Pacific Crest reiterated their overweight rating on shares of Expedia, Inc. (NASDAQ:EXPE) in a report issued on Tuesday. Pacific Crest currently has a $160.00 target price on the online travel company’s stock.
Several other equities research analysts also recently issued reports on EXPE. Stifel Nicolaus lifted their price objective on Expedia to $133.00 in a report on Friday. Cantor Fitzgerald restated a buy rating and set a $175.00 price objective on shares of Expedia in a report on Monday, October 31st. Benchmark Co. lifted their price objective on Expedia from $135.00 to $150.00 and gave the stock a buy rating in a report on Monday, October 24th. Needham & Company LLC started coverage on Expedia in a report on Wednesday, January 4th. They set a buy rating and a $140.00 price objective on the stock. Finally, MKM Partners restated a buy rating and set a $145.00 price objective on shares of Expedia in a report on Monday, January 23rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $138.90.
Expedia (NASDAQ:EXPE) traded down 0.05% during midday trading on Tuesday, reaching $119.44. 320,527 shares of the company were exchanged. The company has a market capitalization of $17.92 billion, a price-to-earnings ratio of 65.63 and a beta of 0.69. Expedia has a 52-week low of $96.58 and a 52-week high of $133.55. The company has a 50 day moving average of $118.79 and a 200-day moving average of $118.45.
Expedia (NASDAQ:EXPE) last announced its earnings results on Thursday, February 9th. The online travel company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.37 by $0.20. The company 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 quarter in the previous year, the business posted $0.77 earnings per share. On average, equities research analysts anticipate that Expedia will post $5.51 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Thursday, March 30th. Shareholders of record on Thursday, March 9th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.94%. This is an increase from Expedia’s previous quarterly dividend of $0.26. Expedia’s payout ratio is 60.47%.
In other Expedia news, insider Lance A. Soliday sold 1,982 shares of the business’s stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $116.62, for a total value of $231,140.84. Following the transaction, the insider now owns 3,397 shares in the company, valued at $396,158.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 20.95% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tyers Asset Management LLC purchased a new position in shares of Expedia during the fourth quarter worth approximately $292,000. Capstone Investment Advisors LLC purchased a new position in shares of Expedia during the fourth quarter worth approximately $3,055,000. Brahman Capital Corp. increased its position in shares of Expedia by 59.2% in the fourth quarter. Brahman Capital Corp. now owns 1,298,945 shares of the online travel company’s stock worth $147,145,000 after buying an additional 482,875 shares during the period. Menta Capital LLC purchased a new position in shares of Expedia during the fourth quarter worth approximately $1,299,000. Finally, Folger Hill Asset Management LP purchased a new position in shares of Expedia during the fourth quarter worth approximately $11,328,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.
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.
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