Expedia’s (EXPE) “Buy” Rating Reiterated at Oppenheimer Holdings, Inc.
Several other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Expedia from a hold rating to a sell rating in a research report on Monday, September 11th. Guggenheim restated a buy rating and set a $175.00 price target (down from $190.00) on shares of Expedia in a research report on Thursday, September 7th. Royal Bank Of Canada restated an outperform rating and set a $175.00 price target on shares of Expedia in a research report on Thursday, September 7th. Stifel Nicolaus restated a hold rating and set a $160.00 price target on shares of Expedia in a research report on Thursday, September 7th. Finally, Piper Jaffray Companies restated a buy rating and set a $173.00 price target on shares of Expedia in a research report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $163.02.
Shares of Expedia (NASDAQ:EXPE) traded down 0.87% during mid-day trading on Thursday, reaching $142.13. The company had a trading volume of 1,559,360 shares. The stock has a market capitalization of $21.55 billion, a P/E ratio of 66.88 and a beta of 0.97. The firm’s 50 day moving average is $147.25 and its 200-day moving average is $141.20. Expedia has a 12-month low of $105.62 and a 12-month high of $161.00.
Expedia (NASDAQ:EXPE) last announced its earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.05). Expedia had a return on equity of 10.98% and a net margin of 3.49%. The company had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter last year, the firm posted $0.83 earnings per share. The firm’s revenue was up 17.8% on a year-over-year basis. On average, analysts expect that Expedia will post $5.06 earnings per share for the current fiscal year.
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The firm also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th were paid a dividend of $0.30 per share. This is an increase from Expedia’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.84%. Expedia’s dividend payout ratio (DPR) is currently 56.87%.
In other Expedia news, CEO Dara Khosrowshahi sold 86,228 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $154.12, for a total transaction of $13,289,459.36. Following the completion of the transaction, the chief executive officer now owns 518,576 shares of the company’s stock, valued at $79,922,933.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Victor Kaufman sold 35,598 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $149.29, for a total transaction of $5,314,425.42. Following the transaction, the insider now directly owns 167,673 shares of the company’s stock, valued at approximately $25,031,902.17. The disclosure for this sale can be found here. Insiders have sold 146,826 shares of company stock valued at $22,359,010 in the last ninety days. Insiders own 20.95% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Cleararc Capital Inc. increased its stake in shares of Expedia by 0.5% during the first quarter. Cleararc Capital Inc. now owns 2,948 shares of the online travel company’s stock valued at $372,000 after purchasing an additional 16 shares in the last quarter. Merriman Wealth Management LLC grew its holdings in shares of Expedia by 1.4% during the second quarter. Merriman Wealth Management LLC now owns 2,139 shares of the online travel company’s stock valued at $319,000 after buying an additional 29 shares during the last quarter. Blair William & Co. IL grew its holdings in shares of Expedia by 0.6% during the second quarter. Blair William & Co. IL now owns 4,998 shares of the online travel company’s stock valued at $744,000 after buying an additional 30 shares during the last quarter. First Allied Advisory Services Inc. grew its holdings in shares of Expedia by 1.3% during the second quarter. First Allied Advisory Services Inc. now owns 2,763 shares of the online travel company’s stock valued at $412,000 after buying an additional 35 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of Expedia by 0.8% during the second quarter. Nordea Investment Management AB now owns 4,996 shares of the online travel company’s stock valued at $744,000 after buying an additional 38 shares during the last quarter. 84.42% of the stock is owned by institutional investors and hedge funds.
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.
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