Expedia (EXPE) Receives a Buy from Deutsche Bank

In a report issued on March 11, Lee Horowitz from Deutsche Bank initiated coverage with a Buy rating on Expedia (EXPEResearch Report) and a price target of $218.00. The company’s shares closed last Friday at $179.31.

According to TipRanks.com, Horowitz is ranked #263 out of 7784 analysts.

Currently, the analyst consensus on Expedia is a Moderate Buy with an average price target of $219.30.

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Based on Expedia’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.28 billion and net profit of $386 million. In comparison, last year the company earned revenue of $920 million and had a GAAP net loss of $383 million.

Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EXPE in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Expedia Group, Inc. is an online travel company, which engages in the provision of travel products and services to leisure and corporate travellers. It operates through the following business segments: Core Online Travel Agency(OTA), Trivago, Vrbo, and Egencia. The Core OTA segment offers full range of travel and advertising services to worldwide customers through a variety of brands including: Expedia.com and Hotels.com. The Trivago segment involves in sending referrals to online travel companies and travel service providers from its hotel metasearch websites. The Vrbo segment operates an online marketplace for the alternative accommodations industry. The Egencia segment manages travel services to corporate customers worldwide. The company was founded in 1994 and is headquartered in Seattle, WA.

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