Expedia, Inc. (EXPE) Given “Buy” Rating at Piper Jaffray Companies
Piper Jaffray Companies reissued their buy rating on shares of Expedia, Inc. (NASDAQ:EXPE) in a research report released on Thursday. The firm currently has a $173.00 price objective on the online travel company’s stock.
A number of other equities research analysts have also commented on EXPE. BidaskClub lowered shares of Expedia from a buy rating to a hold rating in a research note on Wednesday, August 9th. Zacks Investment Research lowered shares of Expedia from a buy rating to a hold rating in a research note on Wednesday, August 2nd. Jefferies Group LLC raised shares of Expedia from a hold rating to a buy rating and upped their price objective for the company from $140.00 to $180.00 in a research note on Thursday, August 24th. SunTrust Banks, Inc. reaffirmed a buy rating and issued a $190.00 price objective on shares of Expedia in a research note on Monday. Finally, Needham & Company LLC upped their price objective on shares of Expedia from $160.00 to $180.00 and gave the company a buy rating in a research note on Friday, July 28th. Six analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Expedia currently has a consensus rating of Buy and a consensus price target of $162.60.
Shares of Expedia (NASDAQ:EXPE) traded up 0.53% during trading on Thursday, reaching $149.14. 1,290,985 shares of the company traded hands. The firm has a market capitalization of $22.61 billion, a price-to-earnings ratio of 70.18 and a beta of 0.92. The company has a 50 day moving average price of $150.14 and a 200 day moving average price of $139.42. Expedia has a 12-month low of $105.62 and a 12-month high of $161.00.
Expedia (NASDAQ:EXPE) last posted its earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by $0.05. Expedia had a return on equity of 10.98% and a net margin of 3.49%. The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the previous year, the firm earned $0.83 earnings per share. The company’s revenue was up 17.8% compared to the same quarter last year. On average, equities analysts predict that Expedia will post $5.09 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be paid a $0.30 dividend. This is a positive change from Expedia’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $1.20 annualized dividend and a dividend yield of 0.81%. Expedia’s dividend payout ratio is presently 56.87%.
In related news, EVP Mark D. Okerstrom sold 12,500 shares of the stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $150.41, for a total transaction of $1,880,125.00. Following the completion of the transaction, the executive vice president now owns 71,248 shares in the company, valued at $10,716,411.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Dara Khosrowshahi sold 86,228 shares of the 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 transaction, the chief executive officer now owns 518,576 shares of the company’s stock, valued at approximately $79,922,933.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 146,826 shares of company stock valued at $22,359,010. Company insiders own 20.95% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Cornerstone Capital Management Holdings LLC. raised its position in Expedia by 7.7% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 309,948 shares of the online travel company’s stock valued at $39,105,000 after buying an additional 22,056 shares during the last quarter. Swiss National Bank raised its position in Expedia by 27.4% in the first quarter. Swiss National Bank now owns 437,670 shares of the online travel company’s stock valued at $55,221,000 after buying an additional 94,100 shares during the last quarter. Hartwell J M Limited Partnership raised its position in Expedia by 229.1% in the second quarter. Hartwell J M Limited Partnership now owns 28,975 shares of the online travel company’s stock valued at $4,316,000 after buying an additional 20,170 shares during the last quarter. Morris Capital Advisors LLC bought a new position in Expedia during the first quarter valued at $3,869,000. Finally, Xact Kapitalforvaltning AB raised its position in Expedia by 16.5% in the first quarter. Xact Kapitalforvaltning AB now owns 18,714 shares of the online travel company’s stock valued at $2,361,000 after buying an additional 2,644 shares during the last quarter. Institutional investors own 84.42% of the company’s stock.
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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