Expedia (NASDAQ:EXPE) had its target price upped by Piper Jaffray Companies to $135.00 in a research note released on Friday morning, The Fly reports. Piper Jaffray Companies currently has an overweight rating on the online travel company’s stock.
Several other equities analysts also recently issued reports on EXPE. Cowen set a $158.00 price target on shares of Expedia and gave the company a buy rating in a research note on Thursday, October 12th. KeyCorp reaffirmed a buy rating and set a $178.00 price target on shares of Expedia in a research note on Tuesday, October 17th. SunTrust Banks reaffirmed a buy rating and set a $190.00 price target on shares of Expedia in a research note on Monday, October 23rd. Deutsche Bank reaffirmed a buy rating and set a $171.00 price target (down previously from $175.00) on shares of Expedia in a research note on Tuesday, October 24th. Finally, Bank of America downgraded shares of Expedia from a buy rating to a neutral rating and set a $149.00 price target for the company. in a research note on Friday, October 27th. Ten analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. Expedia presently has an average rating of Buy and a consensus price target of $150.60.
Expedia (NASDAQ EXPE) traded down $19.03 during mid-day trading on Friday, hitting $104.00. 17,153,735 shares of the stock traded hands, compared to its average volume of 2,156,301. The company has a market capitalization of $18,731.56, a P/E ratio of 43.88, a P/E/G ratio of 1.66 and a beta of 0.89. Expedia has a 12-month low of $98.52 and a 12-month high of $161.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.72 and a quick ratio of 0.72.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Thursday, March 8th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.15%. Expedia’s dividend payout ratio (DPR) is currently 50.63%.
In other Expedia news, insider Lance A. Soliday sold 2,401 shares of Expedia stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $120.37, for a total value of $289,008.37. Following the completion of the sale, the insider now directly owns 5,744 shares of the company’s stock, valued at $691,405.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Dara Khosrowshahi sold 150,000 shares of Expedia stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $125.00, for a total transaction of $18,750,000.00. Following the completion of the sale, the director now directly owns 522,348 shares of the company’s stock, valued at $65,293,500. The disclosure for this sale can be found here. Insiders own 20.95% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. bought a new stake in Expedia in the third quarter valued at $101,000. Dupont Capital Management Corp increased its stake in Expedia by 90.9% in the fourth quarter. Dupont Capital Management Corp now owns 1,046 shares of the online travel company’s stock valued at $125,000 after purchasing an additional 498 shares in the last quarter. Krilogy Financial LLC increased its stake in Expedia by 2,900.0% in the third quarter. Krilogy Financial LLC now owns 900 shares of the online travel company’s stock valued at $130,000 after purchasing an additional 870 shares in the last quarter. Palisade Capital Management LLC NJ bought a new stake in Expedia in the third quarter valued at $216,000. Finally, Hyman Charles D bought a new stake in Expedia in the fourth quarter valued at $216,000. 83.05% of the stock is owned by hedge funds and other institutional investors.
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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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