Expedia Inc (EXPE) was Reiterated by Barclays to “Overweight” according to the research note released today. The brokerage firm has raised the Price Target to $ 130 from a previous price target of $120 . Barclays advised their investors in a research report released on Jul 29, 2016.
On the company’s financial health, Expedia Inc reported $0.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.75. The company had revenue of $2196.00 million for the quarter, compared to analysts expectations of $2241.59 million. The company’s revenue was up 32.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS.
Expedia Inc opened for trading at $117.55 and hit $119.77 on the upside on Thursday, eventually ending the session at $119.27, with a gain of 1.77% or 2.07 points. The heightened volatility saw the trading volume jump to 46,95,171 shares. Company has a market cap of $17,746 M.
In a different news, on Jun 17, 2016, Lance A Soliday (Chief Accounting Officer) sold 1,300 shares at $105.34 per share price. According to the SEC, on May 9, 2016, Victor Kaufman (Vice Chairman) sold 65,200 shares at $112.76 per share price. On Apr 22, 2016, Dara Khosrowshahi (CEO) sold 32,500 shares at $79.49 per share price, according to the Form-4 filing with the securities and exchange commission.
Expedia Inc. (Expedia) is an online travel company. The Company provides travel products and services provided by various lodging properties airlines car rental companies destination service providers cruise lines and other travel product and service companies. Its segments include Core Online Travel Agencies which 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 around the world EAN Hotwire.com Travelocity Venere Wotif Group CarRentals.com and Classic Vacations; trivago which is engaged in sending referrals to online travel companies and travel service providers from its hotel metasearch Websites and Egencia which provides managed travel services. In addition it offers Travelocity Orbitz ebookers HotelClub and CheapTickets brands and business-to-business offerings including Orbitz Partner Network and Orbitz for Business.