J P Morgan Chase & Co Lowers Expedia, Inc. (EXPE) Price Target to $129.00

Expedia, Inc. (NASDAQ:EXPE) had its price objective lowered by investment analysts at J P Morgan Chase & Co from $153.00 to $129.00 in a research note issued to investors on Monday. The brokerage presently has a “neutral” rating on the online travel company’s stock. J P Morgan Chase & Co’s price objective suggests a potential upside of 4.21% from the company’s current price.

Other equities analysts also recently issued reports about the company. Cowen and Company set a $135.00 price objective on Expedia and gave the stock a “buy” rating in a research report on Sunday. Needham & Company LLC boosted their price objective on Expedia from $160.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Argus began coverage on Expedia in a research report on Wednesday, July 5th. They set a “buy” rating and a $178.00 price objective for the company. Zacks Investment Research upgraded Expedia from a “hold” rating to a “buy” rating and set a $167.00 price objective for the company in a research report on Wednesday, July 5th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $170.00 price objective (up from $135.00) on shares of Expedia in a research report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Expedia currently has an average rating of “Buy” and a consensus target price of $159.61.

Expedia (EXPE) traded down 2.266% during mid-day trading on Monday, reaching $120.985. The company’s stock had a trading volume of 2,029,584 shares. The firm has a 50-day moving average of $145.77 and a 200-day moving average of $145.51. The stock has a market capitalization of $18.35 billion, a price-to-earnings ratio of 56.934 and a beta of 0.93. Expedia has a 52 week low of $111.88 and a 52 week high of $161.00.

Expedia (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, October 26th. The online travel company reported $2.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.61 by ($0.10). The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.98 billion. Expedia had a return on equity of 10.71% and a net margin of 4.09%. The business’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.41 earnings per share. On average, equities research analysts expect that Expedia will post $4.99 earnings per share for the current year.

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In other news, EVP Mark D. Okerstrom sold 12,500 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $150.41, for a total value of $1,880,125.00. Following the transaction, the executive vice president now directly owns 71,248 shares of the company’s stock, valued at $10,716,411.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dara Khosrowshahi sold 86,228 shares of the company’s stock in a transaction 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 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 146,826 shares of company stock worth $22,359,010 over the last ninety days. 20.88% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Westpac Banking Corp increased its stake in shares of Expedia by 20.8% in the third quarter. Westpac Banking Corp now owns 8,949 shares of the online travel company’s stock worth $1,288,000 after acquiring an additional 1,539 shares during the last quarter. Enterprise Financial Services Corp increased its stake in shares of Expedia by 5,462.1% in the third quarter. Enterprise Financial Services Corp now owns 1,613 shares of the online travel company’s stock worth $232,000 after acquiring an additional 1,584 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Expedia in the third quarter worth $2,144,000. Penserra Capital Management LLC increased its stake in shares of Expedia by 50.9% in the third quarter. Penserra Capital Management LLC now owns 22,237 shares of the online travel company’s stock worth $3,264,000 after acquiring an additional 7,497 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of Expedia by 18.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 6,965 shares of the online travel company’s stock worth $1,003,000 after acquiring an additional 1,094 shares during the last quarter. 84.48% of the stock is currently owned by institutional investors and hedge funds.

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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