Expedia, Inc. (EXPE) Given Hold Rating at Stifel Nicolaus
Stifel Nicolaus reaffirmed their hold rating on shares of Expedia, Inc. (NASDAQ:EXPE) in a report published on Thursday morning. They currently have a $160.00 price objective on the online travel company’s stock.
“We are adjusting our Expedia model to incorporate reduced trivago forecasts and our PT remains $160. Key Points Trivago reduces full year guidance: Trivago reduced its revenue growth guidance for FY:17 to 40% y/y, from 50% y/y previously, implying 2H:17 revenue ~18% lower than previously expected. Adj. EBITDA is now expected to be lower y/y but remain positive, versus guidance previously calling for a slightly improved EBITDA margin. Trivago attributed revenue growth headwinds primarily to a greater-than-anticipated pricing impact from the unwinding of its relevance assessment program, which launched at the end of 2016. The relevance assessment program required advertisers with lower relevance scores to place higher bids in the auction system to drive equivalent volume to their sites.”,” Stifel Nicolaus’ analyst commented.
Several other equities research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Expedia from a buy rating to a hold rating in a research note on Wednesday, August 2nd. Piper Jaffray Companies reiterated a buy rating and issued a $173.00 target price on shares of Expedia in a research note on Thursday, August 31st. Cowen and Company reiterated an outperform rating and issued a $160.00 target price on shares of Expedia in a research note on Friday, June 16th. UBS AG reiterated a buy rating and issued a $178.00 target price (up previously from $155.00) on shares of Expedia in a research note on Monday, July 31st. Finally, Needham & Company LLC reiterated a buy rating on shares of Expedia in a research note on Wednesday, June 21st. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $163.02.
Expedia (EXPE) opened at 141.41 on Thursday. The firm has a market cap of $21.44 billion, a PE ratio of 66.55 and a beta of 0.97. The company has a 50 day moving average price of $148.78 and a 200 day moving average price of $140.32. Expedia has a 1-year low of $105.62 and a 1-year high of $161.00.
Expedia (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by $0.05. The business 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 company’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.83 earnings per share. On average, equities research analysts forecast that Expedia will post $5.04 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.85%. This is a positive change from Expedia’s previous quarterly dividend of $0.28. Expedia’s dividend payout ratio (DPR) is currently 56.87%.
In related news, CEO Dara Khosrowshahi sold 86,228 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $154.12, for a total value of $13,289,459.36. Following the completion of the sale, the chief executive officer now owns 518,576 shares of the company’s stock, valued at $79,922,933.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Vice Chairman Victor Kaufman sold 35,598 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $149.29, for a total transaction of $5,314,425.42. Following the completion of the sale, the insider now directly owns 167,673 shares of the company’s stock, valued at approximately $25,031,902.17. The disclosure for this sale can be found here. In the last three months, insiders sold 146,826 shares of company stock valued at $22,359,010. 20.88% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the stock. San Francisco Sentry Investment Group CA acquired a new stake in shares of Expedia in the second quarter valued at approximately $102,000. Fiduciary Trust Co. acquired a new stake in shares of Expedia in the second quarter valued at approximately $127,000. Sun Life Financial INC increased its holdings in shares of 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 purchasing an additional 879 shares in the last quarter. Dupont Capital Management Corp acquired a new stake in shares of Expedia in the second quarter valued at approximately $143,000. Finally, Pathstone Family Office LLC increased its holdings in shares of 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 purchasing an additional 950 shares in the last quarter. 84.42% of the stock is owned by institutional investors and hedge funds.
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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