EXPE has been the topic of several other reports. Cowen and Company restated an outperform rating and issued a $160.00 price target on shares of Expedia in a research report on Friday, June 16th. Credit Suisse Group set a $151.00 price target on Expedia and gave the stock a buy rating in a research report on Sunday, April 30th. Needham & Company LLC restated a buy rating on shares of Expedia in a research report on Wednesday, June 21st. Citigroup Inc. upgraded Expedia from a sell rating to a neutral rating and set a $130.00 price target on the stock in a research report on Friday, March 3rd. Finally, Jefferies Group LLC restated a hold rating and issued a $135.00 price target on shares of Expedia in a research report on Wednesday, March 29th. Nine equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Expedia has an average rating of Buy and a consensus target price of $147.91.
Shares of Expedia (NASDAQ:EXPE) traded down 2.72% on Monday, reaching $147.84. The company’s stock had a trading volume of 1,246,536 shares. The stock has a market capitalization of $22.32 billion, a price-to-earnings ratio of 75.05 and a beta of 0.93. The stock has a 50-day moving average of $143.68 and a 200 day moving average of $128.29. Expedia has a 52 week low of $96.58 and a 52 week high of $152.02.
Expedia (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, April 27th. The online travel company reported ($0.15) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.30) by $0.15. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.14 billion. Expedia had a return on equity of 11.01% and a net margin of 3.36%. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period last year, the company earned $0.09 EPS. On average, analysts expect that Expedia will post $5.31 EPS for the current year.
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The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, May 25th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Tuesday, May 23rd. Expedia’s dividend payout ratio is presently 57.14%.
In other news, Director Susan C. Athey sold 670 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $138.59, for a total transaction of $92,855.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert J. Dzielak sold 31,829 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $140.00, for a total value of $4,456,060.00. Following the sale, the executive vice president now owns 33,606 shares of the company’s stock, valued at approximately $4,704,840. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,043 shares of company stock valued at $5,330,777. Corporate insiders own 20.88% of the company’s stock.
Several large investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Expedia by 10.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 5,708 shares of the online travel company’s stock worth $647,000 after buying an additional 563 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Expedia by 0.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,923 shares of the online travel company’s stock worth $784,000 after buying an additional 42 shares in the last quarter. Federated Investors Inc. PA boosted its stake in shares of Expedia by 1,245.6% in the fourth quarter. Federated Investors Inc. PA now owns 12,514 shares of the online travel company’s stock worth $1,417,000 after buying an additional 11,584 shares in the last quarter. Credit Agricole S A boosted its stake in shares of Expedia by 29.1% in the fourth quarter. Credit Agricole S A now owns 60,493 shares of the online travel company’s stock worth $6,853,000 after buying an additional 13,623 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Expedia by 34.4% in the fourth quarter. Franklin Resources Inc. now owns 407,500 shares of the online travel company’s stock worth $46,162,000 after buying an additional 104,350 shares in the last quarter. Institutional investors own 81.13% 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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