Expedia (EXPE) Rating Reiterated by MKM Partners
Expedia (NASDAQ:EXPE)‘s stock had its “neutral” rating restated by MKM Partners in a report issued on Thursday. They currently have a $145.00 price target on the online travel company’s stock, down from their previous price target of $170.00. MKM Partners’ price target suggests a potential upside of 23.36% from the company’s current price.
Several other equities analysts have also commented on the company. Citigroup reissued a “buy” rating and issued a $170.00 target price (down previously from $180.00) on shares of Expedia in a report on Friday, October 27th. Zacks Investment Research downgraded shares of Expedia from a “hold” rating to a “sell” rating in a research note on Monday, September 11th. Cowen restated a “buy” rating and issued a $170.00 price objective on shares of Expedia in a research note on Sunday, August 27th. Deutsche Bank restated a “buy” rating and issued a $171.00 price objective (down previously from $175.00) on shares of Expedia in a research note on Tuesday, October 24th. Finally, SunTrust Banks restated a “buy” rating and issued a $190.00 price objective on shares of Expedia in a research note on Monday, August 28th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $159.44.
Expedia (NASDAQ:EXPE) opened at $117.54 on Thursday. The company has a market capitalization of $18,143.87, a price-to-earnings ratio of 30.02, a P/E/G ratio of 1.86 and a beta of 0.89. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.60. Expedia has a twelve month low of $111.88 and a twelve month high of $161.00.
Expedia (NASDAQ:EXPE) last posted its earnings results on Thursday, October 26th. The online travel company reported $2.51 EPS for the quarter, missing the consensus estimate of $2.61 by ($0.10). The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Expedia had a net margin of 4.09% and a return on equity of 10.71%. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period last year, the company earned $2.41 EPS. equities analysts expect that Expedia will post 3.91 EPS for the current fiscal year.
In related news, Director Dara Khosrowshahi sold 10,590 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $117.58, for a total value of $1,245,172.20. Following the completion of the sale, the director now owns 422,348 shares in the company, valued at $49,659,677.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman Victor Kaufman sold 119,575 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $123.67, for a total transaction of $14,787,840.25. Following the completion of the sale, the insider now owns 169,575 shares of the company’s stock, valued at approximately $20,971,340.25. The disclosure for this sale can be found here. Insiders have sold 352,548 shares of company stock valued at $43,689,017 in the last quarter. Insiders own 20.95% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Burgundy Asset Management Ltd. lifted its position in Expedia by 3.9% in the third quarter. Burgundy Asset Management Ltd. now owns 292,996 shares of the online travel company’s stock valued at $42,174,000 after purchasing an additional 10,929 shares during the period. IFM Investors Pty Ltd acquired a new stake in Expedia in the third quarter valued at about $486,000. Sterling Capital Management LLC lifted its position in Expedia by 25.5% in the third quarter. Sterling Capital Management LLC now owns 30,570 shares of the online travel company’s stock valued at $4,400,000 after purchasing an additional 6,215 shares during the period. Colony Group LLC lifted its position in Expedia by 30.4% in the third quarter. Colony Group LLC now owns 34,287 shares of the online travel company’s stock valued at $4,935,000 after purchasing an additional 7,993 shares during the period. Finally, Argent Capital Management LLC acquired a new stake in Expedia in the third quarter valued at about $33,603,000. Hedge funds and other institutional investors own 84.20% of the company’s stock.
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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