Expedia, Inc. (EXPE) Downgraded by BidaskClub to Hold

Expedia, Inc. (NASDAQ:EXPE) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, August 9th.

A number of other research analysts have also recently issued reports on EXPE. Vetr cut shares of Expedia from a “buy” rating to a “hold” rating and set a $138.67 price objective for the company. in a report on Monday, April 24th. Royal Bank Of Canada restated a “buy” rating and set a $160.00 price objective on shares of Expedia in a report on Tuesday, April 25th. Zacks Investment Research upgraded shares of Expedia from a “sell” rating to a “hold” rating in a report on Wednesday, April 26th. Stifel Nicolaus cut shares of Expedia from a “buy” rating to a “hold” rating and boosted their price objective for the company from $133.00 to $135.00 in a report on Friday, April 28th. They noted that the move was a valuation call. Finally, Needham & Company LLC boosted their price objective on shares of Expedia from $140.00 to $160.00 and gave the company a “buy” rating in a report on Friday, April 28th. Eight research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $160.81.

Shares of Expedia (EXPE) traded down 0.30% during midday trading on Wednesday, hitting $143.71. 1,578,303 shares of the company traded hands. The stock has a market capitalization of $21.79 billion, a P/E ratio of 67.63 and a beta of 0.92. Expedia has a 12-month low of $105.62 and a 12-month high of $161.00. The stock’s 50-day moving average is $150.98 and its 200 day moving average is $137.85.

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

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In other news, EVP Mark D. Okerstrom sold 12,500 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $150.00, for a total value of $1,875,000.00. Following the transaction, the executive vice president now directly owns 71,248 shares of the company’s stock, valued at $10,687,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dara Khosrowshahi sold 86,228 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $154.12, for a total transaction of $13,289,459.36. Following the completion of the transaction, the chief executive officer now directly owns 518,576 shares in the company, valued at $79,922,933.12. The disclosure for this sale can be found here. Insiders sold 134,326 shares of company stock worth $20,478,885 over the last three months. Insiders own 20.95% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. San Francisco Sentry Investment Group CA bought a new position in shares of Expedia during the second quarter valued at $102,000. Fiduciary Trust Co. acquired a new position in Expedia during the second quarter valued at approximately $127,000. Sun Life Financial INC increased its position in Expedia by 10,987.5% in the second quarter. Sun Life Financial INC now owns 887 shares of the online travel company’s stock valued at $132,000 after buying an additional 879 shares during the period. Pathstone Family Office LLC increased its position in Expedia by 15,833.3% in the second quarter. Pathstone Family Office LLC now owns 956 shares of the online travel company’s stock valued at $143,000 after buying an additional 950 shares during the period. Finally, Dupont Capital Management Corp acquired a new position in Expedia during the second quarter valued at approximately $143,000. 81.22% of the stock is currently owned by institutional investors.

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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