Expedia (NASDAQ:EXPE) announced its earnings results on Thursday. The travel company reported an adjusted EPS of $0.89 for the quarter, also surpassing the consensus estimate of $0.84 per share. (NASDAQ:EXPE) is expected to report earnings per share for the current fiscal quarter of $1.77.
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The company, which owns the website that bears its name as well as Hotels.com, Hotwire and a host of other brands, said its board of directors approved a 33 percent rise in its September dividend to 24 cents per share. Furthermore, revenues clocked in at $1.654 billion, in line with estimates of $1.655 billion. The company has a 50-day moving average price of $108.16 and a 200 day moving average price of $98.44. Expedia, Inc. (NASDAQ:EXPE): 15 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $109.67 in Expedia, Inc. This represents a $0.96 dividend on an annualized basis and a yield of 0.89%.
Taking this into account, let’s review the recent hedgie actions regarding Expedia Inc (NASDAQ:EXPE). Benchmark Co. boosted their target price on Expedia from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday. Morgan Stanley reaffirmed an “equal weight” rating and set a $100.00 price target on shares of Expedia in a report on Thursday. (LONG). In May, Expedia sold its 62.4 percent equity stake in eLong, Inc. for about $671 million to several purchasers including Ctrip.com worldwide, Ltd. (CTRP). Finally, Jefferies Group reiterated a “hold” rating and issued a $106.00 price objective (up previously from $97.00) on shares of Expedia in a report on Thursday, July 23rd.
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The average recommendation is the arithmetical average of the individual analyst ratings contributed by sell-side research to produce a Consensus Analyst Rating for each stock. The analyst placed a $120.00 price target on the stock which indicates a 13.22% upside to the last closing price. Expedia has a 52-week low of $107.23 and a 52-week high of $112.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Its portfolio of brands includes Expedia.com, a service online travel agency with sites in over 25 countries; luxury travel specialist, Classic Vacations; destination services and concierge services provider Expedia Local Expert (ELE); Expedia CruiseShipCenters; Egencia, the corporate travel management company; eLong, Inc. It also provides non and traveling -traveling advertisers access to a potential supply of transactions and incremental traffic.
