National Asset Management Inc. boosted its position in Expedia by 26.7% in the second quarter. National Asset Management Inc. now owns 3,240 shares of the online travel company’s stock worth $483,000 after buying an additional 683 shares during the last quarter. Sterling Capital Management LLC boosted its position in Expedia by 68.4% in the second quarter. Sterling Capital Management LLC now owns 24,355 shares of the online travel company’s stock worth $3,628,000 after buying an additional 9,895 shares during the last quarter. Castleark Management LLC bought a new position in Expedia during the second quarter worth approximately $255,000. Finally, Linscomb & Williams Inc. boosted its position in Expedia by 9.1% in the second quarter. Linscomb & Williams Inc. now owns 1,893 shares of the online travel company’s stock worth $282,000 after buying an additional 158 shares during the last quarter. 81.22% of the stock is currently owned by institutional investors.
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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