Expedia, Inc. (EXPE) PT Lowered to $160.00

Expedia, Inc. (NASDAQ:EXPE) had its price target lowered by investment analysts at Royal Bank Of Canada from $165.00 to $160.00 in a research report issued to clients and investors on Friday. The brokerage currently has an “outperform” rating on the online travel company’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 33.89% from the company’s current price.

Several other equities analysts have also issued reports on the stock. Evercore ISI reissued a “hold” rating and set a $125.00 price objective on shares of Expedia in a report on Friday. RBC Capital Markets cut their price objective on shares of Expedia from $165.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday. Needham & Company LLC reissued a “buy” rating on shares of Expedia in a report on Friday. JMP Securities cut their price objective on shares of Expedia from $145.00 to $142.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Zacks Investment Research lowered shares of Expedia from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 7th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $138.90.

Analyst Recommendations for Expedia (NASDAQ:EXPE)

Shares of Expedia (NASDAQ:EXPE) opened at 119.50 on Friday. Expedia has a 52 week low of $96.58 and a 52 week high of $133.55. The company has a market cap of $17.93 billion, a price-to-earnings ratio of 65.66 and a beta of 0.69. The firm’s 50-day moving average price is $118.79 and its 200 day moving average price is $118.45.

Expedia (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, February 9th. The online travel company reported $1.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by $0.20. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.07 billion. Expedia had a net margin of 3.06% and a return on equity of 11.54%. The business’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 earnings per share. On average, equities research analysts forecast that Expedia will post $5.51 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 30th. Stockholders of record on Thursday, March 9th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.94%. This is a boost from Expedia’s previous quarterly dividend of $0.26. Expedia’s payout ratio is currently 60.47%.

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In other news, insider Lance A. Soliday sold 1,982 shares of the business’s stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $116.62, for a total transaction of $231,140.84. Following the completion of the sale, the insider now owns 3,397 shares of the company’s stock, valued at $396,158.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.95% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its stake in Expedia by 0.5% in the third quarter. Quadrant Capital Group LLC now owns 925 shares of the online travel company’s stock worth $102,000 after buying an additional 5 shares in the last quarter. NN Investment Partners Holdings N.V. boosted its stake in Expedia by 27.7% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 921 shares of the online travel company’s stock worth $104,000 after buying an additional 200 shares in the last quarter. New York Life Trust Co. boosted its stake in Expedia by 11.7% in the third quarter. New York Life Trust Co. now owns 939 shares of the online travel company’s stock worth $110,000 after buying an additional 98 shares in the last quarter. First Bank & Trust bought a new stake in Expedia during the fourth quarter worth approximately $159,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Expedia by 5.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,974 shares of the online travel company’s stock worth $211,000 after buying an additional 98 shares in the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Expedia Company Profile

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.

5 Day Chart for NASDAQ:EXPE

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