According to Zacks, “Expedia, Inc., is one of the leading online travel companies in the world. The company’s second quarter revenue fell short of our estimates. The 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, discounts offered by larger chain hotels and lack of ADR growth in emerging markets can make margin expansion difficult.”
Several other equities analysts also recently weighed in on the stock. Cantor Fitzgerald reaffirmed a buy rating on shares of Expedia in a report on Sunday, July 10th. Atlantic Securities raised shares of Expedia from a neutral rating to an overweight rating and set a $130.00 target price on the stock in a report on Monday, June 20th. Barclays PLC reissued an overweight rating and issued a $120.00 target price on shares of Expedia in a report on Thursday, June 30th. RBC Capital Markets reissued an outperform rating and issued a $160.00 target price (down previously from $165.00) on shares of Expedia in a report on Sunday, July 31st. Finally, Evercore ISI reissued a hold rating and issued a $125.00 target price on shares of Expedia in a report on Tuesday, July 26th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seventeen have given a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $129.99.
Expedia (NASDAQ:EXPE) traded down 0.42% during mid-day trading on Tuesday, reaching $118.62. 611,271 shares of the company’s stock traded hands. The stock has a 50 day moving average of $112.49 and a 200 day moving average of $110.83. Expedia has a 12-month low of $88.40 and a 12-month high of $140.51. The company has a market cap of $17.76 billion, a P/E ratio of 88.00 and a beta of 0.68.
Expedia (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, July 28th. The online travel company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.05. Expedia had a net margin of 2.33% and a return on equity of 8.02%. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The company’s revenue for the quarter was up 32.1% on a year-over-year basis. On average, equities research analysts predict that Expedia will post $4.92 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th were issued a $0.26 dividend. The ex-dividend date was Tuesday, August 23rd. This represents a $1.04 dividend on an annualized basis and a yield of 0.87%. This is a positive change from Expedia’s previous quarterly dividend of $0.24. Expedia’s dividend payout ratio (DPR) is presently 72.73%.
In other Expedia news, Director Craig A. Jacobson sold 8,000 shares of the firm’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $116.54, for a total value of $932,320.00. Following the transaction, the director now owns 40,896 shares in the company, valued at approximately $4,766,019.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lance A. Soliday sold 1,500 shares of the firm’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $111.00, for a total value of $166,500.00. Following the completion of the transaction, the insider now owns 2,915 shares in the company, valued at approximately $323,565. The disclosure for this sale can be found here. 20.95% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its position in shares of Expedia by 1.6% in the first quarter. Geode Capital Management LLC now owns 992,731 shares of the online travel company’s stock worth $106,825,000 after buying an additional 15,880 shares during the last quarter. Calixto Global Investors LP raised its position in shares of Expedia by 103.9% in the first quarter. Calixto Global Investors LP now owns 279,307 shares of the online travel company’s stock worth $30,114,000 after buying an additional 142,343 shares during the last quarter. Samlyn Capital LLC raised its position in shares of Expedia by 70.1% in the first quarter. Samlyn Capital LLC now owns 739,912 shares of the online travel company’s stock worth $79,777,000 after buying an additional 304,877 shares during the last quarter. National Pension Service raised its position in shares of Expedia by 4.4% in the first quarter. National Pension Service now owns 67,254 shares of the online travel company’s stock worth $7,251,000 after buying an additional 2,858 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. raised its position in shares of Expedia by 19.2% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,207 shares of the online travel company’s stock worth $235,000 after buying an additional 355 shares during the last quarter. Institutional investors own 82.00% of the company’s stock.
Expedia, Inc is an online travel company. The Company makes travel products and services available, on a standalone and package basis, provided by various lodging properties, airlines, car rental companies, destination service providers, cruise lines and other travel product and service companies. Its Core OTA segment provides a range of travel and advertising services, 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, Venere, Wotif Group, CarRentals.com, and Classic Vacations.
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