Today: The Expedia Inc. (EXPE) Price Target Raised to $165.00 at Royal Bank Of Canada

The Expedia Inc. (EXPE) Price Target Raised to $165.00 at Royal Bank Of Canada

Expedia Inc. (NASDAQ:EXPE) had its target price hoisted by investment analysts at Royal Bank Of Canada from $160.00 to $165.00 in a research note issued on Friday. The brokerage presently has an “outperform” rating on the online travel company’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 39.21% from the stock’s previous close.

Other analysts also recently issued reports about the company. Barclays PLC increased their target price on Expedia from $120.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, July 29th. Deutsche Bank AG cut their target price on Expedia from $142.00 to $138.00 and set a “buy” rating on the stock in a research note on Friday, July 29th. RBC Capital Markets reiterated a “buy” rating and set a $165.00 target price on shares of Expedia in a research note on Friday. Evercore ISI reiterated a “hold” rating and set a $125.00 target price on shares of Expedia in a research note on Tuesday, July 26th. Finally, Jefferies Group reiterated a “hold” rating and set a $125.00 target price on shares of Expedia in a research note on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $130.17.

Expedia (NASDAQ:EXPE) opened at 118.53 on Friday. Expedia has a 12 month low of $88.40 and a 12 month high of $140.51. The stock has a market cap of $17.75 billion, a PE ratio of 87.93 and a beta of 0.68. The company’s 50 day moving average price is $112.66 and its 200 day moving average price is $110.94.

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Expedia (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, July 28th. The online travel company reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.05. Expedia had a return on equity of 8.02% and a net margin of 2.33%. The company earned $2.92 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same quarter last year, the company earned $0.89 EPS. The firm’s revenue for the quarter was up 32.1% on a year-over-year basis. Equities analysts forecast that Expedia will post $4.92 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, August 25th were issued a $0.26 dividend. This is a positive change from Expedia’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, August 23rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.88%. Expedia’s payout ratio is presently 72.73%.

In related news, EVP Mark D. Okerstrom sold 56,664 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $114.97, for a total value of $6,514,660.08. Following the completion of the sale, the executive vice president now owns 100,543 shares in the company, valued at $11,559,428.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Craig A. Jacobson sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $116.54, for a total value of $932,320.00. Following the completion of the sale, the director now owns 40,896 shares of the company’s stock, valued at approximately $4,766,019.84. The disclosure for this sale can be found here. 20.95% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Checchi Capital Advisers LLC increased its position in shares of Expedia by 1.2% in the second quarter. Checchi Capital Advisers LLC now owns 962 shares of the online travel company’s stock worth $102,000 after buying an additional 11 shares during the period. CENTRAL TRUST Co increased its position in shares of Expedia by 2.1% in the second quarter. CENTRAL TRUST Co now owns 992 shares of the online travel company’s stock worth $106,000 after buying an additional 20 shares during the period. Catamount Wealth Management increased its position in shares of Expedia by 900.0% in the first quarter. Catamount Wealth Management now owns 1,000 shares of the online travel company’s stock worth $108,000 after buying an additional 900 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Expedia by 258.8% in the second quarter. Tower Research Capital LLC TRC now owns 1,245 shares of the online travel company’s stock worth $132,000 after buying an additional 898 shares during the period. Finally, Penserra Capital Management LLC increased its position in shares of Expedia by 194.6% in the second quarter. Penserra Capital Management LLC now owns 1,376 shares of the online travel company’s stock worth $146,000 after buying an additional 909 shares during the period. Hedge funds and other institutional investors own 82.00% of the company’s stock.

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