Wells Fargo & Co Reiterates “Buy” Rating for Expedia (EXPE)
Expedia (NASDAQ:EXPE)‘s stock had its “buy” rating reiterated by investment analysts at Wells Fargo & Co in a research report issued to clients and investors on Friday. They currently have a $130.00 price target on the online travel company’s stock. Wells Fargo & Co’s price target points to a potential upside of 29.87% from the stock’s current price.
A number of other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Expedia from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. BidaskClub raised shares of Expedia from a “sell” rating to a “hold” rating in a report on Saturday, January 13th. SunTrust Banks increased their price objective on shares of Expedia to $180.00 and gave the stock a “buy” rating in a report on Friday, January 12th. They noted that the move was a valuation call. Morgan Stanley raised shares of Expedia from an “equal weight” rating to an “overweight” rating in a report on Wednesday, January 10th. Finally, Vetr cut shares of Expedia from a “strong-buy” rating to a “buy” rating and set a $140.63 target price on the stock. in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-one have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $149.81.
Expedia (EXPE) traded down $1.66 during mid-day trading on Friday, hitting $100.10. 4,010,900 shares of the company were exchanged, compared to its average volume of 2,786,359. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.72 and a current ratio of 0.70. Expedia has a 1-year low of $98.52 and a 1-year high of $161.00. The firm has a market cap of $15,600.00, a PE ratio of 42.99, a PEG ratio of 1.81 and a beta of 0.89.
In other Expedia news, Director Dara Khosrowshahi sold 150,000 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $125.00, for a total value of $18,750,000.00. Following the completion of the transaction, the director now directly owns 522,348 shares in the company, valued at $65,293,500. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 completion of the transaction, the insider now owns 5,744 shares of the company’s stock, valued at $691,405.28. The disclosure for this sale can be found here. Company insiders own 20.95% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the business. MetLife Investment Advisors LLC purchased a new stake in shares of Expedia in the fourth quarter worth approximately $4,556,000. Gotham Asset Management LLC lifted its position in shares of Expedia by 903.8% in the fourth quarter. Gotham Asset Management LLC now owns 130,142 shares of the online travel company’s stock worth $15,587,000 after purchasing an additional 117,177 shares in the last quarter. BB&T Securities LLC purchased a new stake in shares of Expedia in the fourth quarter worth approximately $706,000. Kazazian Asset Management LLC purchased a new stake in shares of Expedia in the fourth quarter worth approximately $886,000. Finally, Millennium Management LLC lifted its position in shares of Expedia by 502.2% in the fourth quarter. Millennium Management LLC now owns 442,005 shares of the online travel company’s stock worth $52,939,000 after purchasing an additional 368,604 shares in the last quarter. Institutional investors own 82.50% of the company’s stock.
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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