News headlines about Expedia (NASDAQ:EXPE) have been trending somewhat positive on Monday, Accern Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Expedia earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news articles about the online travel company an impact score of 46.6910741963613 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have impacted Accern’s rankings:
- Butensky & Cohen Financial Security, Inc Buys McKesson Corp, Expedia Inc, Sells EI … – Nasdaq (nasdaq.com)
- Expedia, Inc. (EXPE) Given Consensus Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Butensky & Cohen Financial Security, Inc Buys McKesson Corp, Expedia Inc, Sells EI du Pont de Nemours, Teva … – GuruFocus.com (gurufocus.com)
- Expedia, Inc. (EXPE) Expected to Announce Quarterly Sales of $3.02 Billion (americanbankingnews.com)
- JetBlue drops 12 OTAs in bid to cut costs (hotelmarketing.com)
Several brokerages have weighed in on EXPE. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $175.00 target price on shares of Expedia in a research report on Thursday, September 7th. Guggenheim reaffirmed a “buy” rating and issued a $175.00 target price (down from $190.00) on shares of Expedia in a research report on Thursday, September 7th. Zacks Investment Research lowered Expedia from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $180.00 target price on shares of Expedia in a research report on Thursday, September 28th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $173.00 target price on shares of Expedia in a research report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Expedia presently has an average rating of “Buy” and a consensus price target of $163.34.
Expedia (EXPE) opened at 152.80 on Monday. Expedia has a 52-week low of $111.88 and a 52-week high of $161.00. The company’s 50 day moving average price is $146.04 and its 200 day moving average price is $144.87. The company has a market cap of $23.17 billion, a P/E ratio of 71.91 and a beta of 0.92.
Expedia (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.05). Expedia had a net margin of 3.49% and a return on equity of 10.98%. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter last year, the firm posted $0.83 earnings per share. The company’s quarterly revenue was up 17.8% on a year-over-year basis. Equities research analysts anticipate that Expedia will post $4.99 EPS for the current fiscal year.
In other Expedia news, EVP Mark D. Okerstrom sold 12,500 shares of the company’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $150.41, for a total transaction of $1,880,125.00. Following the completion of the sale, the executive vice president now directly owns 71,248 shares in the company, valued at $10,716,411.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dara Khosrowshahi sold 86,228 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $154.12, for a total value of $13,289,459.36. Following the sale, the chief executive officer now owns 518,576 shares of the company’s stock, valued at $79,922,933.12. The disclosure for this sale can be found here. Insiders have sold 146,826 shares of company stock valued at $22,359,010 over the last 90 days. Corporate insiders own 20.95% of the company’s stock.
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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.
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