Expedia, Inc. (EXPE) Given a $175.00 Price Target at Credit Suisse Group

Expedia, Inc. (NASDAQ:EXPE) received a $175.00 price target from equities research analysts at Credit Suisse Group in a research note issued on Saturday, July 29th. The firm currently has a “buy” rating on the online travel company’s stock. Credit Suisse Group’s price objective points to a potential upside of 21.77% from the stock’s current price.

A number of other equities analysts also recently weighed in on EXPE. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $173.00 price target on shares of Expedia in a research note on Friday, July 28th. Jefferies Group LLC reiterated a “hold” rating and issued a $140.00 price objective on shares of Expedia in a report on Sunday, July 30th. Needham & Company LLC upped their price objective on shares of Expedia from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, July 28th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $175.00 price objective (up from $160.00) on shares of Expedia in a report on Friday, July 28th. Finally, Cowen and Company reiterated a “buy” rating on shares of Expedia in a report on Friday, July 28th. Eight research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. Expedia presently has an average rating of “Buy” and an average target price of $160.81.

Expedia (EXPE) opened at 143.71 on Friday. The firm has a market cap of $21.79 billion, a PE ratio of 67.63 and a beta of 0.92. The company has a 50-day moving average price of $150.98 and a 200-day moving average price of $137.85. Expedia has a one year low of $105.62 and a one year high of $161.00.

Expedia (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by $0.05. Expedia had a return on equity of 10.98% and a net margin of 3.49%. The company had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the company posted $0.83 earnings per share. The company’s revenue was up 17.8% compared to the same quarter last year. Equities analysts predict that Expedia will post $5.09 earnings per share for the current fiscal year.

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In other news, Vice Chairman Victor Kaufman sold 35,598 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $149.29, for a total transaction of $5,314,425.42. Following the completion of the sale, the insider now owns 167,673 shares of the company’s stock, valued at $25,031,902.17. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Dara Khosrowshahi sold 86,228 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $154.12, for a total transaction of $13,289,459.36. Following the sale, the chief executive officer now directly owns 518,576 shares of the company’s stock, valued at approximately $79,922,933.12. The disclosure for this sale can be found here. Insiders sold 134,326 shares of company stock valued at $20,478,885 in the last three months. Company insiders own 20.95% of the company’s stock.

Several hedge funds have recently modified their holdings of EXPE. Edge Wealth Management LLC bought a new stake in shares of Expedia during the first quarter worth $126,000. TNB Financial bought a new stake in shares of Expedia during the first quarter worth $4,178,000. Bank of Montreal Can raised its stake in shares of Expedia by 122.9% in the first quarter. Bank of Montreal Can now owns 198,215 shares of the online travel company’s stock worth $25,010,000 after buying an additional 109,282 shares in the last quarter. National Pension Service raised its stake in shares of Expedia by 4.5% in the first quarter. National Pension Service now owns 112,070 shares of the online travel company’s stock worth $14,509,000 after buying an additional 4,825 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its stake in shares of Expedia by 1.1% in the first quarter. Gulf International Bank UK Ltd now owns 37,164 shares of the online travel company’s stock worth $4,688,000 after buying an additional 400 shares in the last quarter. 81.22% of the stock is owned by institutional investors and hedge funds.

Expedia Company Profile

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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