BidaskClub Upgrades Expedia (EXPE) to Hold

BidaskClub upgraded shares of Expedia (NASDAQ:EXPE) from a sell rating to a hold rating in a research note published on Saturday.

A number of other equities research analysts have also recently commented on EXPE. UBS Group reiterated a buy rating and issued a $170.00 target price (down from $178.00) on shares of Expedia in a research report on Friday, September 22nd. Bank of America reiterated a buy rating and issued a $178.00 target price (down from $187.00) on shares of Expedia in a research report on Tuesday, September 26th. Needham & Company LLC reiterated a buy rating and issued a $180.00 target price on shares of Expedia in a research report on Thursday, September 28th. Cowen set a $158.00 target price on shares of Expedia and gave the company a buy rating in a research report on Thursday, October 12th. Finally, KeyCorp reiterated a buy rating and issued a $178.00 target price on shares of Expedia in a research report on Tuesday, October 17th. Nine research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $159.18.

Shares of Expedia (EXPE) opened at $132.36 on Friday. The company has a market cap of $20,152.07, a PE ratio of 52.32, a PEG ratio of 1.81 and a beta of 0.89. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.72 and a quick ratio of 0.72. Expedia has a 12-month low of $115.55 and a 12-month high of $161.00.

Expedia (NASDAQ:EXPE) last issued its earnings results on Thursday, October 26th. The online travel company reported $2.51 EPS for the quarter, missing the Zacks’ consensus estimate of $2.61 by ($0.10). The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.98 billion. Expedia had a net margin of 4.09% and a return on equity of 10.71%. Expedia’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the company earned $2.41 earnings per share. sell-side analysts anticipate that Expedia will post 3.91 EPS for the current fiscal year.

In other Expedia news, Director Dara Khosrowshahi sold 10,590 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $117.58, for a total transaction of $1,245,172.20. Following the completion of the transaction, the director now owns 422,348 shares of the company’s stock, valued at $49,659,677.84. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Lance A. Soliday sold 2,401 shares of the stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $120.37, for a total transaction of $289,008.37. Following the transaction, 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. In the last ninety days, insiders have sold 354,949 shares of company stock valued at $43,978,025. 20.88% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Expedia by 3.7% during the second quarter. Vanguard Group Inc. now owns 12,045,217 shares of the online travel company’s stock worth $1,794,135,000 after buying an additional 428,656 shares during the period. BlackRock Inc. boosted its stake in shares of 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 during the period. FMR LLC boosted its stake in shares of 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 during the period. Ameriprise Financial Inc. boosted its stake in shares of 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 during the period. Finally, Steadfast Capital Management LP boosted its stake in shares of 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 during the period. 84.12% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Expedia (NASDAQ:EXPE)

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