The RBC Capital Markets Reiterates “Buy” Rating for Expedia Inc. (EXPE)

The RBC Capital Markets Reiterates “Buy” Rating for Expedia Inc. (EXPE)

Expedia Inc. (NASDAQ:EXPE)‘s stock had its “buy” rating reissued by analysts at RBC Capital Markets in a note issued to investors on Friday. They currently have a $165.00 price objective on the online travel company’s stock. RBC Capital Markets’ target price suggests a potential upside of 39.21% from the company’s current price.

EXPE has been the subject of a number of other reports. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Expedia in a research note on Friday, August 19th. Jefferies Group reaffirmed a “hold” rating and issued a $125.00 price target on shares of Expedia in a research note on Monday, August 1st. Deutsche Bank AG lowered their price target on Expedia from $142.00 to $138.00 and set a “buy” rating for the company in a research note on Friday, July 29th. JPMorgan Chase & Co. lowered their price target on Expedia from $127.00 to $118.00 and set a “neutral” rating for the company in a research note on Friday, July 29th. Finally, Atlantic Securities raised Expedia from a “neutral” rating to an “overweight” rating and set a $130.00 price target for the company in a research note on Monday, June 20th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seventeen have issued a buy rating to the company. Expedia presently has a consensus rating of “Buy” and an average target price of $130.17.

Expedia (NASDAQ:EXPE) opened at 118.53 on Friday. Expedia has a 52-week low of $88.40 and a 52-week high of $140.51. The stock’s 50 day moving average is $112.66 and its 200 day moving average is $110.94. The company has a market cap of $17.75 billion, a price-to-earnings ratio of 87.93 and a beta of 0.68.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th were paid a dividend of $0.26 per share. This is an increase from Expedia’s previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, August 23rd. This represents a $1.04 annualized dividend and a yield of 0.88%. Expedia’s payout ratio is presently 72.73%.

In other news, insider Lance A. Soliday sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $111.00, for a total value of $166,500.00. Following the completion of the transaction, the insider now owns 2,915 shares of the company’s stock, valued at $323,565. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark D. Okerstrom sold 56,664 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $114.97, for a total value of $6,514,660.08. Following the completion of the transaction, the executive vice president now directly owns 100,543 shares of the company’s stock, valued at approximately $11,559,428.71. The disclosure for this sale can be found here. Company insiders own 20.95% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXPE. Vanguard Group Inc. increased its position in Expedia by 18.6% in the fourth quarter. Vanguard Group Inc. now owns 10,347,846 shares of the online travel company’s stock valued at $1,286,237,000 after buying an additional 1,621,123 shares in the last quarter. State Street Corp increased its position in Expedia by 0.8% in the first quarter. State Street Corp now owns 4,851,376 shares of the online travel company’s stock valued at $523,064,000 after buying an additional 38,192 shares in the last quarter. JPMorgan Chase & Co. increased its position in Expedia by 13.3% in the second quarter. JPMorgan Chase & Co. now owns 4,092,152 shares of the online travel company’s stock valued at $434,995,000 after buying an additional 479,617 shares in the last quarter. Wellington Management Group LLP increased its position in Expedia by 211.9% in the first quarter. Wellington Management Group LLP now owns 3,706,987 shares of the online travel company’s stock valued at $399,687,000 after buying an additional 2,518,390 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in Expedia by 3.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,101,264 shares of the online travel company’s stock valued at $329,664,000 after buying an additional 93,900 shares in the last quarter. 82.00% of the stock is owned by institutional investors.

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