EXPE has been the topic of several other research reports. JMP Securities reiterated an outperform rating and set a $155.00 price target (up previously from $142.00) on shares of Expedia in a research report on Tuesday, May 2nd. Zacks Investment Research upgraded shares of Expedia from a sell rating to a hold rating in a report on Wednesday, April 26th. Cantor Fitzgerald upped their price objective on shares of Expedia from $175.00 to $178.00 and gave the stock an overweight rating in a report on Friday, April 28th. Benchmark Co. restated a buy rating and issued a $165.00 price objective on shares of Expedia in a report on Friday, April 28th. Finally, Needham & Company LLC upped their price objective on shares of Expedia from $140.00 to $160.00 and gave the stock a buy rating in a report on Friday, April 28th. Six equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $159.73.
Expedia (NASDAQ:EXPE) opened at 152.69 on Friday. The company has a market cap of $23.15 billion, a PE ratio of 71.85 and a beta of 0.93. Expedia has a 12 month low of $105.62 and a 12 month high of $161.00. The company has a 50-day moving average of $151.40 and a 200 day moving average of $135.62.
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Expedia (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by $0.05. Expedia had a net margin of 3.49% and a return on equity of 10.98%. The company had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the prior year, the firm earned $0.83 EPS. Expedia’s quarterly revenue was up 17.8% compared to the same quarter last year. On average, equities analysts forecast that Expedia will post $5.29 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be given a $0.30 dividend. The ex-dividend date is Tuesday, August 22nd. This is an increase from Expedia’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 0.79%. Expedia’s dividend payout ratio (DPR) is presently 53.08%.
In other Expedia news, insider Lance A. Soliday sold 2,544 shares of the stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $142.30, for a total value of $362,011.20. Following the transaction, the insider now directly owns 4,815 shares in the company, valued at $685,174.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Craig A. Jacobson sold 3,000 shares of the stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $139.95, for a total transaction of $419,850.00. Following the completion of the transaction, the director now owns 30,496 shares in the company, valued at $4,267,915.20. The disclosure for this sale can be found here. Insiders sold 37,373 shares of company stock worth $5,237,921 over the last quarter. Insiders own 20.88% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Expedia by 3.0% in the first quarter. Vanguard Group Inc. now owns 11,616,561 shares of the online travel company’s stock valued at $1,465,661,000 after buying an additional 342,485 shares during the last quarter. BlackRock Inc. increased its position in Expedia by 3,458.6% in the first quarter. BlackRock Inc. now owns 7,832,689 shares of the online travel company’s stock valued at $988,252,000 after buying an additional 7,612,585 shares during the last quarter. Wellington Management Group LLP increased its position in Expedia by 14.6% in the first quarter. Wellington Management Group LLP now owns 6,000,184 shares of the online travel company’s stock valued at $757,042,000 after buying an additional 764,343 shares during the last quarter. Jennison Associates LLC increased its position in Expedia by 39.9% in the first quarter. Jennison Associates LLC now owns 3,397,821 shares of the online travel company’s stock valued at $428,703,000 after buying an additional 968,772 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in Expedia by 30.4% in the first quarter. Ameriprise Financial Inc. now owns 2,312,604 shares of the online travel company’s stock valued at $291,782,000 after buying an additional 539,205 shares during the last quarter. Institutional investors and hedge funds own 80.92% 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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