Argus initiated coverage on shares of Expedia, Inc. (NASDAQ:EXPE) in a research report sent to investors on Wednesday, July 5th, Marketbeat.com reports. The brokerage issued a buy rating and a $178.00 target price on the online travel company’s stock.
Several other brokerages have also recently commented on EXPE. Jefferies Group LLC reissued a hold rating and issued a $135.00 price target on shares of Expedia in a research note on Wednesday, March 29th. Cantor Fitzgerald reissued a hold rating on shares of Expedia in a research note on Monday, June 26th. Credit Suisse Group set a $151.00 target price on Expedia and gave the stock a buy rating in a research report on Sunday, April 30th. Raymond James Financial, Inc. reaffirmed a market perform rating and set a $139.00 target price on shares of Expedia in a research report on Thursday, May 18th. They noted that the move was a valuation call. Finally, TheStreet lowered Expedia from a b rating to a c+ rating in a report on Thursday, April 27th. Six equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. Expedia presently has a consensus rating of Buy and an average price target of $159.03.
Shares of Expedia (NASDAQ EXPE) traded up 3.40% on Wednesday, hitting $159.50. 4,398,933 shares of the company traded hands. Expedia has a 12 month low of $105.62 and a 12 month high of $161.00. The company has a market capitalization of $24.20 billion, a PE ratio of 75.06 and a beta of 0.93. The stock’s 50-day moving average price is $150.79 and its 200-day moving average price is $134.84.
Expedia (NASDAQ:EXPE) last issued its earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates 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 11.37%. Expedia’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 EPS. On average, equities analysts predict that Expedia will post $5.29 earnings per share for the current year.
In other news, Director Susan C. Athey sold 670 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $138.59, for a total transaction of $92,855.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Lance A. Soliday sold 2,544 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $142.30, for a total value of $362,011.20. Following the sale, the insider now directly owns 4,815 shares in the company, valued at approximately $685,174.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,043 shares of company stock worth $5,330,777. Company insiders own 20.95% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Federated Investors Inc. PA raised its stake in Expedia by 1,245.6% in the fourth quarter. Federated Investors Inc. PA now owns 12,514 shares of the online travel company’s stock worth $1,417,000 after buying an additional 11,584 shares in the last quarter. Janus Capital Management LLC raised its stake in Expedia by 91.9% in the fourth quarter. Janus Capital Management LLC now owns 32,938 shares of the online travel company’s stock worth $3,731,000 after buying an additional 15,770 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in Expedia by 8.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,848 shares of the online travel company’s stock worth $436,000 after buying an additional 298 shares in the last quarter. Norges Bank acquired a new stake in Expedia during the fourth quarter worth approximately $101,652,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in Expedia by 0.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 82,807 shares of the online travel company’s stock worth $9,380,000 after buying an additional 417 shares in the last quarter. 80.96% of the stock is currently owned by institutional investors.
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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