Expedia, Inc. (EXPE) PT Set at $135.00 by Cowen and Company

Marco Green
November 15, 2017

Expedia Inc now has a P/E ratio of 47.58 and the market value is 18.38B. EXPE has diverse figures for different time frames; starting from week's performance reduced -2.20% in last five regular trading sessions. About 725,430 shares traded. However, if we compare to another popular travel site like Tripadvisor Inc (NASDAQ:TRIP), which trades at almost 66 times earnings, Expedia doesn't seem too expensive. It has outperformed by 13.73% the S&P500.The move comes after 5 months positive chart setup for the $18.44 billion company. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Brandywine Global Investment Management Llc bought 49,530 shares as the company's stock declined 1.46% while stock markets rallied. After $2.49 actual earnings per share reported by Expedia Inc for the previous quarter, Wall Street now forecasts -62.25% negative EPS growth.

Investors are a little more bullish on shares of the company as implied by the change in short interest. Tpg Group Hldgs (Sbs) Advsrs invested in 21,581 shares or 0.04% of the stock. If we take a wider approach, shares have been trading -12.11% away from the 200-day moving average. It has underperformed by 16.70% the S&P500. The firm presently has a "buy" rating on the online travel company's stock. Also, Director Dara Khosrowshahi sold 72,383 shares of the stock in a transaction that occurred on Friday, November 3rd. The co's performance for 6 months was plunged of -17.26%, 1-year performance stands at -0.76% and year to date showing surged performance of 6.18%.

A number of other hedge funds have also modified their holdings of EXPE. 124.48 million shares or 4.08% more from 119.60 million shares in 2017Q1 were reported. Teacher Retirement Systems Of Texas has 0% invested in Expedia Inc (NASDAQ:EXPE). Macquarie Group Inc Limited holds 0.01% of its portfolio in Expedia Inc (NASDAQ:EXPE) for 48,253 shares.

Expedia, Inc. has a 52 week low of $111.88 and a 52 week high of $161.00. Thompson Investment Mgmt, Wisconsin-based fund reported 508,131 shares. Hsbc Hldgs Public Llc has invested 0.02% in Expedia Inc (NASDAQ:EXPE). The New York-based National Asset Management has invested 0.09% in Expedia Inc (NASDAQ:EXPE). Cleararc Cap accumulated 2,967 shares. Captrust holds 266 shares or 0% of its portfolio. New Mexico Educational Retirement Board holds 0.09% or 11,328 shares. The stock was sold at an average price of $123.04, for a total transaction of $8,906,004.32.

Analysts await Matson, Inc. (NASDAQ:EXPE). This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell. The correct version of this report can be read at https://weekherald.com/2017/11/14/expedia-inc-expe-pt-set-at-147-00-by-credit-suisse-group.html. Nationwide Fund Advisors now owns 61,618 shares of the online travel company's stock valued at $7,192,000 after buying an additional 996 shares during the period. Expedia has a consensus rating of "Buy" and a consensus target price of $159.61. As per Friday, July 29, the company rating was maintained by Barclays Capital. The rating was maintained by TH Capital on Wednesday, August 19 with "Buy". Benchmark maintained Expedia Inc (NASDAQ:EXPE) on Tuesday, February 9 with "Buy" rating. Vetr downgraded it to "Buy" rating and $136.40 target in Thursday, September 17 report. The firm earned "Outperform" rating on Thursday, February 11 by RBC Capital Markets. Corporate insiders own 20.95% of the company's stock. The company was maintained on Monday, August 31 by Wells Fargo. Suntrust Robinson upgraded the shares of EXC in report on Monday, September 14 to "Buy" rating. As per Wednesday, April 26, the company rating was downgraded by Bank of America. The stock has "Buy" rating by SunTrust on Wednesday, October 18. Cowen & Co has "Hold" rating and $2700 target. UBS maintained the shares of EXC in report on Thursday, October 13 with "Neutral" rating. Jefferies maintained Exelon Corporation (NYSE:EXC) on Tuesday, June 20 with "Buy" rating.

Investors sentiment decreased to 0.79 in Q2 2017. 84 funds opened positions while 235 raised stakes. 723.10 million shares or 5.56% more from 685.01 million shares in 2017Q1 were reported. 1,302 are held by Vantage Invest Limited Liability Com. Sentinel Trust Lba reported 0.73% stake. Advantus Capital reported 12,310 shares or 0.05% of all its holdings. Gam Ag holds 0.07% or 33,590 shares. 58 were reported by Tradewinds Capital Mgmt Ltd Llc. Dorsal Management Ltd has 1.15 million shares. Apg Asset Mngmt Nv holds 178,277 shares. Plante Moran Fincl Advsrs Limited Liability Co stated it has 590 shares. Valley National Advisers owns 1,013 shares or 0.01% of their USA portfolio. Over the last quarter, insiders have sold 204,458 shares of company stock worth $25,573,970.

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