Expedia Gains After Profit, Sales Beat Analysts’ Estimates

This is in line with analysts’ estimates of $1.65 billion. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Post opening the session at $105.51, the shares hit an intraday low of $104 and an intraday high of $105.7 and the price vacillated in this range throughout the day.

Wall Street sell-side analysts have placed a $112.066 one year price target on Expedia, Inc. Deutsche Bank boosted their price objective on Expedia from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Friday. Shareholders of record on Thursday, August 27th will be given a $0.24 dividend.

Its revenue increased 11 percent in the second quarter compared to a year earlier. RBC Capital reiterated an “outperform” rating and issued a $140.00 price objective (up previously from $130.00) on shares of Expedia in a research report on Monday. (LONG). In May, Expedia sold its 62.4 percent equity stake in eLong, Inc. for about $671 million to several purchasers including Ctrip.com global, Ltd. (CTRP). The online travel company reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters consensus estimate of $0.84 by $0.05, AnalystRatingsNetwork.com reports. Morgan Stanley restated an “equal weight” rating and issued a $100.00 price target on shares of Expedia in a research note on Thursday.

The company said its “room night growth” for its travel property listings rose 25%, a decline from the prior-year quarter’s 28% rate. The analyst placed a $120.00 price target on the stock which indicates a 13.22% upside to the last closing price. Ten research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock.

Expedia, Inc. (NASDAQ:EXPE) is an on-line travel business. As of December 31, 2011, the Company’s portfolio of travel brands featuring supply portfolio, including over 145,000 hotels in 200 countries, 300 airlines, packages, rental cars, cruises, as well as destination services and activities. Additionally, it offers non and traveling -travel advertisers access to a possible source of incremental traffic and transactions. It runs in two sections: Leisure and Egencia. Travel suppliers distribute and market products through its sites, its private label business and its call centers. Its brands include Travelocity, Expedia Affiliate Network, Classic Vacations, Expedia Local Specialist, Expedia CruiseShipCenters and CarRentals.com, among others.