Expedia (EXPE) Receives a Rating Update from a Top Analyst
In a report released today, Brian Fitzgerald from Wells Fargo maintained a Hold rating on Expedia (EXPE). The company’s shares closed last Wednesday at $79.58.
According to TipRanks.com, Fitzgerald is a top 25 analyst with an average return of 29.8% and a 78.8% success rate. Fitzgerald covers the Technology sector, focusing on stocks such as UBISOFT Entertainment, IAC/InterActiveCorp, and LiveRamp Holdings.
Currently, the analyst consensus on Expedia is a Moderate Buy with an average price target of $93.70, a 22.7% upside from current levels. In a report issued on May 19, Merrill Lynch also reiterated a Hold rating on the stock with a $88.00 price target.
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Based on Expedia’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.75 billion and net profit of $76 million. In comparison, last year the company earned revenue of $2.56 billion and had a net profit of $17 million.
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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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