Expedia, Inc. (NASDAQ:EXPE)‘s stock had its “overweight” rating reissued by equities researchers at Cantor Fitzgerald in a research note issued on Tuesday. They presently have a $175.00 price objective on the online travel company’s stock. Cantor Fitzgerald’s price target would suggest a potential upside of 42.46% from the stock’s previous close.
EXPE has been the topic of several other reports. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $155.00 price objective (up from $145.00) on shares of Expedia in a research note on Tuesday, November 1st. Susquehanna Bancshares Inc started coverage on Expedia in a research note on Wednesday, October 19th. They set a “positive” rating and a $160.00 price objective on the stock. Vetr upgraded Expedia from a “buy” rating to a “strong-buy” rating and set a $134.00 price objective on the stock in a research note on Tuesday, November 15th. Zacks Investment Research upgraded Expedia from a “sell” rating to a “hold” rating in a research note on Monday, October 24th. Finally, MKM Partners restated a “buy” rating and set a $145.00 price objective on shares of Expedia in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. Expedia currently has a consensus rating of “Buy” and an average price target of $138.42.
Expedia (NASDAQ:EXPE) opened at 122.84 on Tuesday. The company has a market cap of $18.43 billion, a price-to-earnings ratio of 97.65 and a beta of 0.69. Expedia has a 52 week low of $96.58 and a 52 week high of $133.55. The firm has a 50-day moving average of $118.12 and a 200-day moving average of $118.36.
In related news, insider Lance A. Soliday sold 1,982 shares of the company’s stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $116.62, for a total value of $231,140.84. Following the sale, the insider now directly owns 3,397 shares of the company’s stock, valued at $396,158.14. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 20.95% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of EXPE. Jennison Associates LLC acquired a new position in Expedia during the third quarter worth approximately $123,579,000. Coatue Management LLC increased its position in Expedia by 32.6% in the second quarter. Coatue Management LLC now owns 2,034,943 shares of the online travel company’s stock worth $216,315,000 after buying an additional 500,674 shares during the last quarter. Palestra Capital Management LLC acquired a new position in Expedia during the second quarter worth approximately $48,690,000. Two Sigma Advisers LP increased its position in Expedia by 33.3% in the third quarter. Two Sigma Advisers LP now owns 1,515,511 shares of the online travel company’s stock worth $176,890,000 after buying an additional 378,341 shares during the last quarter. Finally, BlackRock Advisors LLC increased its position in Expedia by 90.5% in the third quarter. BlackRock Advisors LLC now owns 752,852 shares of the online travel company’s stock worth $87,873,000 after buying an additional 357,591 shares during the last quarter. 85.28% of the stock is currently owned by institutional investors.
Expedia, Inc is an online travel company. The Company makes travel products and services available, on a standalone and package basis, provided by various lodging properties, airlines, car rental companies, destination service providers, cruise lines and other travel product and service companies. Its Core OTA segment provides a range of travel and advertising services, 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, Venere, Wotif Group, CarRentals.com, and Classic Vacations.