Expedia, Inc. (EXPE) Earns “Hold” Rating from Stifel Nicolaus

Stifel Nicolaus restated their hold rating on shares of Expedia, Inc. (NASDAQ:EXPE) in a research note issued to investors on Thursday. Stifel Nicolaus currently has a $160.00 price target on the online travel company’s stock.

“We are adjusting our Expedia model to incorporate reduced trivago forecasts and our PT remains $160. Key Points Trivago reduces full year guidance: Trivago reduced its revenue growth guidance for FY:17 to 40% y/y, from 50% y/y previously, implying 2H:17 revenue ~18% lower than previously expected. Adj. EBITDA is now expected to be lower y/y but remain positive, versus guidance previously calling for a slightly improved EBITDA margin. Trivago attributed revenue growth headwinds primarily to a greater-than-anticipated pricing impact from the unwinding of its relevance assessment program, which launched at the end of 2016. The relevance assessment program required advertisers with lower relevance scores to place higher bids in the auction system to drive equivalent volume to their sites.”,” Stifel Nicolaus’ analyst commented.

Several other brokerages have also issued reports on EXPE. TheStreet upgraded Expedia from a c+ rating to a b rating in a research note on Thursday, July 27th. Royal Bank Of Canada restated an outperform rating and set a $175.00 price target (up from $160.00) on shares of Expedia in a research note on Friday, July 28th. Credit Suisse Group set a $175.00 price target on Expedia and gave the company a buy rating in a research note on Saturday, July 29th. Jefferies Group LLC restated a hold rating and set a $140.00 price target on shares of Expedia in a research note on Sunday, July 30th. Finally, UBS AG restated a buy rating and set a $178.00 price target (up from $155.00) on shares of Expedia in a research note on Monday, July 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $163.02.

Expedia (NASDAQ EXPE) traded down 1.78% on Thursday, reaching $141.41. The company’s stock had a trading volume of 1,378,157 shares. The stock’s 50 day moving average is $148.78 and its 200-day moving average is $140.32. The firm has a market capitalization of $21.44 billion, a PE ratio of 66.55 and a beta of 0.97. Expedia has a 52 week low of $105.62 and a 52 week high of $161.00.

Expedia (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by $0.05. Expedia had a net margin of 3.49% and a return on equity of 10.98%. The firm had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the prior year, the firm earned $0.83 earnings per share. The company’s revenue was up 17.8% on a year-over-year basis. Analysts predict that Expedia will post $5.04 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be issued a dividend of $0.30 per share. This is an increase from Expedia’s previous quarterly dividend of $0.28. The ex-dividend date is Tuesday, August 22nd. This represents a $1.20 annualized dividend and a yield of 0.85%. Expedia’s dividend payout ratio is currently 56.87%.

In other Expedia news, CEO Dara Khosrowshahi sold 86,228 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $154.12, for a total transaction of $13,289,459.36. Following the completion of the sale, the chief executive officer now owns 518,576 shares in the company, valued at approximately $79,922,933.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Victor Kaufman sold 35,598 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $149.29, for a total transaction of $5,314,425.42. Following the sale, the insider now owns 167,673 shares of the company’s stock, valued at approximately $25,031,902.17. The disclosure for this sale can be found here. Insiders have sold a total of 146,826 shares of company stock valued at $22,359,010 in the last quarter. Corporate insiders own 20.95% of the company’s stock.

Several institutional investors have recently modified their holdings of the business. Sentry Investment Management LLC raised its position in shares of Expedia by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 7,502 shares of the online travel company’s stock valued at $1,117,000 after acquiring an additional 82 shares during the last quarter. Toronto Dominion Bank raised its position in shares of Expedia by 410.3% during the 2nd quarter. Toronto Dominion Bank now owns 166,202 shares of the online travel company’s stock valued at $24,751,000 after acquiring an additional 133,633 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Expedia during the 2nd quarter valued at $1,308,000. Colony Group LLC raised its position in shares of Expedia by 4.6% during the 2nd quarter. Colony Group LLC now owns 26,294 shares of the online travel company’s stock valued at $3,917,000 after acquiring an additional 1,155 shares during the last quarter. Finally, Verition Fund Management LLC raised its position in shares of Expedia by 66.2% during the 2nd quarter. Verition Fund Management LLC now owns 9,807 shares of the online travel company’s stock valued at $1,461,000 after acquiring an additional 3,907 shares during the last quarter. Institutional investors own 84.42% of the company’s stock.

About Expedia

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.

Analyst Recommendations for Expedia (NASDAQ:EXPE)

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