A number of firms have modified their ratings and price targets on shares of Expedia (NASDAQ: EXPE) recently:

  • 7/6/2017 – Expedia was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Expedia Inc., is one of the leading online travel companies in the world. The company's first-quarter 2017 loss was narrower-than-expected and revenues beat the Zacks Consensus Estimate. Year-to-date, the stock has underperformed the Zacks characterized Electronic Commerce industry. The company's agency business looks good, which is no doubt benefiting from the ETP initiative. However, we think that the increased investments in the business, increasing competition across geographies, discounts offered by larger chain hotels and lack of ADR growth in emerging markets can make margin expansion difficult.”
  • 7/5/2017 – Expedia was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $167.00 price target on the stock. According to Zacks, “Expedia Inc., is one of the leading online travel companies in the world. The company's first-quarter 2017 loss was narrower-than-expected and revenues beat the Zacks Consensus Estimate. Year-to-date, the stock has underperformed the Zacks characterized Electronic Commerce industry. The company's agency business looks good, which is no doubt benefiting from the ETP initiative. However, we think that the increased investments in the business, increasing competition across geographies, discounts offered by larger chain hotels and lack of ADR growth in emerging markets can make margin expansion difficult.”
  • 7/5/2017 – Expedia is now covered by analysts at Argus. They set a “buy” rating and a $178.00 price target on the stock.
  • 6/28/2017 – Expedia was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. They now have a $130.00 price target on the stock, down previously from $147.89.
  • 6/26/2017 – Expedia had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald.
  • 6/21/2017 – Expedia had its “buy” rating reaffirmed by analysts at Needham & Company LLC.
  • 6/16/2017 – Expedia had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $160.00 price target on the stock.
  • 5/31/2017 – Expedia had its “buy” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $178.00 price target on the stock. They wrote, “HomeAway positioned for strong growth. We expect bookings growth to remain strong as this business makes progress in its transition to an online transaction-based model, driven by online bookings vs. subscription. In its pursuit of this, we believe that HomeAway is spending increasing ad dollars on variable ad channels. Search query interest through May rose 1,700bps Q/ Q in the US and ~100bps WW. Total unique visitors to HomeAway’s US site increased 11% in April vs. 9% in 1Q17 (comScore). Trivago’s momentum likely to continue. The growth drivers here include strength in both volume and pricing, with the former driven by Trivago’s focus on heavy branded advertising coupled with spending on variable ad channels. Changes to landing page requirements in 4Q16 are likely to continue to drive strong unit pricing short term and yield improved consumer experience LT, in our view.””

Shares of Expedia, Inc. (NASDAQ EXPE) opened at 152.73 on Tuesday. Expedia, Inc. has a 52 week low of $105.62 and a 52 week high of $156.39. The company has a 50-day moving average of $145.84 and a 200-day moving average of $129.59. The firm has a market capitalization of $23.05 billion, a PE ratio of 77.53 and a beta of 0.93.

Expedia (NASDAQ:EXPE) last posted its earnings results on Thursday, April 27th. The online travel company reported ($0.15) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.15. Expedia had a return on equity of 11.01% and a net margin of 3.36%. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period in the previous year, the company earned $0.09 EPS. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. On average, equities analysts forecast that Expedia, Inc. will post $5.32 earnings per share for the current fiscal year.

In other news, Director Susan C. Athey sold 670 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $138.59, for a total transaction of $92,855.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lance A. Soliday sold 2,544 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $142.30, for a total value of $362,011.20. Following the transaction, the insider now owns 4,815 shares of the company’s stock, valued at $685,174.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,043 shares of company stock valued at $5,330,777. Corporate insiders own 20.88% of the company’s stock.

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.

Receive News & Ratings for Expedia Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expedia Inc and related companies with MarketBeat.com's FREE daily email newsletter.