Expedia (EXPE) Rating Lowered to Hold at Argus

Expedia (NASDAQ:EXPE) was downgraded by research analysts at Argus from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday. They presently have a $178.00 price target on the online travel company’s stock. Argus’ price target points to a potential upside of 49.37% from the stock’s current price.

A number of other analysts have also weighed in on the stock. BidaskClub lowered shares of Expedia from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 2nd. Zacks Investment Research raised shares of Expedia from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. J P Morgan Chase & Co lowered their price objective on shares of Expedia from $153.00 to $129.00 and set a “neutral” rating for the company in a research note on Monday, October 30th. Cowen set a $135.00 price objective on shares of Expedia and gave the stock a “buy” rating in a research note on Sunday, October 29th. Finally, Credit Suisse Group set a $147.00 price objective on shares of Expedia and gave the stock a “hold” rating in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $158.99.

Shares of Expedia (NASDAQ:EXPE) opened at $119.17 on Tuesday. Expedia has a one year low of $111.88 and a one year high of $161.00. The firm has a market cap of $18,387.47, a PE ratio of 30.42, a P/E/G ratio of 1.88 and a beta of 0.89. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.60.

Expedia (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, October 26th. The online travel company reported $2.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.61 by ($0.10). Expedia had a return on equity of 10.71% and a net margin of 4.09%. The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same period last year, the company earned $2.41 earnings per share. The firm’s revenue was up 14.9% compared to the same quarter last year. analysts anticipate that Expedia will post 3.91 EPS for the current year.

In other news, Vice Chairman Victor Kaufman sold 119,575 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $123.67, for a total transaction of $14,787,840.25. Following the transaction, the insider now owns 169,575 shares in the company, valued at $20,971,340.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Dara Khosrowshahi sold 10,590 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $117.58, for a total transaction of $1,245,172.20. Following the transaction, the director now owns 422,348 shares in the company, valued at approximately $49,659,677.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 352,548 shares of company stock worth $43,689,017. Corporate insiders own 20.95% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Strs Ohio boosted its position in Expedia by 53.2% in the second quarter. Strs Ohio now owns 6,458 shares of the online travel company’s stock valued at $961,000 after buying an additional 2,243 shares during the last quarter. Bessemer Group Inc. boosted its position in Expedia by 16.6% in the second quarter. Bessemer Group Inc. now owns 1,039 shares of the online travel company’s stock valued at $155,000 after buying an additional 148 shares during the last quarter. Korea Investment CORP boosted its position in Expedia by 2,911.8% in the second quarter. Korea Investment CORP now owns 14,246 shares of the online travel company’s stock valued at $2,122,000 after buying an additional 13,773 shares during the last quarter. Retirement Systems of Alabama boosted its position in Expedia by 1.1% in the second quarter. Retirement Systems of Alabama now owns 58,945 shares of the online travel company’s stock valued at $8,780,000 after buying an additional 666 shares during the last quarter. Finally, Advisor Partners LLC boosted its position in Expedia by 7.3% in the second quarter. Advisor Partners LLC now owns 1,922 shares of the online travel company’s stock valued at $286,000 after buying an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 84.20% 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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