Today, Brokerages gives Consensus Recommendation of “Buy” to Expedia Inc. (EXPE)

Today, Brokerages gives Consensus Recommendation of “Buy” to Expedia Inc. (EXPE)
Expedia Inc. (NASDAQ:EXPE) has received an average recommendation of “Buy” from the twenty-eight analysts that are covering the firm. Nine equities research analysts have rated the stock with a hold recommendation, eighteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $134.91.

Several equities analysts have recently weighed in on the stock. Cantor Fitzgerald reiterated a “buy” rating and issued a $175.00 price objective on shares of Expedia in a research note on Monday, October 31st. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $155.00 price objective (up previously from $145.00) on shares of Expedia in a research note on Tuesday, November 1st. RBC Capital Markets reiterated an “outperform” rating and issued a $165.00 price objective on shares of Expedia in a research note on Tuesday, October 25th. Benchmark Co. increased their price objective on shares of Expedia from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, October 24th. Finally, Zacks Investment Research upgraded shares of Expedia from a “sell” rating to a “hold” rating in a research note on Monday, October 24th.

Shares of Expedia (NASDAQ:EXPE) traded up 0.72% during midday trading on Friday, hitting $127.28. 422,881 shares of the stock were exchanged. The firm has a 50-day moving average of $123.98 and a 200-day moving average of $114.80. The company has a market capitalization of $19.10 billion, a P/E ratio of 101.18 and a beta of 0.77. Expedia has a 1-year low of $88.40 and a 1-year high of $133.55.

Expedia (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, October 27th. The online travel company reported $2.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.24 by $0.17. Expedia had a net margin of 2.11% and a return on equity of 10.39%. The firm had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the prior year, the business earned $2.07 EPS. The business’s quarterly revenue was up 33.2% on a year-over-year basis. On average, equities analysts expect that Expedia will post $4.76 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Tuesday, November 15th. Expedia’s payout ratio is 92.86%.

In other Expedia news, CEO Dara Khosrowshahi sold 101,300 shares of Expedia stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $125.03, for a total transaction of $12,665,539.00. Following the completion of the transaction, the chief executive officer now directly owns 394,046 shares of the company’s stock, valued at $49,267,571.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lance A. Soliday sold 1,500 shares of Expedia stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $111.00, for a total transaction of $166,500.00. Following the transaction, the insider now directly owns 2,915 shares of the company’s stock, valued at $323,565. The disclosure for this sale can be found here. Company insiders own 20.95% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Independent Portfolio Consultants Inc. raised its position in Expedia by 19.2% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,207 shares of the online travel company’s stock valued at $235,000 after buying an additional 355 shares during the last quarter. Capstone Asset Management Co. raised its position in Expedia by 18.3% in the second quarter. Capstone Asset Management Co. now owns 17,586 shares of the online travel company’s stock valued at $1,869,000 after buying an additional 2,723 shares during the last quarter. Atria Investments LLC purchased a new position in Expedia during the second quarter valued at approximately $555,000. CT Mason raised its position in Expedia by 1.1% in the second quarter. CT Mason now owns 25,493 shares of the online travel company’s stock valued at $2,710,000 after buying an additional 284 shares during the last quarter. Finally, Exxonmobil Investment Management Inc. TX raised its position in Expedia by 5.2% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 30,343 shares of the online travel company’s stock valued at $3,225,000 after buying an additional 1,493 shares during the last quarter. 83.07% of the stock is owned by institutional investors.

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