Expedia (NASDAQ:EXPE) had its price objective trimmed by Morgan Stanley from $160.00 to $150.00 in a research report sent to investors on Friday. The brokerage currently has an overweight rating on the online travel company’s stock.
A number of other equities research analysts have also commented on the stock. Citigroup reissued a buy rating and set a $170.00 price objective (down previously from $180.00) on shares of Expedia in a report on Friday, October 27th. SunTrust Banks increased their price objective on shares of Expedia to $180.00 and gave the stock a buy rating in a report on Friday, January 12th. They noted that the move was a valuation call. Deutsche Bank reissued a buy rating and set a $171.00 price objective (down previously from $175.00) on shares of Expedia in a report on Tuesday, October 24th. Zacks Investment Research raised shares of Expedia from a hold rating to a buy rating and set a $148.00 price objective on the stock in a report on Tuesday, January 16th. Finally, BidaskClub raised shares of Expedia from a strong sell rating to a sell rating in a report on Friday, January 5th. Ten equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Expedia presently has an average rating of Buy and an average target price of $150.60.
Expedia (NASDAQ:EXPE) traded down $19.03 on Friday, hitting $104.00. 17,153,735 shares of the stock traded hands, compared to its average volume of 2,156,301. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.60. Expedia has a fifty-two week low of $98.52 and a fifty-two week high of $161.00. The company has a market cap of $18,731.56, a price-to-earnings ratio of 43.88, a price-to-earnings-growth ratio of 1.66 and a beta of 0.89.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders 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 yield of 1.15%. Expedia’s payout ratio is presently 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 shares were sold at an average price of $120.37, for a total value of $289,008.37. Following the sale, the insider now directly owns 5,744 shares in the company, valued at approximately $691,405.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dara Khosrowshahi sold 150,000 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $125.00, for a total transaction of $18,750,000.00. Following the completion of the sale, the director now owns 522,348 shares in the company, valued at $65,293,500. The disclosure for this sale can be found here. Corporate insiders own 20.95% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Alexandria Capital LLC acquired a new stake in shares of Expedia in the 4th quarter valued at approximately $777,000. Baird Financial Group Inc. raised its position in shares of Expedia by 422.5% in the 4th quarter. Baird Financial Group Inc. now owns 107,168 shares of the online travel company’s stock valued at $12,836,000 after acquiring an additional 86,658 shares during the period. Norinchukin Bank The raised its position in shares of Expedia by 8.1% in the 4th quarter. Norinchukin Bank The now owns 9,827 shares of the online travel company’s stock valued at $1,177,000 after acquiring an additional 733 shares during the period. American International Group Inc. raised its position in shares of Expedia by 10.2% in the 4th quarter. American International Group Inc. now owns 54,693 shares of the online travel company’s stock valued at $6,551,000 after acquiring an additional 5,045 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of Expedia in the 4th quarter valued at approximately $407,000. Institutional investors and hedge funds own 83.05% of the company’s stock.
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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