Mizuho Initiates Coverage on Expedia (EXPE)

Mizuho assumed coverage on shares of Expedia (NASDAQ:EXPE) in a research note issued to investors on Wednesday. The brokerage issued a neutral rating and a $120.00 price target on the online travel company’s stock.

A number of other equities analysts have also weighed in on the company. Macquarie lowered Expedia from an outperform rating to a neutral rating and set a $115.00 target price on the stock. in a research report on Thursday, March 15th. Barclays upped their target price on Expedia from $130.00 to $135.00 and gave the stock an overweight rating in a research report on Wednesday, March 7th. Credit Suisse Group set a $129.00 target price on Expedia and gave the stock a buy rating in a research report on Thursday, March 1st. MKM Partners lowered their target price on Expedia from $115.00 to $101.00 and set a neutral rating on the stock in a research report on Wednesday, February 21st. Finally, Zacks Investment Research lowered Expedia from a hold rating to a sell rating in a research report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and nineteen have given a buy rating to the company’s stock. Expedia currently has an average rating of Buy and an average target price of $146.45.

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EXPE stock opened at $106.11 on Wednesday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.61. Expedia has a 12-month low of $98.52 and a 12-month high of $161.00. The firm has a market capitalization of $16,242.99, a P/E ratio of 44.77, a PEG ratio of 1.81 and a beta of 1.05.

Expedia (NASDAQ:EXPE) last issued its earnings results on Thursday, February 8th. The online travel company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.31). Expedia had a return on equity of 9.66% and a net margin of 3.76%. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period in the previous year, the company earned $1.17 earnings per share. Expedia’s revenue for the quarter was up 10.8% compared to the same quarter last year. research analysts predict that Expedia will post 3.59 EPS for the current fiscal year.

The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, March 7th. This represents a $1.20 dividend on an annualized basis and a yield of 1.13%. Expedia’s dividend payout ratio (DPR) is presently 50.63%.

Large investors have recently made changes to their positions in the business. Fuller & Thaler Asset Management Inc. bought a new position in Expedia in the 3rd quarter valued at $101,000. Delpha Capital Management LLC bought a new position in Expedia in the 4th quarter valued at $104,000. Krilogy Financial LLC grew its stake in Expedia by 2,900.0% in the 3rd 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 during the period. Dupont Capital Management Corp grew its stake in Expedia by 90.9% in the 4th 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 during the period. Finally, Zeke Capital Advisors LLC bought a new position in Expedia in the 3rd quarter valued at $227,000. Hedge funds and other institutional investors own 80.19% 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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