Expedia (EXPE) Earns Buy Rating from Barclays
Barclays reiterated their buy rating on shares of Expedia (NASDAQ:EXPE) in a research note issued to investors on Sunday. The brokerage currently has a $130.00 price target on the online travel company’s stock.
A number of other brokerages have also issued reports on EXPE. Morgan Stanley upgraded shares of Expedia from an equal weight rating to an overweight rating in a research note on Wednesday, January 10th. Citigroup restated a buy rating and set a $170.00 price target (down previously from $180.00) on shares of Expedia in a research note on Friday, October 27th. SunTrust Banks upped their price target on shares of Expedia to $180.00 and gave the company a buy rating in a research note on Friday, January 12th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Expedia from a hold rating to a buy rating and set a $148.00 price target on the stock in a research note on Tuesday, January 16th. Finally, Deutsche Bank restated a buy rating and set a $171.00 price target (down previously from $175.00) on shares of Expedia in a research note on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $149.81.
Shares of Expedia (NASDAQ EXPE) opened at $100.10 on Friday. Expedia has a 52-week low of $98.52 and a 52-week high of $161.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.72 and a current ratio of 0.70. The company has a market cap of $15,260.00, a P/E ratio of 42.06, a P/E/G ratio of 1.44 and a beta of 0.89.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Thursday, March 8th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, March 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.20%. Expedia’s payout ratio is currently 50.42%.
In other news, insider Lance A. Soliday sold 2,401 shares of the stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $120.37, for a total value of $289,008.37. Following the sale, the insider now owns 5,744 shares in the company, valued at $691,405.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dara Khosrowshahi sold 150,000 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $125.00, for a total transaction of $18,750,000.00. Following the completion of the sale, the director now owns 522,348 shares in the company, valued at approximately $65,293,500. The disclosure for this sale can be found here. 20.88% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in EXPE. Winslow Capital Management LLC grew its position in Expedia by 21.0% during the fourth quarter. Winslow Capital Management LLC now owns 3,092,639 shares of the online travel company’s stock valued at $370,406,000 after buying an additional 535,874 shares during the period. Millennium Management LLC grew its position in Expedia by 502.2% during the fourth quarter. Millennium Management LLC now owns 442,005 shares of the online travel company’s stock valued at $52,939,000 after buying an additional 368,604 shares during the period. American Century Companies Inc. grew its position in Expedia by 22.0% during the third quarter. American Century Companies Inc. now owns 2,031,943 shares of the online travel company’s stock valued at $292,478,000 after buying an additional 365,857 shares during the period. First Trust Advisors LP grew its position in Expedia by 28.8% during the fourth quarter. First Trust Advisors LP now owns 1,371,635 shares of the online travel company’s stock valued at $164,281,000 after buying an additional 306,536 shares during the period. Finally, Pictet Asset Management Ltd. grew its position in Expedia by 79.0% during the third quarter. Pictet Asset Management Ltd. now owns 632,779 shares of the online travel company’s stock valued at $91,082,000 after buying an additional 279,312 shares during the period. Institutional investors own 82.50% 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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