Shares of Expedia Inc (NASDAQ:EXPE) have earned a consensus rating of “Buy” from the thirty-two analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and nineteen have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $141.91.
EXPE has been the subject of a number of recent analyst reports. Morgan Stanley raised Expedia from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, January 10th. SunTrust Banks boosted their target price on Expedia to $180.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. They noted that the move was a valuation call. Zacks Investment Research raised Expedia from a “hold” rating to a “buy” rating and set a $148.00 target price for the company in a research report on Tuesday, January 16th. BidaskClub upgraded Expedia from a “strong sell” rating to a “sell” rating in a research note on Friday, January 5th. Finally, Credit Suisse Group set a $132.00 price target on Expedia and gave the company a “buy” rating in a research note on Friday, February 9th.
Large investors have recently made changes to their positions in the stock. Douglas Lane & Associates LLC lifted its holdings in Expedia by 26.6% in the 4th quarter. Douglas Lane & Associates LLC now owns 313,239 shares of the online travel company’s stock worth $37,517,000 after purchasing an additional 65,821 shares in the last quarter. Pinebridge Investments L.P. purchased a new position in Expedia in the 3rd quarter worth approximately $840,000. Penserra Capital Management LLC lifted its holdings in Expedia by 103.2% in the 4th quarter. Penserra Capital Management LLC now owns 45,194 shares of the online travel company’s stock worth $5,411,000 after purchasing an additional 22,957 shares in the last quarter. Boyd Watterson Asset Management LLC OH lifted its holdings in Expedia by 23.3% in the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 10,279 shares of the online travel company’s stock worth $1,231,000 after purchasing an additional 1,940 shares in the last quarter. Finally, BTIM Corp. purchased a new position in Expedia in the 4th quarter worth approximately $2,380,000. Institutional investors own 80.19% of the company’s stock.
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 the Zacks’ consensus estimate of $1.15 by ($0.31). Expedia had a return on equity of 9.66% and a net margin of 3.76%. The business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same period last year, the firm posted $1.17 EPS. Expedia’s quarterly revenue was up 10.8% compared to the same quarter last year. sell-side analysts anticipate that Expedia will post 3.59 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Thursday, March 8th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, March 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.13%. Expedia’s dividend payout ratio (DPR) is presently 50.63%.
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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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