Expedia Inc. (NASDAQ:EXPE) had its target price lifted by Royal Bank Of Canada from $160.00 to $165.00 in a report released on Friday. Royal Bank Of Canada currently has an outperform rating on the online travel company’s stock.
Several other equities analysts have also recently issued reports on the company. RBC Capital Markets reiterated a buy rating and set a $165.00 target price (up previously from $160.00) on shares of Expedia in a research report on Friday, October 7th. Zacks Investment Research cut Expedia from a hold rating to a sell rating in a research report on Tuesday, October 4th. Cantor Fitzgerald reiterated a buy rating on shares of Expedia in a research report on Friday, September 9th. Jefferies Group reiterated a hold rating and set a $125.00 target price on shares of Expedia in a research report on Tuesday, August 9th. Finally, Morgan Stanley reiterated a hold rating and set a $118.00 target price on shares of Expedia in a research report on Wednesday, August 3rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $130.17.
Expedia (NASDAQ:EXPE) opened at 118.79 on Friday. Expedia has a 12 month low of $88.40 and a 12 month high of $140.51. The company’s 50-day moving average price is $113.09 and its 200-day moving average price is $111.21. The stock has a market cap of $17.78 billion, a P/E ratio of 88.12 and a beta of 0.68.
Expedia (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, July 28th. The online travel company reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.05. The firm earned $2.92 billion during the quarter, compared to the consensus estimate of $2.25 billion. Expedia had a return on equity of 8.02% and a net margin of 2.33%. The firm’s revenue was up 32.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.89 EPS. Equities analysts forecast that Expedia will post $4.92 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, August 25th were paid a dividend of $0.26 per share. The ex-dividend date was Tuesday, August 23rd. This is an increase from Expedia’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a dividend yield of 0.88%. Expedia’s dividend payout ratio (DPR) is currently 72.73%.
In other news, EVP Mark D. Okerstrom sold 56,664 shares of the firm’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $114.97, for a total transaction of $6,514,660.08. Following the completion of the sale, the executive vice president now directly owns 100,543 shares in the company, valued at $11,559,428.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lance A. Soliday sold 1,500 shares of the firm’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $111.00, for a total value of $166,500.00. Following the sale, the insider now owns 2,915 shares of the company’s stock, valued at $323,565. The disclosure for this sale can be found here. Insiders own 20.95% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC increased its stake in shares of Expedia by 1.6% in the first quarter. Geode Capital Management LLC now owns 992,731 shares of the online travel company’s stock valued at $106,825,000 after buying an additional 15,880 shares in the last quarter. Calixto Global Investors LP increased its stake in shares of Expedia by 103.9% in the first quarter. Calixto Global Investors LP now owns 279,307 shares of the online travel company’s stock valued at $30,114,000 after buying an additional 142,343 shares in the last quarter. Samlyn Capital LLC increased its stake in shares of Expedia by 70.1% in the first quarter. Samlyn Capital LLC now owns 739,912 shares of the online travel company’s stock valued at $79,777,000 after buying an additional 304,877 shares in the last quarter. National Pension Service increased its stake in shares of Expedia by 4.4% in the first quarter. National Pension Service now owns 67,254 shares of the online travel company’s stock valued at $7,251,000 after buying an additional 2,858 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. increased its stake in shares of Expedia by 19.2% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,207 shares of the online travel company’s stock valued at $235,000 after buying an additional 355 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.
Expedia, Inc is an online travel company. The Company makes travel products and services available, on a standalone and package basis, provided by various lodging properties, airlines, car rental companies, destination service providers, cruise lines and other travel product and service companies. Its Core OTA segment provides a range of travel and advertising services, 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, Venere, Wotif Group, CarRentals.com, and Classic Vacations.
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