Credit Suisse Group reiterated their outperform rating on shares of Expedia, Inc. (NASDAQ:EXPE) in a report published on Tuesday, July 25th, The Fly reports. They currently have a $162.00 target price on the online travel company’s stock, up from their prior target price of $151.00. The analysts noted that the move was a valuation call.
Several other research analysts have also recently commented on EXPE. Jefferies Group LLC reaffirmed a hold rating and set a $135.00 target price on shares of Expedia in a report on Wednesday, March 29th. Oppenheimer Holdings, Inc. raised their target price on shares of Expedia from $150.00 to $175.00 and gave the stock an outperform rating in a report on Wednesday, July 19th. Piper Jaffray Companies reaffirmed a buy rating and set a $144.00 target price on shares of Expedia in a report on Wednesday, March 29th. Susquehanna Bancshares Inc reiterated a positive rating and set a $165.00 price target (up previously from $143.00) on shares of Expedia in a research report on Monday, May 1st. Finally, Cowen and Company increased their price target on shares of Expedia from $140.00 to $155.00 and gave the stock an outperform rating in a research 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 issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $160.81.
Expedia (NASDAQ EXPE) traded down 0.30% during mid-day trading on Tuesday, reaching $143.71. The company’s stock had a trading volume of 1,578,303 shares. The firm’s 50 day moving average price is $150.98 and its 200 day moving average price is $137.85. The firm has a market capitalization of $21.79 billion, a P/E ratio of 67.63 and a beta of 0.92. Expedia has a 52 week low of $105.62 and a 52 week high of $161.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be issued a dividend of $0.30 per share. This is a boost from Expedia’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Tuesday, August 22nd. Expedia’s dividend payout ratio (DPR) is currently 53.08%.
In related news, Vice Chairman Victor Kaufman sold 35,598 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 167,673 shares in the company, valued at $25,031,902.17. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Dara Khosrowshahi sold 86,228 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 518,576 shares in the company, valued at $79,922,933.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 134,326 shares of company stock worth $20,478,885. 20.95% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Expedia by 3,458.6% in the first quarter. BlackRock Inc. now owns 7,832,689 shares of the online travel company’s stock valued at $988,252,000 after buying an additional 7,612,585 shares during the period. Neuberger Berman Group LLC raised its stake in Expedia by 1,118.9% in the first quarter. Neuberger Berman Group LLC now owns 1,805,829 shares of the online travel company’s stock valued at $227,841,000 after buying an additional 1,657,678 shares during the period. Jennison Associates LLC raised its stake in Expedia by 39.9% in the first quarter. Jennison Associates LLC now owns 3,397,821 shares of the online travel company’s stock valued at $428,703,000 after buying an additional 968,772 shares during the period. Wellington Management Group LLP raised its stake in Expedia by 14.6% in the first quarter. Wellington Management Group LLP now owns 6,000,184 shares of the online travel company’s stock valued at $757,042,000 after buying an additional 764,343 shares during the period. Finally, Balyasny Asset Management LLC acquired a new stake in Expedia during the second quarter valued at about $107,942,000. 81.22% of the stock is currently owned by institutional investors.
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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