SunTrust Banks, Inc. Reaffirms Buy Rating for Expedia, Inc. (EXPE)
Expedia, Inc. (NASDAQ:EXPE)‘s stock had its “buy” rating reissued by analysts at SunTrust Banks, Inc. in a research report issued to clients and investors on Monday. They currently have a $190.00 target price on the online travel company’s stock. SunTrust Banks, Inc.’s price objective would suggest a potential upside of 33.31% from the stock’s current price.
Several other equities research analysts have also recently commented on EXPE. Credit Suisse Group set a $151.00 target price on Expedia and gave the company a “buy” rating in a research note on Sunday, April 30th. BidaskClub cut Expedia from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Zacks Investment Research cut Expedia from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Jefferies Group LLC raised Expedia from a “hold” rating to a “buy” rating and lifted their target price for the company from $140.00 to $180.00 in a research note on Thursday, August 24th. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $173.00 target price on shares of Expedia in a research note on Friday, July 28th. Six investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Expedia currently has a consensus rating of “Buy” and an average price target of $162.60.
Expedia (NASDAQ:EXPE) traded up 1.34% during midday trading on Monday, reaching $144.44. The company’s stock had a trading volume of 1,922,158 shares. The company has a market capitalization of $21.90 billion, a price-to-earnings ratio of 67.97 and a beta of 0.92. The company’s 50-day moving average price is $150.80 and its 200-day moving average price is $138.80. Expedia has a 1-year low of $105.62 and a 1-year high of $161.00. Expedia also saw some unusual options trading on Monday. Stock traders bought 13,299 put options on the stock. This is an increase of 440% compared to the average daily volume of 2,463 put options.
Expedia (NASDAQ:EXPE) last released its earnings results on Thursday, July 27th. The online travel company reported $0.89 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by $0.05. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. Expedia had a net margin of 3.49% and a return on equity of 10.98%. The firm’s quarterly revenue was up 17.8% on a year-over-year basis. During the same period last year, the business posted $0.83 earnings per share. On average, analysts predict that Expedia will post $5.07 earnings per share for the current fiscal year.
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In other Expedia news, CEO Dara Khosrowshahi sold 86,228 shares of Expedia stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $154.12, for a total transaction of $13,289,459.36. Following the transaction, the chief executive officer now directly owns 518,576 shares in the company, valued at $79,922,933.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark D. Okerstrom sold 12,500 shares of Expedia stock in a transaction dated Monday, August 7th. The stock was 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 in the company, valued at $10,687,200. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 146,826 shares of company stock worth $22,359,010. Corporate insiders own 20.88% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. San Francisco Sentry Investment Group CA acquired a new position in Expedia during the second quarter valued at $102,000. Fiduciary Trust Co. acquired a new position in Expedia during the second quarter valued at $127,000. Sun Life Financial INC increased its stake in Expedia by 10,987.5% in the second quarter. Sun Life Financial INC now owns 887 shares of the online travel company’s stock valued at $132,000 after buying an additional 879 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in Expedia during the second quarter valued at about $143,000. Finally, Pathstone Family Office LLC increased its stake in Expedia by 15,833.3% in the second quarter. Pathstone Family Office LLC now owns 956 shares of the online travel company’s stock valued at $143,000 after buying an additional 950 shares in the last quarter. Hedge funds and other institutional investors own 84.42% of the company’s stock.
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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