Several analysts have recently updated their ratings and price targets for Expedia (NASDAQ: EXPE):

  • 9/22/2017 – Expedia had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $170.00 price target on the stock, down previously from $178.00.
  • 9/14/2017 – Expedia had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 9/11/2017 – Expedia was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Expedia Inc., is one of the leading online travel companies in the world. The company's second-quarter 2017 results beat the Zacks Consensus Estimate on both earnings and revenues. 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 and discounts offered by larger chain hotels can make margin expansion difficult.”
  • 9/7/2017 – Expedia had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $160.00 price target on the stock. They wrote, “We are adjusting our Expedia model to incorporate reduced trivago forecasts and our PT remains $160. Key Points Trivago reduces full year guidance: Trivago reduced its revenue growth guidance for FY:17 to 40% y/y, from 50% y/y previously, implying 2H:17 revenue ~18% lower than previously expected. Adj. EBITDA is now expected to be lower y/y but remain positive, versus guidance previously calling for a slightly improved EBITDA margin. Trivago attributed revenue growth headwinds primarily to a greater-than-anticipated pricing impact from the unwinding of its relevance assessment program, which launched at the end of 2016. The relevance assessment program required advertisers with lower relevance scores to place higher bids in the auction system to drive equivalent volume to their sites.””
  • 9/7/2017 – Expedia had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $175.00 price target on the stock.
  • 9/7/2017 – Expedia had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $175.00 price target on the stock, down previously from $190.00.
  • 8/31/2017 – Expedia had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $173.00 price target on the stock.
  • 8/28/2017 – Expedia had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $190.00 price target on the stock.
  • 8/27/2017 – Expedia had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $170.00 price target on the stock.
  • 8/25/2017 – Expedia was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/24/2017 – Expedia was upgraded by analysts at Jefferies Group LLC from a “hold” rating to a “buy” rating. They now have a $180.00 price target on the stock, up previously from $140.00.
  • 8/15/2017 – Expedia is now covered by analysts at SunTrust Banks, Inc.. They set a “buy” rating and a $190.00 price target on the stock.
  • 8/9/2017 – Expedia was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/2/2017 – 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 second-quarter 2017 results beat the Zacks Consensus Estimate on both earnings and revenues. 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 and discounts offered by larger chain hotels can make margin expansion difficult.”
  • 7/31/2017 – Expedia had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $178.00 price target on the stock, up previously from $155.00.
  • 7/30/2017 – Expedia had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $160.00 price target on the stock, up previously from $135.00.
  • 7/30/2017 – Expedia had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $140.00 price target on the stock.
  • 7/29/2017 – Expedia was given a new $175.00 price target on by analysts at Credit Suisse Group. They now have a “buy” rating on the stock.
  • 7/28/2017 – Expedia had its “buy” rating reaffirmed by analysts at Cowen and Company.
  • 7/28/2017 – Expedia had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $173.00 price target on the stock.
  • 7/28/2017 – Expedia had its price target raised by analysts at Needham & Company LLC from $160.00 to $180.00. They now have a “buy” rating on the stock.
  • 7/28/2017 – Expedia had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $175.00 price target on the stock, up previously from $160.00.
  • 7/27/2017 – Expedia was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating.

Shares of Expedia, Inc. (NASDAQ:EXPE) opened at 145.77 on Monday. The company has a market cap of $22.10 billion, a PE ratio of 68.60 and a beta of 0.97. The firm’s 50-day moving average is $146.32 and its 200-day moving average is $141.84. Expedia, Inc. has a 1-year low of $108.50 and a 1-year high of $161.00.

Expedia (NASDAQ:EXPE) last issued its earnings results on Thursday, July 27th. The online travel company reported $0.89 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.05). The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Expedia had a net margin of 3.49% and a return on equity of 10.98%. Expedia’s quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 EPS. On average, equities analysts forecast that Expedia, Inc. will post $5.03 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, August 24th were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $1.20 dividend on an annualized basis and a yield of 0.82%. This is a positive change from Expedia’s previous quarterly dividend of $0.28. Expedia’s dividend payout ratio is currently 56.87%.

In related news, CEO Dara Khosrowshahi sold 86,228 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $154.12, for a total value of $13,289,459.36. Following the sale, the chief executive officer now owns 518,576 shares in the company, valued at $79,922,933.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mark D. Okerstrom sold 12,500 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $150.41, for a total value of $1,880,125.00. Following the completion of the sale, the executive vice president now owns 71,248 shares in the company, valued at approximately $10,716,411.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 146,826 shares of company stock worth $22,359,010. 20.88% of the stock is owned by insiders.

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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