Expedia (EXPE) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Expedia (NASDAQ:EXPE) from a sell rating to a hold rating in a research report released on Wednesday.

According to Zacks, “Expedia’s strong focus on expansion of room & hotel portfolio is the key catalyst. The company’s offering of discounts in its chain hotels also remain positive for user base growth. Moreover, Expedia will be able to retain its customers to a great extent with the strategy of discount offering and thus it will drive the top-line growth. Also, strengthening business in several geographic regions is likely to attract more customers to the platform. Estimates have been stable lately ahead of the company’s Q1 earnings release. However, technology and content expenses might grow faster than revenues due to increasing cloud spending and the impact of key investments. Notably, the shares of Expedia have  underperformed the industry it belongs to over a year.”

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A number of other analysts have also weighed in on EXPE. BidaskClub lowered shares of Expedia from a buy rating to a hold rating in a research note on Tuesday. DA Davidson assumed coverage on shares of Expedia in a research note on Wednesday, April 4th. They set a buy rating and a $132.00 price objective for the company. ValuEngine upgraded shares of Expedia from a sell rating to a hold rating in a research note on Monday, April 9th. Needham & Company LLC lowered shares of Expedia from a buy rating to a hold rating in a research note on Friday, February 9th. Finally, Bank of America reduced their price objective on shares of Expedia from $145.00 to $138.00 and set a buy rating for the company in a research note on Friday, February 9th. Fourteen equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Expedia has a consensus rating of Buy and a consensus target price of $145.08.

NASDAQ:EXPE opened at $109.77 on Wednesday. The stock has a market cap of $16,909.53, a price-to-earnings ratio of 29.51, a PEG ratio of 2.20 and a beta of 1.04. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.70 and a quick ratio of 0.70. Expedia has a fifty-two week low of $98.52 and a fifty-two week high of $161.00.

Expedia (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, February 8th. The online travel company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.31). The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.35 billion. Expedia had a net margin of 3.76% and a return on equity of 9.66%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.17 earnings per share. equities research analysts expect that Expedia will post 3.49 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Investors of record on Thursday, March 8th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, March 7th. This represents a $1.20 annualized dividend and a yield of 1.09%. Expedia’s dividend payout ratio (DPR) is 32.26%.

A number of hedge funds and other institutional investors have recently made changes to their positions in EXPE. Ladenburg Thalmann Financial Services Inc. grew its position in Expedia by 16.3% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,103 shares of the online travel company’s stock valued at $734,000 after buying an additional 714 shares during the period. Parametric Portfolio Associates LLC grew its position in Expedia by 10.7% during the third quarter. Parametric Portfolio Associates LLC now owns 255,708 shares of the online travel company’s stock valued at $36,807,000 after buying an additional 24,754 shares during the period. DnB Asset Management AS grew its position in Expedia by 29.1% during the fourth quarter. DnB Asset Management AS now owns 16,879 shares of the online travel company’s stock valued at $2,022,000 after buying an additional 3,800 shares during the period. Boyd Watterson Asset Management LLC OH grew its position 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 valued at $1,231,000 after buying an additional 1,940 shares during the period. Finally, Bank of Montreal Can lifted its holdings in Expedia by 37.6% during the fourth quarter. Bank of Montreal Can now owns 93,158 shares of the online travel company’s stock valued at $11,157,000 after purchasing an additional 25,473 shares in the last quarter. Institutional investors own 80.19% of the company’s stock.

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About Expedia

Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.

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