Expedia Inc. (EXPE) Now Covered by Susquehanna
Equities research analysts at Susquehanna assumed coverage on shares of Expedia Inc. (NASDAQ:EXPE) in a research note issued on Wednesday, The Fly reports. The brokerage set a “positive” rating on the online travel company’s stock.
A number of other research firms have also weighed in on EXPE. Zacks Investment Research lowered shares of Expedia from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th. Jefferies Group reiterated a “hold” rating on shares of Expedia in a report on Monday, July 18th. Barclays PLC increased their target price on shares of Expedia from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, July 29th. Evercore ISI reiterated a “hold” rating and set a $125.00 target price on shares of Expedia in a report on Tuesday, July 26th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of Expedia in a report on Sunday, July 10th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $130.17.
Shares of Expedia (NASDAQ:EXPE) traded up 1.51% during mid-day trading on Wednesday, reaching $124.69. The company’s stock had a trading volume of 2,734,737 shares. The company has a 50-day moving average of $114.20 and a 200-day moving average of $111.62. The company has a market cap of $18.67 billion, a P/E ratio of 92.50 and a beta of 0.68. Expedia has a 12 month low of $88.40 and a 12 month high of $140.51.
Expedia (NASDAQ:EXPE) last posted its earnings results on Thursday, July 28th. The online travel company reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.05. The company earned $2.92 billion during the quarter, compared to analyst estimates of $2.25 billion. Expedia had a net margin of 2.33% and a return on equity of 8.02%. Expedia’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 earnings per share. Equities research analysts forecast that Expedia will post $4.92 earnings per share for the current fiscal year.
In other news, insider Lance A. Soliday sold 1,500 shares of the business’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $111.00, for a total value of $166,500.00. Following the sale, the insider now directly owns 2,915 shares in the company, valued at approximately $323,565. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mark D. Okerstrom sold 56,664 shares of the business’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $114.97, for a total transaction of $6,514,660.08. Following the completion of the sale, the executive vice president now owns 100,543 shares in the company, valued at $11,559,428.71. The disclosure for this sale can be found here. 20.95% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in Expedia by 1.6% in the first quarter. Geode Capital Management LLC now owns 992,731 shares of the online travel company’s stock worth $106,825,000 after buying an additional 15,880 shares during the period. Calixto Global Investors LP increased its stake in Expedia by 103.9% in the first quarter. Calixto Global Investors LP now owns 279,307 shares of the online travel company’s stock worth $30,114,000 after buying an additional 142,343 shares during the period. Samlyn Capital LLC increased its stake in Expedia by 70.1% in the first quarter. Samlyn Capital LLC now owns 739,912 shares of the online travel company’s stock worth $79,777,000 after buying an additional 304,877 shares during the period. National Pension Service increased its stake in Expedia by 4.4% in the first quarter. National Pension Service now owns 67,254 shares of the online travel company’s stock worth $7,251,000 after buying an additional 2,858 shares during the period. Finally, Independent Portfolio Consultants Inc. increased its stake in Expedia by 19.2% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,207 shares of the online travel company’s stock worth $235,000 after buying an additional 355 shares during the period. Hedge funds and other institutional investors own 81.99% of the company’s stock.
Expedia, Inc is an online travel company. The Company makes travel products and services available, on a standalone and package basis, provided by various lodging properties, airlines, car rental companies, destination service providers, cruise lines and other travel product and service companies. Its Core OTA segment provides a range of travel and advertising services, 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, Venere, Wotif Group, CarRentals.com, and Classic Vacations.
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