Expedia (EXPE) Given a $125.00 Price Target by Cowen Analysts

Cowen set a $125.00 price objective on Expedia (NASDAQ:EXPE) in a report published on Friday morning. The firm currently has a buy rating on the online travel company’s stock.

EXPE has been the topic of several other research reports. Credit Suisse Group set a $147.00 price target on Expedia and gave the stock a hold rating in a research note on Friday, October 27th. UBS Group restated a buy rating and set a $154.00 price objective (down previously from $170.00) on shares of Expedia in a research note on Friday, October 27th. Deutsche Bank restated a buy rating and set a $171.00 price objective (down previously from $175.00) on shares of Expedia in a research note on Tuesday, October 24th. SunTrust Banks restated a buy rating and set a $190.00 price objective on shares of Expedia in a research note on Monday, October 23rd. Finally, Citigroup restated a buy rating and set a $170.00 price objective (down previously from $180.00) on shares of Expedia in a research note on Friday, October 27th. Ten investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $150.60.

Expedia (EXPE) opened at $104.00 on Friday. 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 has a one year low of $98.52 and a one year high of $161.00. The company has a market capitalization of $18,731.56, a PE ratio of 43.88, a P/E/G ratio of 1.66 and a beta of 0.89.

Expedia (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, February 8th. The online travel company reported $0.84 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by ($0.31). Expedia had a return on equity of 9.75% and a net margin of 3.76%. The business had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter last year, the firm posted $1.17 EPS. The company’s revenue was up 10.8% compared to the same quarter last year. analysts forecast that Expedia will post 4.43 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Thursday, March 8th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.15%. Expedia’s payout ratio is 50.63%.

In related news, insider Lance A. Soliday sold 2,401 shares of the stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $120.37, for a total value of $289,008.37. Following the completion of the transaction, the insider now directly owns 5,744 shares of the company’s stock, valued at approximately $691,405.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dara Khosrowshahi sold 150,000 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $125.00, for a total value of $18,750,000.00. Following the completion of the transaction, the director now directly owns 522,348 shares of the company’s stock, valued at $65,293,500. The disclosure for this sale can be found here. 20.95% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. grew its holdings in Expedia by 5.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,115,880 shares of the online travel company’s stock worth $304,558,000 after buying an additional 116,781 shares in the last quarter. American Century Companies Inc. grew its holdings in Expedia by 22.0% in the 3rd quarter. American Century Companies Inc. now owns 2,031,943 shares of the online travel company’s stock worth $292,478,000 after buying an additional 365,857 shares in the last quarter. Artisan Partners Limited Partnership grew its holdings in Expedia by 18.2% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,698,375 shares of the online travel company’s stock worth $244,464,000 after buying an additional 260,929 shares in the last quarter. First Trust Advisors LP grew its holdings in Expedia by 28.8% in the 4th quarter. First Trust Advisors LP now owns 1,371,635 shares of the online travel company’s stock worth $164,281,000 after buying an additional 306,536 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its holdings in Expedia by 36.3% in the 4th quarter. UBS Asset Management Americas Inc. now owns 952,916 shares of the online travel company’s stock worth $114,131,000 after buying an additional 253,620 shares in the last quarter. 83.05% of the stock is owned by institutional investors and hedge funds.

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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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