Expedia (EXPE) Given New $138.00 Price Target at Bank of America

Expedia (NASDAQ:EXPE) had its price objective cut by Bank of America from $145.00 to $138.00 in a report issued on Friday. They currently have a buy rating on the online travel company’s stock.

EXPE has been the subject of a number of other research reports. Credit Suisse Group set a $147.00 price target on Expedia and gave the company a hold rating in a research note on Friday, October 27th. UBS Group reaffirmed a buy rating and issued a $154.00 price target (down previously from $170.00) on shares of Expedia in a research note on Friday, October 27th. Deutsche Bank reaffirmed a buy rating and issued a $171.00 price target (down previously from $175.00) on shares of Expedia in a research note on Tuesday, October 24th. Cowen set a $158.00 price target on Expedia and gave the company a buy rating in a research note on Thursday, October 12th. Finally, SunTrust Banks reiterated a buy rating and issued a $190.00 target price on shares of Expedia in a research report on Monday, October 23rd. Ten equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Expedia currently has an average rating of Buy and a consensus target price of $150.60.

Expedia (NASDAQ:EXPE) traded down $19.03 during mid-day trading on Friday, reaching $104.00. The company had a trading volume of 17,153,735 shares, compared to its average volume of 2,156,301. The firm has a market capitalization of $18,731.56, a P/E ratio of 43.88, a PEG ratio of 1.66 and a beta of 0.89. Expedia has a fifty-two week low of $98.52 and a fifty-two week high of $161.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.72 and a current ratio of 0.72.

Expedia (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, February 8th. The online travel company reported $0.84 EPS for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.31). The company had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.35 billion. Expedia had a net margin of 3.76% and a return on equity of 9.75%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the firm earned $1.17 EPS. analysts anticipate that Expedia will post 4.43 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Thursday, March 8th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.15%. Expedia’s dividend payout ratio (DPR) is currently 50.63%.

In other news, Director Dara Khosrowshahi sold 150,000 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $125.00, for a total transaction of $18,750,000.00. Following the sale, the director now directly owns 522,348 shares in the company, valued at $65,293,500. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Lance A. Soliday sold 2,401 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $120.37, for a total value of $289,008.37. Following the sale, the insider now owns 5,744 shares in the company, valued at $691,405.28. The disclosure for this sale can be found here. Insiders own 20.95% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Expedia during the third quarter worth about $101,000. Dupont Capital Management Corp grew its holdings in shares of Expedia by 90.9% during the fourth quarter. Dupont Capital Management Corp now owns 1,046 shares of the online travel company’s stock worth $125,000 after purchasing an additional 498 shares during the last quarter. Krilogy Financial LLC grew its holdings in shares of Expedia by 2,900.0% during the third quarter. Krilogy Financial LLC now owns 900 shares of the online travel company’s stock worth $130,000 after purchasing an additional 870 shares during the last quarter. Palisade Capital Management LLC NJ bought a new stake in shares of Expedia during the third quarter worth about $216,000. Finally, Hyman Charles D bought a new stake in shares of Expedia during the fourth quarter worth about $216,000. Institutional investors own 83.05% of the company’s stock.

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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.

Analyst Recommendations for Expedia (NASDAQ:EXPE)

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