Expedia (EXPE) PT Raised to $180.00 at SunTrust Banks
Expedia (NASDAQ:EXPE) had its price target upped by SunTrust Banks to $180.00 in a research note issued on Friday, The Fly reports. The firm presently has a “buy” rating on the online travel company’s stock. SunTrust Banks’ target price would suggest a potential upside of 39.09% from the stock’s previous close. The analysts noted that the move was a valuation call.
EXPE has been the topic of several other research reports. Credit Suisse Group set a $147.00 target price on shares of Expedia and gave the company a “hold” rating in a research note on Friday, October 27th. UBS Group restated a “buy” rating and set a $154.00 target price (down previously from $170.00) on shares of Expedia in a research note on Friday, October 27th. Deutsche Bank restated a “buy” rating and set a $171.00 target price (down previously from $175.00) on shares of Expedia in a research note on Tuesday, October 24th. Cowen set a $158.00 target price on shares of Expedia and gave the company a “buy” rating in a research note on Thursday, October 12th. Finally, Citigroup restated a “buy” rating and set a $170.00 target price (down previously from $180.00) on shares of Expedia in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. Expedia presently has a consensus rating of “Buy” and an average target price of $159.18.
Expedia (NASDAQ:EXPE) traded up $2.23 on Friday, reaching $129.41. 2,483,300 shares of the company’s stock traded hands, compared to its average volume of 1,830,262. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.60. The company has a market cap of $19,840.00, a PE ratio of 51.15, a P/E/G ratio of 1.74 and a beta of 0.89. Expedia has a 1-year low of $115.55 and a 1-year high of $161.00.
Expedia (NASDAQ:EXPE) last posted its earnings results on Thursday, October 26th. The online travel company reported $2.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.61 by ($0.10). The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.98 billion. Expedia had a net margin of 4.09% and a return on equity of 10.71%. Expedia’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.41 EPS. research analysts forecast that Expedia will post 3.91 earnings per share for the current fiscal year.
In other news, insider Lance A. Soliday sold 2,401 shares of Expedia stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $120.37, for a total transaction of $289,008.37. Following the completion of the sale, the insider now directly owns 5,744 shares in the company, valued at $691,405.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dara Khosrowshahi sold 72,383 shares of Expedia stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $123.04, for a total value of $8,906,004.32. Following the sale, the director now owns 494,731 shares of the company’s stock, valued at $60,871,702.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 354,949 shares of company stock valued at $43,978,025. 20.88% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. San Francisco Sentry Investment Group CA bought a new stake in shares of Expedia in the second quarter valued at about $102,000. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Expedia in the third quarter valued at about $101,000. Sun Life Financial INC grew its stake in Expedia by 10,987.5% in the second quarter. Sun Life Financial INC now owns 887 shares of the online travel company’s stock valued at $132,000 after purchasing an additional 879 shares during the last quarter. Krilogy Financial LLC grew its stake in Expedia by 2,900.0% in the third quarter. Krilogy Financial LLC now owns 900 shares of the online travel company’s stock valued at $130,000 after purchasing an additional 870 shares during the last quarter. Finally, Pathstone Family Office LLC grew its stake in Expedia by 15,833.3% in the second quarter. Pathstone Family Office LLC now owns 956 shares of the online travel company’s stock valued at $143,000 after purchasing an additional 950 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.
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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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