Expedia, Inc. (NASDAQ:EXPE) Given Outperform Rating at Credit Suisse Group
Credit Suisse Group reiterated their outperform rating on shares of Expedia, Inc. (NASDAQ:EXPE) in a research report released on Tuesday morning, The Fly reports. Credit Suisse Group currently has a $162.00 price objective on the online travel company’s stock, up from their previous price objective of $151.00. The analysts noted that the move was a valuation call.
EXPE has been the subject of a number of other research reports. Deutsche Bank AG restated a buy rating and issued a $158.00 price objective (up previously from $138.00) on shares of Expedia in a research report on Saturday, April 29th. MKM Partners restated a buy rating and issued a $165.00 price objective (up previously from $145.00) on shares of Expedia in a research report on Monday, May 8th. Susquehanna Bancshares Inc restated a positive rating and issued a $165.00 price objective (up previously from $143.00) on shares of Expedia in a research report on Monday, May 1st. Oppenheimer Holdings, Inc. raised their price objective on shares of Expedia from $145.00 to $150.00 and gave the company an outperform rating in a research report on Monday, May 1st. Finally, Stifel Nicolaus downgraded shares of Expedia from a buy rating to a hold rating and raised their price objective for the company from $133.00 to $135.00 in a research report on Friday, April 28th. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Expedia has a consensus rating of Buy and an average target price of $153.31.
Expedia (EXPE) traded up 0.98% during trading on Tuesday, hitting $156.08. The company’s stock had a trading volume of 1,095,371 shares. The company has a 50-day moving average of $149.79 and a 200 day moving average of $133.95. The firm has a market cap of $23.56 billion, a PE ratio of 79.23 and a beta of 0.93. Expedia has a one year low of $105.62 and a one year high of $158.00.
Expedia (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, April 27th. The online travel company reported ($0.15) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.30) by $0.15. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.14 billion. Expedia had a net margin of 3.36% and a return on equity of 11.01%. The firm’s revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.09 earnings per share. On average, equities analysts forecast that Expedia will post $5.30 earnings per share for the current year.
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In related news, Director Susan C. Athey sold 670 shares of the firm’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were 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 SEC, which is accessible through the SEC website. Also, insider Lance A. Soliday sold 2,544 shares of the firm’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 transaction of $362,011.20. Following the sale, the insider now 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. 20.88% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in EXPE. BlackRock Inc. raised its position in shares of Expedia by 3,458.6% in the first quarter. BlackRock Inc. now owns 7,832,689 shares of the online travel company’s stock worth $988,252,000 after buying an additional 7,612,585 shares during the period. Neuberger Berman Group LLC raised its position in shares of Expedia by 1,118.9% in the first quarter. Neuberger Berman Group LLC now owns 1,805,829 shares of the online travel company’s stock worth $227,841,000 after buying an additional 1,657,678 shares during the period. Jennison Associates LLC raised its position in shares of Expedia by 39.9% in the first quarter. Jennison Associates LLC now owns 3,397,821 shares of the online travel company’s stock worth $428,703,000 after buying an additional 968,772 shares during the period. Wellington Management Group LLP raised its position in shares of Expedia by 14.6% in the first quarter. Wellington Management Group LLP now owns 6,000,184 shares of the online travel company’s stock worth $757,042,000 after buying an additional 764,343 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of Expedia by 30.4% in the first quarter. Ameriprise Financial Inc. now owns 2,312,604 shares of the online travel company’s stock worth $291,782,000 after buying an additional 539,205 shares during the period. Hedge funds and other institutional investors own 80.96% 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.
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