Cowen Analysts Give Expedia (EXPE) a $125.00 Price Target
A number of other equities research analysts have also recently commented on the company. SunTrust Banks reiterated a buy rating and issued a $165.00 price target on shares of Expedia in a research note on Friday. Bank of America decreased their price target on Expedia from $145.00 to $138.00 and set a buy rating for the company in a research note on Friday. Morgan Stanley decreased their price target on Expedia from $160.00 to $150.00 and set an overweight rating for the company in a research note on Friday. Stifel Nicolaus reiterated a hold rating and issued a $112.00 price target (down from $140.00) on shares of Expedia in a research note on Friday. Finally, Credit Suisse Group set a $132.00 price target on Expedia and gave the company a buy rating in a research note on Friday. Ten equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $150.15.
Shares of Expedia (EXPE) opened at $102.82 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.70 and a debt-to-equity ratio of 0.61. Expedia has a 12 month low of $98.52 and a 12 month high of $161.00. The company has a market capitalization of $15,680.00, a PE ratio of 43.20, a price-to-earnings-growth ratio of 1.41 and a beta of 0.89.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Thursday, March 8th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.17%. Expedia’s dividend payout ratio (DPR) is 50.42%.
In related news, insider Lance A. Soliday sold 2,401 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $120.37, for a total transaction of $289,008.37. Following the sale, the insider now directly owns 5,744 shares of the company’s stock, valued at $691,405.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Dara Khosrowshahi sold 150,000 shares of the firm’s stock in a transaction dated 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 directly owns 522,348 shares in the company, valued at $65,293,500. The disclosure for this sale can be found here. 20.88% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Douglas Lane & Associates LLC grew its holdings in Expedia by 26.6% during the fourth quarter. Douglas Lane & Associates LLC now owns 313,239 shares of the online travel company’s stock worth $37,517,000 after acquiring an additional 65,821 shares during the period. Pinebridge Investments L.P. acquired a new stake in Expedia during the third quarter worth about $840,000. Teacher Retirement System of Texas grew its holdings in Expedia by 1,169.4% during the third quarter. Teacher Retirement System of Texas now owns 42,487 shares of the online travel company’s stock worth $6,116,000 after acquiring an additional 39,140 shares during the period. Boyd Watterson Asset Management LLC OH grew its holdings in Expedia by 23.3% during the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 10,279 shares of the online travel company’s stock worth $1,231,000 after acquiring an additional 1,940 shares during the period. Finally, Stevens Capital Management LP acquired a new stake in Expedia during the third quarter worth about $4,408,000. 82.50% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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