Oppenheimer Assigns a Buy Rating on Expedia

By Austin Angelo

In a report released today, Jed Kelly from Oppenheimer assigned a Buy rating to Expedia (NASDAQ: EXPE). The company’s shares closed yesterday at $145.66.

According to TipRanks.com, Kelly is a 5-star analyst with an average return of 20.9% and a 70.7% success rate. Kelly covers the Services sector, focusing on stocks such as Yatra Online Inc, TripAdvisor Inc, and Bankrate Inc.

Currently, the analyst consensus on Expedia is Strong Buy and the average price target is $173.13, representing a 18.9% upside.

In a report issued on August 30, RBC Capital also reiterated a Buy rating on the stock with a $175 price target.

The company has a one year high of $161 and a one year low of $105.62. Currently, Expedia has an average volume of 1.8M.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. Last month, Mark Okerstrom, the CFO of EXPE sold 12,500 shares for a total of $1,875,000.

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, Inc. is an online travel company. The company provides travel products and services to leisure and corporate travelers, including travel agencies, tour operators, travel supplier direct websites and call centers, consolidators and wholesalers of travel products and services, large online portals and search websites, certain travel meta-search websites, mobile travel applications, social media websites, as well as traditional consumer eCommerce and group buying websites. It also offers travel and non-travel advertisers access to a potential source of incremental traffic and transactions through its various media and advertising offerings on its transaction-based websites. The company operates through two business segments: Leisure and Egencia. The Leisure segment provides a full range of travel and advertising services to worldwide customers through a variety of brands including: Expedia.com and Hotels.com in the United States and localized Expedia and Hotels.com websites. The Egencia segment provides managed travel services to corporate customers in North America, Europe, and the Asia Pacific region. Expedia was founded on August 9, 2005 and is headquartered in Bellevue, WA.