Expedia (NASDAQ:EXPE) had its price target cut by JPMorgan Chase & Co. from $129.00 to $115.00 in a report released on Monday. They currently have a neutral rating on the online travel company’s stock.
Several other equities analysts have also recently issued reports on EXPE. Bank of America dropped their price objective on shares of Expedia from $145.00 to $138.00 and set a buy rating on the stock in a research note on Friday, February 9th. Cowen set a $125.00 price objective on shares of Expedia and gave the company a buy rating in a research note on Friday, February 9th. TheStreet cut shares of Expedia from a b rating to a c+ rating in a research note on Thursday, February 8th. SunTrust Banks reaffirmed a buy rating and set a $165.00 price target on shares of Expedia in a research note on Friday, February 9th. Finally, Needham & Company LLC cut shares of Expedia from a buy rating to a hold rating in a research note on Friday, February 9th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-one have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $149.81.
Expedia (NASDAQ:EXPE) opened at $100.10 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.70 and a quick ratio of 0.72. The stock has a market cap of $15,260.00, a price-to-earnings ratio of 42.06, a price-to-earnings-growth ratio of 1.44 and a beta of 0.89. Expedia has a 12 month low of $98.52 and a 12 month high of $161.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Thursday, March 8th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, March 7th. This represents a $1.20 annualized dividend and a dividend yield of 1.20%. Expedia’s dividend payout ratio is presently 50.42%.
In related news, Director Dara Khosrowshahi sold 150,000 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $125.00, for a total value of $18,750,000.00. Following the sale, the director now directly owns 522,348 shares in the company, valued at approximately $65,293,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Lance A. Soliday sold 2,401 shares of the business’s stock in a transaction dated 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 owns 5,744 shares in the company, valued at $691,405.28. The disclosure for this sale can be found here. 20.88% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. Sentry Investment Management LLC lifted its holdings in Expedia by 1.1% in the 2nd quarter. Sentry Investment Management LLC now owns 7,502 shares of the online travel company’s stock valued at $1,117,000 after purchasing an additional 82 shares in the last quarter. Eqis Capital Management Inc. lifted its holdings in Expedia by 12.3% in the 3rd quarter. Eqis Capital Management Inc. now owns 3,433 shares of the online travel company’s stock valued at $494,000 after purchasing an additional 376 shares in the last quarter. New Mexico Educational Retirement Board lifted its holdings in Expedia by 3.5% in the 4th quarter. New Mexico Educational Retirement Board now owns 11,728 shares of the online travel company’s stock valued at $1,405,000 after purchasing an additional 400 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in Expedia by 2.3% in the 3rd quarter. CIBC Asset Management Inc now owns 18,940 shares of the online travel company’s stock valued at $2,726,000 after purchasing an additional 430 shares in the last quarter. Finally, Dupont Capital Management Corp lifted its holdings in Expedia by 90.9% in the 4th quarter. Dupont Capital Management Corp now owns 1,046 shares of the online travel company’s stock valued at $125,000 after purchasing an additional 498 shares in the last quarter. Institutional investors own 82.50% of the company’s stock.
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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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