Expedia, Inc. (NASDAQ:EXPE) – Investment analysts at Oppenheimer Holdings cut their Q3 2017 earnings per share estimates for shares of Expedia in a research note issued on Wednesday. Oppenheimer Holdings analyst J. Kelly now expects that the online travel company will post earnings of $2.44 per share for the quarter, down from their previous forecast of $2.46. Oppenheimer Holdings currently has a “Outperform” rating on the stock.
Other research analysts have also issued reports about the stock. Royal Bank Of Canada reiterated a “buy” rating and set a $160.00 price objective on shares of Expedia in a report on Tuesday, April 25th. Credit Suisse Group reiterated a “buy” rating and set a $147.00 price objective on shares of Expedia in a report on Wednesday, April 5th. Piper Jaffray Companies reiterated a “buy” rating and set a $144.00 price objective on shares of Expedia in a report on Wednesday, March 29th. Benchmark Co. reiterated a “buy” rating and set a $165.00 price objective on shares of Expedia in a report on Friday, April 28th. Finally, Needham & Company LLC increased their price objective on shares of Expedia from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Eight equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Expedia presently has a consensus rating of “Buy” and a consensus target price of $151.17.
Shares of Expedia (NASDAQ:EXPE) opened at 154.63 on Thursday. The firm’s 50 day moving average is $149.35 and its 200-day moving average is $133.22. Expedia has a 12 month low of $105.62 and a 12 month high of $156.39. The firm has a market capitalization of $23.34 billion, a PE ratio of 78.49 and a beta of 0.93.
Expedia (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, April 27th. The online travel company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.15. Expedia had a net margin of 3.36% and a return on equity of 11.01%. The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period last year, the business earned $0.09 earnings per share. The business’s revenue for the quarter was up 15.0% on a year-over-year basis.
In other news, EVP Robert J. Dzielak sold 31,829 shares of the firm’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $140.00, for a total transaction of $4,456,060.00. Following the completion of the sale, the executive vice president now owns 33,606 shares of the company’s stock, valued at $4,704,840. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan C. Athey sold 670 shares of the firm’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $138.59, for a total transaction of $92,855.30. The disclosure for this sale can be found here. Insiders have sold 38,043 shares of company stock valued at $5,330,777 in the last three months. Corporate insiders own 20.95% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in EXPE. Edge Wealth Management LLC bought a new stake in Expedia during the first quarter worth $126,000. State of Alaska Department of Revenue bought a new stake in Expedia during the first quarter worth $146,000. CENTRAL TRUST Co increased its stake in Expedia by 18.7% in the second quarter. CENTRAL TRUST Co now owns 1,059 shares of the online travel company’s stock worth $158,000 after buying an additional 167 shares during the last quarter. Point72 Asia Hong Kong Ltd increased its stake in Expedia by 6,905.6% in the first quarter. Point72 Asia Hong Kong Ltd now owns 1,261 shares of the online travel company’s stock worth $159,000 after buying an additional 1,243 shares during the last quarter. Finally, Rice Hall James & Associates LLC increased its stake in Expedia by 3.0% in the first quarter. Rice Hall James & Associates LLC now owns 1,430 shares of the online travel company’s stock worth $180,000 after buying an additional 41 shares during the last quarter. 80.87% of the stock is owned by institutional investors and hedge funds.
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.
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