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Expedia shares plunge after-hours as third quarter earnings, revenues miss expectations

Expedia shares plunge after-hours as third quarter earnings, revenues miss expectations”

The consensus recommendation rating is a Moderate Buy What is Wall Street saying about Expedia, Inc. Therefore 100% are positive.

Valuation Ratios of Expedia, Inc. The stock's 50 day moving average price is $146.25 and its 200-day moving average price is $145.53. Expedia Inc. had 91 analyst reports since July 24, 2015 according to SRatingsIntel. Stifel Nicolaus has "Hold" rating and $130 target. The rating was upgraded by Oppenheimer on Thursday, November 5 to "Outperform". The company was maintained on Friday, July 31 by Deutsche Bank. The firm has "Buy" rating given on Thursday, March 17 by Moffett Nathanson. Benchmark maintained the stock with "Buy" rating in Tuesday, February 9 report. The stock declined 17.74% or $26.15 reaching $121.21 on the news. About 76,750 shares traded. Bitauto Hldg Ltd (ADR) (NYSE:BITA) has risen 69.99% since October 26, 2016 and is uptrending. It has underperformed by 33.57% the S&P500.

Among 22 analysts covering Amgen Inc. Vetr raised Expedia from a "buy" rating to a "strong-buy" rating and set a $133.20 price target on the stock in a research note on Wednesday, December 14th. AMC Entertainment had 52 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Amgen, Inc. Cowen & Co has "Buy" rating and $158.0 target. Morgan Stanley downgraded the stock to "Underweight" rating in Monday, May 16 report. The company was maintained on Friday, July 14 by Mizuho. The firm has "Outperform" rating given on Wednesday, April 12 by Wedbush. The firm has "Buy" rating given on Thursday, September 7 by Piper Jaffray. The stock has an average rating of "Buy" and an average target price of $161.41. The rating was initiated by Macquarie Research on Friday, July 8 with "Outperform". The company was maintained on Sunday, August 27 by Jefferies. This represents a $1.20 annualized dividend and a dividend yield of 0.81%. Corbyn Investment Mngmt Md reported 564,754 shares. 1,455 are held by Qs Investors. Thompson Davis Inc has 0.07% invested in Amgen, Inc. Serengeti Asset Mgmt L P stated it has 200,000 shares. 5,871 are held by Raymond James Services Advsr. Kcm Limited Liability Corp holds 0.02% or 1,716 shares in its portfolio. Salem Invest Counselors accumulated 9 shares.

"We believe Expedia and Trivago are facing more company-specific issues, and given Expedia's comments around a strong macro lodging environment, we think impact to Priceline should be limited", said JPMorgan Securities analyst Doug Anmuth. Schwab Charles holds 46,200 shares. Wagner Bowman Management accumulated 1,726 shares. Teachers Advisors LLC now owns 557,428 shares of the online travel company's stock valued at $70,331,000 after purchasing an additional 64,570 shares during the last quarter. Tiaa Cref Inv Mgmt Ltd Liability invested in 0.17% or 1.59 million shares. Cullen Frost Bankers holds 52,158 shares. $569,541 worth of Amgen, Inc. Another trade for 2,922 shares valued at $451,164 was made by Patton Cynthia M on Wednesday, May 24. Following the sale, the insider now directly owns 167,673 shares in the company, valued at approximately $25,031,902.17. The Company operates through four segments: Core Online Travel Agencies (Core OTA), trivago, Egencia and HomeAway. It has a 71.36 P/E ratio. 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. That suggests something of the likelihood of a short squeeze in shares of EXPE. Ellington Management Group Llc acquired 12,000 shares as Expedia Inc Del (EXPE)'s stock rose 18.57%. Its down 0.05, from 1.34 in 2017Q1. It dropped, as 44 investors sold Expedia Inc shares while 157 reduced holdings. 90 funds opened positions while 170 raised stakes. AMC's SI was 20.09 million shares in October as released by FINRA. Jefferies maintained Expedia Inc (NASDAQ:EXPE) on Thursday, September 28 with "Buy" rating.

Several large investors have recently added to or reduced their stakes in EXPE. Tennessee-based Patten Grp Incorporated has invested 0% in Expedia Inc (NASDAQ:EXPE). Oppenheimer And Com reported 16,990 shares stake. Renaissance Techs Ltd reported 0% of its portfolio in AMC Entertainment Holdings Inc (NYSE:AMC). Shine Inv Advisory Inc has invested 0.03% in Expedia Inc (NASDAQ:EXPE). Allen Ops Lc invested in 3.51% or 24,470 shares.

Also weighed down by increasing investment in marketing and infrastructure, it reported third-quarter profit of $2.51 per share for the third quarter, falling short of analysts' average estimate of $2.62 per share. First Advsrs Ltd Partnership reported 1.06M shares. Metropolitan Life Insurance New York owns 0.07% invested in Expedia Inc (NASDAQ:EXPE) for 63,660 shares.

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