Expedia, Inc. (NASDAQ:EXPE) had its price objective lowered by RBC Capital Markets from $165.00 to $160.00 in a research note issued to investors on Friday morning. The brokerage currently has an outperform rating on the online travel company’s stock.
EXPE has been the topic of several other research reports. Zacks Investment Research lowered Expedia from a buy rating to a hold rating in a research note on Thursday, January 12th. Pacific Crest raised Expedia from a sector weight rating to an overweight rating and set a $160.00 price target on the stock in a research note on Thursday, October 20th. Stifel Nicolaus raised Expedia from a sell rating to a hold rating and boosted their price target for the company from $116.00 to $130.00 in a research note on Thursday, November 10th. Oppenheimer Holdings, Inc. reaffirmed an outperform rating and issued a $155.00 price target (up previously from $145.00) on shares of Expedia in a research note on Tuesday, November 1st. Finally, Jefferies Group LLC reaffirmed a hold rating and issued a $135.00 price target on shares of Expedia in a research note on Thursday, January 12th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $138.90.
Shares of Expedia (NASDAQ:EXPE) opened at 119.67 on Friday. The company’s 50-day moving average is $118.82 and its 200 day moving average is $118.47. Expedia has a 1-year low of $96.58 and a 1-year high of $133.55. The firm has a market capitalization of $17.95 billion, a price-to-earnings ratio of 65.75 and a beta of 0.69.
Expedia (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, February 9th. The online travel company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by $0.20. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.07 billion. Expedia had a net margin of 3.06% and a return on equity of 11.54%. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.77 earnings per share. On average, analysts expect that Expedia will post $5.43 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Thursday, March 30th. Investors of record on Thursday, March 9th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.94%. This is a positive change from Expedia’s previous quarterly dividend of $0.26. Expedia’s dividend payout ratio is presently 60.47%.
In related news, insider Lance A. Soliday sold 1,982 shares of the company’s stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $116.62, for a total transaction of $231,140.84. Following the sale, the insider now owns 3,397 shares in the company, valued at $396,158.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 20.95% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. raised its stake in Expedia by 8.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,848 shares of the online travel company’s stock valued at $436,000 after buying an additional 298 shares during the last quarter. Seven Eight Capital LP bought a new stake in Expedia during the fourth quarter valued at about $918,000. Caxton Associates LP bought a new stake in Expedia during the fourth quarter valued at about $4,531,000. Sciencast Management LP bought a new stake in Expedia during the fourth quarter valued at about $412,000. Finally, Fir Tree Inc. bought a new stake in Expedia during the fourth quarter valued at about $94,294,000. Institutional investors and hedge funds 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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