Expedia (EXPE) Given New $115.00 Price Target at JPMorgan Chase & Co.

Expedia (NASDAQ:EXPE) had its price target trimmed by JPMorgan Chase & Co. from $129.00 to $115.00 in a report released on Monday morning. The brokerage currently has a neutral rating on the online travel company’s stock.

A number of other analysts also recently issued reports on the stock. Morgan Stanley raised shares of Expedia from an equal weight rating to an overweight rating in a research report on Wednesday, January 10th. Citigroup reissued a buy rating and set a $170.00 target price (down previously from $180.00) on shares of Expedia in a research report on Friday, October 27th. SunTrust Banks increased their target price on shares of Expedia to $180.00 and gave the stock a buy rating in a research report on Friday, January 12th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Expedia from a hold rating to a buy rating and set a $148.00 target price for the company in a research report on Tuesday, January 16th. Finally, Deutsche Bank reissued a buy rating and set a $171.00 target price (down previously from $175.00) on shares of Expedia in a research report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $149.81.

Shares of Expedia (EXPE) opened at $100.10 on Monday. The stock has a market cap of $15,260.00, a P/E ratio of 42.06, a P/E/G ratio of 1.44 and a beta of 0.89. Expedia has a 1 year low of $98.52 and a 1 year high of $161.00. The company has a current ratio of 0.70, a quick ratio of 0.72 and a debt-to-equity ratio of 0.61.

Expedia (NASDAQ:EXPE) last posted its earnings results on Thursday, February 8th. The online travel company reported $0.84 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.31). The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.35 billion. Expedia had a return on equity of 9.66% and a net margin of 3.76%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the company posted $1.17 EPS. analysts expect that Expedia will post 4.28 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Thursday, March 8th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Wednesday, March 7th. Expedia’s dividend payout ratio (DPR) is currently 50.42%.

In other news, Director Dara Khosrowshahi sold 150,000 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $125.00, for a total transaction of $18,750,000.00. Following the completion of the transaction, the director now directly owns 522,348 shares in the company, valued at approximately $65,293,500. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Lance A. Soliday sold 2,401 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $120.37, for a total value of $289,008.37. Following 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. Corporate insiders own 20.88% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Douglas Lane & Associates LLC boosted its stake in shares of Expedia by 26.6% during the 4th quarter. Douglas Lane & Associates LLC now owns 313,239 shares of the online travel company’s stock valued at $37,517,000 after buying an additional 65,821 shares during the last quarter. Pinebridge Investments L.P. bought a new position in Expedia during the third quarter worth $840,000. Teacher Retirement System of Texas lifted its stake 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 purchasing an additional 39,140 shares during the last quarter. Boyd Watterson Asset Management LLC OH lifted its stake 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 purchasing an additional 1,940 shares during the last quarter. Finally, Stevens Capital Management LP bought a new position in Expedia during the third quarter worth $4,408,000. Institutional investors own 82.50% of the company’s stock.

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Expedia Company Profile

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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