Bank of America Corporation lowered shares of Expedia, Inc. (NASDAQ:EXPE) from a buy rating to a neutral rating in a research report released on Friday, October 27th, Marketbeat.com reports. Bank of America Corporation currently has $149.00 price objective on the online travel company’s stock.
Several other research firms have also weighed in on EXPE. Royal Bank Of Canada restated an outperform rating and set a $175.00 price objective (up previously from $160.00) on shares of Expedia in a research report on Friday, July 28th. TheStreet upgraded shares of Expedia from a c+ rating to a b rating in a research report on Thursday, July 27th. Credit Suisse Group set a $175.00 price objective on shares of Expedia and gave the company a buy rating in a research report on Saturday, July 29th. Stifel Nicolaus restated a hold rating and set a $160.00 price objective (up previously from $135.00) on shares of Expedia in a research report on Sunday, July 30th. Finally, Jefferies Group LLC reiterated a hold rating and issued a $140.00 target price on shares of Expedia in a report on Sunday, July 30th. Nine investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. Expedia has a consensus rating of Buy and an average price target of $159.61.
Expedia (NASDAQ EXPE) opened at $122.09 on Friday. The company has a market cap of $18,312.87, a PE ratio of 30.30, a price-to-earnings-growth ratio of 1.88 and a beta of 0.90. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.72 and a current ratio of 0.72. Expedia has a 52 week low of $111.88 and a 52 week high of $161.00.
Expedia (NASDAQ:EXPE) last released its earnings results on Thursday, October 26th. The online travel company reported $2.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.61 by ($0.10). Expedia had a net margin of 4.09% and a return on equity of 10.71%. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period in the previous year, the business posted $2.41 EPS. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. equities research analysts forecast that Expedia will post 3.91 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Thursday, November 16th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $1.20 annualized dividend and a dividend yield of 0.98%. Expedia’s payout ratio is 47.43%.
In other Expedia news, EVP Mark D. Okerstrom sold 12,500 shares of Expedia stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $150.41, for a total transaction of $1,880,125.00. Following the sale, the executive vice president now owns 71,248 shares in the company, valued at $10,716,411.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dara Khosrowshahi sold 10,590 shares of Expedia stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $117.58, for a total transaction of $1,245,172.20. Following the sale, the director now owns 422,348 shares in the company, valued at approximately $49,659,677.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 215,048 shares of company stock worth $26,819,142. 20.88% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Expedia by 3.7% during the second quarter. Vanguard Group Inc. now owns 12,045,217 shares of the online travel company’s stock worth $1,794,135,000 after buying an additional 428,656 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Expedia by 2.0% in the 2nd quarter. BlackRock Inc. now owns 7,990,536 shares of the online travel company’s stock valued at $1,190,191,000 after purchasing an additional 157,847 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Expedia by 17.6% in the 2nd quarter. Jennison Associates LLC now owns 3,998,193 shares of the online travel company’s stock valued at $595,531,000 after purchasing an additional 599,037 shares in the last quarter. FMR LLC boosted its stake in shares of Expedia by 4.8% in the 2nd quarter. FMR LLC now owns 2,481,274 shares of the online travel company’s stock valued at $369,586,000 after purchasing an additional 112,581 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Expedia by 5.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,115,880 shares of the online travel company’s stock valued at $304,558,000 after purchasing an additional 116,781 shares in the last quarter. Hedge funds and other institutional investors own 82.88% 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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