Expedia, Inc. (NASDAQ:EXPE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday, November 1st.
According to Zacks, “Expedia Inc., is one of the leading online travel companies in the world. The company's third-quarter 2017 results missed the Zacks Consensus Estimate on both earnings and revenues. The company's Merchant, Agency, Advertising & Media and Home Away businessess grew year over-year. However, we think that the increased investments in the business, increasing competition across geographies and discounts offered by larger chain hotels can make margin expansion difficult. Year-to-date, the stock has underperformed the industry it beongs to.”
A number of other research analysts have also recently issued reports on the stock. Citigroup Inc. reaffirmed a “buy” rating and issued a $170.00 price target (down previously from $180.00) on shares of Expedia in a report on Friday, October 27th. Cowen and Company reissued a “buy” rating and set a $170.00 target price on shares of Expedia in a report on Sunday, August 27th. Deutsche Bank AG reissued a “buy” rating and set a $175.00 target price (up previously from $158.00) on shares of Expedia in a report on Wednesday, July 26th. Morgan Stanley reissued an “equal weight” rating and set a $170.00 target price (up previously from $135.00) on shares of Expedia in a report on Tuesday, July 18th. Finally, SunTrust Banks, Inc. reissued a “buy” rating and set a $190.00 target price on shares of Expedia in a report on Monday, August 28th. Nine research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $159.61.
Expedia (NASDAQ:EXPE) opened at $123.49 on Wednesday. The company has a market cap of $18,871.63, a P/E ratio of 31.22, a PEG ratio of 1.93 and a beta of 0.90. Expedia has a 1 year low of $111.88 and a 1 year high of $161.00. 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 (NASDAQ:EXPE) last announced its earnings results on Thursday, October 26th. The online travel company reported $2.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.61 by ($0.10). The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates 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 last year, the business earned $2.41 earnings per share. research analysts anticipate that Expedia will post 3.91 EPS for the current year.
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In related news, Director Dara Khosrowshahi sold 10,590 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $117.58, for a total transaction of $1,245,172.20. Following the completion of the sale, the director now owns 422,348 shares in the company, valued at approximately $49,659,677.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mark D. Okerstrom sold 12,500 shares of the stock in a transaction on Thursday, August 24th. The stock was 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 of the company’s stock, valued at approximately $10,716,411.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 215,048 shares of company stock valued at $26,819,142. Company insiders own 20.88% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Expedia by 3.7% during the 2nd 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 during the last quarter. BlackRock Inc. raised its position in Expedia by 2.0% during the 2nd quarter. BlackRock Inc. now owns 7,990,536 shares of the online travel company’s stock worth $1,190,191,000 after buying an additional 157,847 shares during the last quarter. Jennison Associates LLC raised its position in Expedia by 17.6% during the 2nd quarter. Jennison Associates LLC now owns 3,998,193 shares of the online travel company’s stock worth $595,531,000 after buying an additional 599,037 shares during the last quarter. FMR LLC raised its position in Expedia by 4.8% during the 2nd quarter. FMR LLC now owns 2,481,274 shares of the online travel company’s stock worth $369,586,000 after buying an additional 112,581 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Expedia by 5.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,115,880 shares of the online travel company’s stock worth $304,558,000 after buying an additional 116,781 shares during the last quarter. Institutional investors own 81.81% of the company’s stock.
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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