Expedia’s (NASDAQ:EXPE) “Buy” Rating Reiterated at UBS AG

Expedia, Inc. (NASDAQ:EXPE)‘s stock had its “buy” rating restated by research analysts at UBS AG in a report released on Monday, July 31st, www.flashratings.com reports. They currently have a $178.00 price objective on the online travel company’s stock, up from their prior price objective of $155.00. UBS AG’s target price points to a potential upside of 23.86% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on EXPE. Barclays PLC reaffirmed an “overweight” rating and issued a $140.00 target price on shares of Expedia in a report on Monday, April 3rd. Credit Suisse Group reaffirmed a “buy” rating and issued a $147.00 target price on shares of Expedia in a report on Wednesday, April 5th. Vetr cut Expedia from a “buy” rating to a “hold” rating and set a $138.67 target price for the company. in a report on Monday, April 24th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $160.00 target price on shares of Expedia in a report on Tuesday, April 25th. Finally, Zacks Investment Research raised Expedia from a “sell” rating to a “hold” rating in a research note on Wednesday, April 26th. Eight investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. Expedia presently has an average rating of “Buy” and a consensus price target of $160.81.

Expedia (NASDAQ EXPE) traded down 0.30% during trading on Monday, hitting $143.71. 1,578,303 shares of the stock traded hands. Expedia has a one year low of $105.62 and a one year high of $161.00. The company has a 50-day moving average price of $150.98 and a 200 day moving average price of $137.85. The stock has a market cap of $21.79 billion, a PE ratio of 67.63 and a beta of 0.92.

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

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In other Expedia news, EVP Mark D. Okerstrom sold 12,500 shares of Expedia stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $150.00, for a total transaction of $1,875,000.00. Following the completion of the sale, the executive vice president now owns 71,248 shares of the company’s stock, valued at $10,687,200. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Dara Khosrowshahi sold 86,228 shares of Expedia stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $154.12, for a total value 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. In the last ninety days, insiders have sold 134,326 shares of company stock valued at $20,478,885. Corporate insiders own 20.95% of the company’s stock.

A number of large investors have recently modified their holdings of the company. Edge Wealth Management LLC purchased a new stake in shares of Expedia during the first quarter valued at about $126,000. TNB Financial purchased a new stake in shares of Expedia during the first quarter valued at about $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 valued at $25,010,000 after buying an additional 109,282 shares during the period. 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 valued at $14,509,000 after buying an additional 4,825 shares during the period. Finally, Gulf International Bank UK Ltd raised its stake in 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 during the period. 81.22% of the stock is owned by hedge funds and other institutional investors.

About Expedia

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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