Expedia Inc. (NASDAQ:EXPE)‘s stock had its “buy” rating reissued by RBC Capital Markets in a research note issued to investors on Friday. They currently have a $165.00 price objective on the online travel company’s stock, up from their previous price objective of $160.00. RBC Capital Markets’ price target indicates a potential upside of 38.92% from the stock’s previous close.
Several other brokerages have also recently weighed in on EXPE. Zacks Investment Research cut Expedia from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th. Jefferies Group reaffirmed a “hold” rating on shares of Expedia in a report on Monday, July 18th. Barclays PLC lifted their price objective on Expedia from $120.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, July 29th. Evercore ISI reissued a “hold” rating and set a $125.00 price target on shares of Expedia in a report on Tuesday, July 26th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Expedia in a report on Sunday, July 10th. 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’s stock. The company currently has an average rating of “Buy” and an average price target of $130.17.
Expedia (NASDAQ:EXPE) opened at 118.77 on Friday. Expedia has a 1-year low of $88.40 and a 1-year high of $140.51. The firm has a 50-day moving average price of $112.84 and a 200 day moving average price of $111.10. The firm has a market cap of $17.78 billion, a price-to-earnings ratio of 88.11 and a beta of 0.68.
Expedia (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, July 28th. The online travel company reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.05. The firm earned $2.92 billion during the quarter, compared to analysts’ expectations of $2.25 billion. Expedia had a return on equity of 8.02% and a net margin of 2.33%. The company’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.89 EPS. Equities analysts predict that Expedia will post $4.92 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, August 25th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.88%. This is an increase from Expedia’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, August 23rd. Expedia’s dividend payout ratio (DPR) is presently 72.73%.
In related news, insider Lance A. Soliday sold 1,500 shares of the stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $111.00, for a total transaction of $166,500.00. Following the completion of the sale, the insider now directly owns 2,915 shares of the company’s stock, valued at $323,565. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Craig A. Jacobson sold 8,000 shares of the stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $116.54, for a total value of $932,320.00. Following the sale, the director now directly owns 40,896 shares of the company’s stock, valued at $4,766,019.84. The disclosure for this sale can be found here. Corporate insiders own 20.95% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC increased its stake in shares of Expedia by 9.7% in the third quarter. Advisory Services Network LLC now owns 2,738 shares of the online travel company’s stock worth $320,000 after buying an additional 243 shares during the last quarter. Exxonmobil Investment Management Inc. TX raised its position in shares of Expedia by 1.4% in the third quarter. Exxonmobil Investment Management Inc. TX now owns 30,764 shares of the online travel company’s stock valued at $3,591,000 after buying an additional 421 shares during the period. Chevy Chase Trust Holdings Inc. raised its position in shares of Expedia by 2.1% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 155,768 shares of the online travel company’s stock valued at $18,181,000 after buying an additional 3,276 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Expedia by 29.7% in the third quarter. BNP Paribas Arbitrage SA now owns 140,094 shares of the online travel company’s stock valued at $16,352,000 after buying an additional 32,109 shares during the period. Finally, Macquarie Group Ltd. raised its position in shares of Expedia by 83.6% in the second quarter. Macquarie Group Ltd. now owns 5,050 shares of the online travel company’s stock valued at $537,000 after buying an additional 2,300 shares during the period. 81.99% of the stock is owned by institutional investors.
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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