Shares of Expedia, Inc. (NASDAQ:EXPE) have been given a consensus recommendation of “Buy” by the thirty-three brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $159.37.
Several analysts have commented on EXPE shares. Citigroup restated a “buy” rating and set a $170.00 target price (down from $180.00) on shares of Expedia in a report on Friday, October 27th. Zacks Investment Research downgraded shares of Expedia from a “hold” rating to a “sell” rating in a report on Monday, September 11th. Deutsche Bank reaffirmed a “buy” rating and set a $171.00 price target (down from $175.00) on shares of Expedia in a research note on Tuesday, October 24th. Stifel Nicolaus reaffirmed a “hold” rating and set a $160.00 price target on shares of Expedia in a research note on Thursday, September 7th. Finally, BidaskClub cut shares of Expedia from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 2nd.
Shares of Expedia (NASDAQ:EXPE) opened at $126.14 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market cap of $19,240.00, a P/E ratio of 49.86, a price-to-earnings-growth ratio of 1.66 and a beta of 0.89. Expedia has a fifty-two week low of $112.90 and a fifty-two week high of $161.00.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 7th. Stockholders of record on Thursday, November 16th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Wednesday, November 15th. Expedia’s dividend payout ratio is currently 47.43%.
In other news, Director Dara Khosrowshahi sold 150,000 shares of Expedia 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 of the company’s stock, valued at $65,293,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lance A. Soliday sold 2,401 shares of Expedia stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $120.37, for a total value of $289,008.37. Following the sale, the insider now directly owns 5,744 shares of the company’s stock, valued at approximately $691,405.28. The disclosure for this sale can be found here. Insiders have sold 354,949 shares of company stock valued at $43,978,025 in the last three months. Insiders own 20.95% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Expedia by 3.7% in the second quarter. Vanguard Group Inc. now owns 12,045,217 shares of the online travel company’s stock valued at $1,794,135,000 after purchasing an additional 428,656 shares in the last quarter. BlackRock Inc. raised its stake in Expedia by 2.0% in the second quarter. BlackRock Inc. now owns 7,990,536 shares of the online travel company’s stock valued at $1,190,191,000 after purchasing an additional 157,847 shares in the last quarter. FMR LLC raised its stake in Expedia by 4.8% in the second quarter. FMR LLC now owns 2,481,274 shares of the online travel company’s stock valued at $369,586,000 after purchasing an additional 112,581 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Expedia by 5.8% in the third quarter. Ameriprise Financial Inc. now owns 2,115,880 shares of the online travel company’s stock valued at $304,558,000 after purchasing an additional 116,781 shares in the last quarter. Finally, Steadfast Capital Management LP raised its stake in Expedia by 15.6% in the second quarter. Steadfast Capital Management LP now owns 2,041,580 shares of the online travel company’s stock valued at $304,093,000 after purchasing an additional 274,760 shares in the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.
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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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