TheStreet Downgrades Expedia (EXPE) to C+

TheStreet downgraded shares of Expedia (NASDAQ:EXPE) from a b rating to a c+ rating in a research note published on Thursday morning.

A number of other research firms have also weighed in on EXPE. BidaskClub lowered shares of Expedia from a sell rating to a strong sell rating in a report on Saturday, December 2nd. Argus lowered shares of Expedia from a buy rating to a hold rating and set a $178.00 target price for the company. in a report on Tuesday, December 5th. SunTrust Banks raised their target price on shares of Expedia to $180.00 and gave the company a buy rating in a report on Friday, January 12th. They noted that the move was a valuation call. KeyCorp reissued a buy rating and issued a $178.00 target price on shares of Expedia in a report on Tuesday, October 17th. Finally, Morgan Stanley cut their target price on shares of Expedia from $160.00 to $150.00 and set an overweight rating for the company in a report on Friday. Ten equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $150.60.

Expedia (EXPE) opened at $104.00 on Thursday. Expedia has a fifty-two week low of $98.52 and a fifty-two week high of $161.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market cap of $18,731.56, a price-to-earnings ratio of 43.88, a P/E/G ratio of 1.66 and a beta of 0.89.

Expedia (NASDAQ:EXPE) last posted its earnings results on Thursday, February 8th. The online travel company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.31). Expedia had a net margin of 3.76% and a return on equity of 9.75%. 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 business posted $1.17 earnings per share. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. research analysts predict 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. Investors of record on Thursday, March 8th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.15%. Expedia’s dividend payout ratio is presently 50.63%.

In other news, insider Lance A. Soliday sold 2,401 shares of Expedia stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $120.37, for a total transaction of $289,008.37. Following the completion of the sale, the insider now directly owns 5,744 shares in the company, valued at $691,405.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dara Khosrowshahi sold 150,000 shares of Expedia stock in a transaction 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 sale, the director now 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 owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Expedia during the third quarter worth $101,000. Dupont Capital Management Corp lifted its position in shares of Expedia by 90.9% during the fourth quarter. Dupont Capital Management Corp now owns 1,046 shares of the online travel company’s stock worth $125,000 after purchasing an additional 498 shares during the last quarter. Krilogy Financial LLC lifted its position in shares of Expedia by 2,900.0% during the third quarter. Krilogy Financial LLC now owns 900 shares of the online travel company’s stock worth $130,000 after purchasing an additional 870 shares during the last quarter. Palisade Capital Management LLC NJ bought a new stake in shares of Expedia during the third quarter worth $216,000. Finally, Hyman Charles D bought a new stake in shares of Expedia during the fourth quarter worth $216,000. Institutional investors and hedge funds own 83.05% 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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