Expedia (NASDAQ:EXPE) had its price objective dropped by equities researchers at MKM Partners from $115.00 to $101.00 in a research note issued to investors on Wednesday. The brokerage presently has a “neutral” rating on the online travel company’s stock. MKM Partners’ target price would suggest a potential downside of 3.38% from the stock’s previous close.
EXPE has been the subject of a number of other reports. Cowen set a $135.00 price target on shares of Expedia and gave the company a “buy” rating in a report on Sunday, October 29th. Piper Jaffray Companies upped their price target on shares of Expedia to $135.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Stifel Nicolaus restated a “hold” rating and issued a $112.00 price objective (down from $140.00) on shares of Expedia in a report on Friday, February 9th. Oppenheimer restated a “buy” rating on shares of Expedia in a report on Wednesday, December 20th. Finally, Credit Suisse Group set a $132.00 price objective on shares of Expedia and gave the stock a “buy” rating in a report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have issued a buy rating to the stock. Expedia currently has an average rating of “Buy” and an average price target of $148.30.
Shares of Expedia (NASDAQ EXPE) opened at $104.53 on Wednesday. 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 0.70 and a debt-to-equity ratio of 0.61. The company has a market cap of $15,637.18, a price-to-earnings ratio of 28.29, a P/E/G ratio of 1.84 and a beta of 0.89.
In related news, insider Lance A. Soliday sold 2,401 shares of the stock in a transaction dated Thursday, December 21st. The shares were 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 approximately $691,405.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 20.95% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Expedia during the 3rd quarter valued at about $101,000. Delpha Capital Management LLC purchased a new stake in shares of Expedia during the 4th quarter valued at about $104,000. Dupont Capital Management Corp boosted its holdings in shares of Expedia by 90.9% during the 4th quarter. Dupont Capital Management Corp now owns 1,046 shares of the online travel company’s stock valued at $125,000 after acquiring an additional 498 shares during the last quarter. Krilogy Financial LLC boosted its holdings in shares of Expedia by 2,900.0% during the 3rd quarter. Krilogy Financial LLC now owns 900 shares of the online travel company’s stock valued at $130,000 after acquiring an additional 870 shares during the last quarter. Finally, Aristotle Atlantic Partners LLC purchased a new stake in shares of Expedia during the 4th quarter valued at about $207,000. 85.71% of the stock is currently owned by institutional investors.
TRADEMARK VIOLATION WARNING: “Expedia (EXPE) Price Target Cut to $101.00” was originally published by Markets Daily and is the property of of Markets Daily. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://www.themarketsdaily.com/2018/02/23/expedia-expe-price-target-cut-to-101-00.html.
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.
Receive News & Ratings for Expedia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expedia and related companies with MarketBeat.com's FREE daily email newsletter.