Several other equities analysts have also recently commented on the company. Credit Suisse Group set a $147.00 target price on Expedia and gave the stock a hold rating in a research report on Friday, October 27th. Barclays PLC reduced their target price on Expedia from $170.00 to $155.00 and set an overweight rating for the company in a research report on Friday, October 27th. Citigroup Inc. restated a buy rating and set a $170.00 target price (down from $180.00) on shares of Expedia in a research report on Friday, October 27th. Stifel Nicolaus reduced their target price on Expedia from $160.00 to $140.00 and set a hold rating for the company in a research report on Friday, October 27th. Finally, Royal Bank Of Canada restated an outperform rating and set a $155.00 target price (down from $175.00) on shares of Expedia in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Expedia presently has a consensus rating of Buy and a consensus price target of $159.61.
Shares of Expedia (NASDAQ:EXPE) opened at 124.66 on Friday. The company’s 50 day moving average price is $144.64 and its 200 day moving average price is $145.54. The company has a market capitalization of $18.90 billion, a P/E ratio of 58.66 and a beta of 0.92. Expedia has a 12 month low of $111.88 and a 12 month high of $161.00.
Expedia (NASDAQ:EXPE) last posted its earnings results on Thursday, October 26th. The online travel company reported $2.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.61 by ($0.10). Expedia had a return on equity of 10.71% and a net margin of 4.09%. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the previous year, the firm earned $2.41 earnings per share. Expedia’s quarterly revenue was up 14.9% compared to the same quarter last year. Analysts expect that Expedia will post $4.70 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.96%. Expedia’s dividend payout ratio (DPR) is 47.43%.
In other Expedia news, Vice Chairman Victor Kaufman sold 35,598 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $149.29, for a total transaction of $5,314,425.42. Following the transaction, the insider now owns 167,673 shares in the company, valued at approximately $25,031,902.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark D. Okerstrom sold 12,500 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The stock was 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 owns 71,248 shares in the company, valued at approximately $10,716,411.68. The disclosure for this sale can be found here. Insiders have sold a total of 60,598 shares of company stock worth $9,069,550 in the last quarter. Company insiders own 20.88% of the company’s stock.
Several hedge funds have recently bought and sold shares of the business. State Board of Administration of Florida Retirement System grew its holdings in shares of Expedia by 0.6% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 179,108 shares of the online travel company’s stock worth $25,781,000 after acquiring an additional 1,040 shares during the period. Frontier Capital Management Co. LLC grew its holdings in shares of Expedia by 1.4% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 753,889 shares of the online travel company’s stock worth $108,515,000 after acquiring an additional 10,186 shares during the period. Andra AP fonden grew its holdings in shares of Expedia by 18.2% during the 3rd quarter. Andra AP fonden now owns 7,800 shares of the online travel company’s stock worth $1,123,000 after acquiring an additional 1,200 shares during the period. Palisade Capital Management LLC NJ purchased a new position in shares of Expedia during the 3rd quarter worth approximately $216,000. Finally, Crossvault Capital Management LLC grew its holdings in shares of Expedia by 5.2% during the 3rd quarter. Crossvault Capital Management LLC now owns 39,220 shares of the online travel company’s stock worth $5,645,000 after acquiring an additional 1,925 shares during the period. Hedge funds and other institutional investors own 84.48% of the company’s stock.
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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