Price Action to Note: What Next for Expedia Inc Stock After Today’s Big Increase?

Price Action to Note: What Next for Expedia Inc Stock After Today's Big Increase?

The stock of Expedia Inc (NASDAQ:EXPE) is a huge mover today! About 694,002 shares traded hands. Expedia Inc (NASDAQ:EXPE) has risen 11.38% since March 9, 2016 and is uptrending. It has outperformed by 3.97% the S&P500.
The move comes after 7 months positive chart setup for the $17.65B company. It was reported on Oct, 12 by Barchart.com. We have $172.23 PT which if reached, will make NASDAQ:EXPE worth $7.94 billion more.

Analysts await Expedia Inc (NASDAQ:EXPE) to report earnings on November, 3. They expect $2.23 EPS, up 40.25% or $0.64 from last year’s $1.59 per share. EXPE’s profit will be $331.36M for 13.32 P/E if the $2.23 EPS becomes a reality. After $0.40 actual EPS reported by Expedia Inc for the previous quarter, Wall Street now forecasts 457.50% EPS growth.

Expedia Inc (NASDAQ:EXPE) Ratings Coverage

Out of 24 analysts covering Expedia Inc. (NASDAQ:EXPE), 16 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 67% are positive. Expedia Inc. has been the topic of 43 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was downgraded by William Blair on Thursday, November 5 to “Market Perform”. The company was maintained on Friday, October 30 by Benchmark. The stock of Expedia Inc (NASDAQ:EXPE) has “Sell” rating given on Monday, February 22 by Stifel Nicolaus. The firm has “Outperform” rating by RBC Capital Markets given on Friday, October 7. Brean Capital maintained Expedia Inc (NASDAQ:EXPE) rating on Thursday, March 10. Brean Capital has “Buy” rating and $27 price target. As per Thursday, September 17, the company rating was maintained by Cantor Fitzgerald. Credit Suisse maintained the shares of EXPE in a report on Thursday, February 11 with “Neutral” rating. The stock of Expedia Inc (NASDAQ:EXPE) has “Buy” rating given on Monday, July 27 by Benchmark. As per Monday, June 20, the company rating was upgraded by Atlantic Securities. Nomura maintained the stock with “Neutral” rating in Thursday, February 11 report.

According to Zacks Investment Research, “Expedia, Inc. is one of the world’s leading travel services companies. The company provides wholesale travel to offline retail travel agents. Expedia, Inc.’s main businesses and brands include: Expedia.com, Hotels.com, Hotwire, Expedia Corporate Travel, Trip Advisor and Classic Custom Vacations. Expedia, Inc.’s companies also operate internationally with sites in Canada, the United Kingdom, Germany, France, Italy, Netherlands and China, through its investment in eLong.”

Insitutional Activity: The institutional sentiment increased to 0.92 in 2016 Q2. Its up 0.18, from 0.74 in 2016Q1. The ratio increased, as 57 funds sold all Expedia Inc shares owned while 175 reduced positions. 71 funds bought stakes while 142 increased positions. They now own 120.22 million shares or 1.74% less from 122.35 million shares in 2016Q1.
The New York-based Oppenheimer & has invested 0.03% in Expedia Inc (NASDAQ:EXPE). Pacific Global Invest Communication accumulated 2,717 shares or 0.07% of the stock. Pictet Asset owns 141,956 shares or 0.06% of their US portfolio. Mizuho Asset Management Coltd has 1,661 shares for 0.03% of their US portfolio. State Treasurer State Of Michigan accumulated 40,764 shares or 0.03% of the stock. Allen Ny holds 3.41% or 148,909 shares in its portfolio. Toronto Dominion Retail Bank, a Ontario – Canada-based fund reported 682 shares. X Co Ltd accumulated 1,578 shares or 0.01% of the stock. Commerzbank Aktiengesellschaft Fi holds 0.02% or 26,460 shares in its portfolio. California Employees Retirement System has 285,541 shares for 0.05% of their US portfolio. Arcadia Inv Mngmt Mi last reported 0% of its portfolio in the stock. Telemus Capital Ltd, a Michigan-based fund reported 12,000 shares. Td Asset Management Inc owns 55,435 shares or 0.01% of their US portfolio. Geode Cap Ltd Co has 0.06% invested in the company for 986,031 shares. Srs Management Limited Company last reported 418,890 shares in the company.

More important recent Expedia Inc (NASDAQ:EXPE) news were published by: Prnewswire.com which released: “Expedia, Inc. Announces Completion of Consent Solicitation to Amend Its 5.95 …” on October 03, 2016, also Prnewswire.com published article titled: “Expedia, Inc. Announces Consent Solicitation to Amend Its 5.95% Senior Notes …”, Profitconfidential.com published: “Expedia Inc: EXPE Stock is Setting Up to Fly into Year-End” on September 30, 2016. More interesting news about Expedia Inc (NASDAQ:EXPE) was released by: Seekingalpha.com and their article: “Trivago IPO: An Attractive Opportunity” with publication date: October 11, 2016.

EXPE Company Profile

Expedia, Inc., incorporated on April 18, 2005, is an online travel company. The Firm makes travel services and products available, on a standalone and package basis, provided by various lodging properties, airlines, car rental companies, destination service providers, cruise lines and other travel product and service companies. The Firm also offers travel and non-travel advertisers access to a potential source of incremental traffic and transactions through its media and advertising offerings on its transaction Websites. The Company’s Core OTA segment provides a range of travel and advertising services to its clients 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, Venere, Wotif Group, CarRentals.com, and Classic Vacations. The Company’s trivago segment sends referrals to online travel companies and travel service providers from its hotel metasearch Websites. The Company’s Egencia segment, which also includes Orbitz for Business, provides managed travel services to corporate clients across the world. The Company’s HomeAway segment operates an online marketplace for the vacation rental industry.

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