Expedia, Inc. (NASDAQ:EXPE) Cut to “Buy” at BidaskClub

Expedia, Inc. (NASDAQ:EXPE) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday, July 25th.

Several other equities research analysts also recently issued reports on EXPE. Credit Suisse Group set a $151.00 target price on shares of Expedia and gave the company a “buy” rating in a research note on Sunday, April 30th. Oppenheimer Holdings, Inc. raised their target price on shares of Expedia from $150.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, July 19th. Jefferies Group LLC reiterated a “hold” rating and issued a $135.00 target price on shares of Expedia in a research note on Wednesday, March 29th. Piper Jaffray Companies reiterated a “buy” rating and issued a $144.00 target price on shares of Expedia in a research note on Wednesday, March 29th. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $165.00 target price (up from $143.00) on shares of Expedia in a research note on Monday, May 1st. Eight research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Expedia has an average rating of “Buy” and an average target price of $159.73.

Expedia (NASDAQ:EXPE) traded up 0.67% during trading on Tuesday, hitting $144.51. The company had a trading volume of 1,327,508 shares. Expedia has a one year low of $105.62 and a one year high of $161.00. The stock has a market capitalization of $21.91 billion, a PE ratio of 68.00 and a beta of 0.92. The stock has a 50-day moving average of $151.59 and a 200-day moving average of $136.95.

Expedia (NASDAQ:EXPE) last issued its earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by $0.05. Expedia had a net margin of 3.49% and a return on equity of 10.98%. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the business posted $0.83 earnings per share. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. On average, equities analysts anticipate that Expedia will post $5.11 EPS for the current year.

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In other Expedia news, EVP Mark D. Okerstrom sold 12,500 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $150.00, for a total transaction of $1,875,000.00. Following the sale, the executive vice president now owns 71,248 shares of the company’s stock, valued at $10,687,200. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Dara Khosrowshahi sold 86,228 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $154.12, for a total transaction of $13,289,459.36. Following the sale, the chief executive officer now directly owns 518,576 shares in the company, valued at approximately $79,922,933.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 136,870 shares of company stock worth $20,840,896. Insiders own 20.95% of the company’s stock.

Several hedge funds have recently bought and sold shares of EXPE. Edge Wealth Management LLC bought a new stake in Expedia during the first quarter worth $126,000. Fiduciary Trust Co. acquired a new stake in shares of Expedia during the second quarter valued at $127,000. Dupont Capital Management Corp acquired a new stake in shares of Expedia during the second quarter valued at $143,000. Pathstone Family Office LLC boosted its stake in shares of Expedia by 15,833.3% in the second quarter. Pathstone Family Office LLC now owns 956 shares of the online travel company’s stock valued at $143,000 after buying an additional 950 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Expedia during the first quarter valued at $146,000. 80.96% of the stock is currently owned by hedge funds and other institutional investors.

About Expedia

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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