Atlantic Equities Upgrades Expedia Inc to Overweight

Brokerage firm Atlantic Equities Upgrades its rating on Expedia Inc(NASDAQ:EXPE). The shares have been rated Overweight. Previously, the analysts had a Neutral rating on the shares. The rating by Atlantic Equities was issued on Jun 20, 2016.

In a different note, Pacific Crest said it Initiates Coverage on Expedia Inc, according to a research note issued on Mar 31, 2016. The shares have been rated ‘Sector Weight’ by the firm.

Expedia Inc (EXPE) shares turned negative on Fridays trading session with the shares closing down -8.14 points or -7.41% at a volume of 54,46,651. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $106.28. The peak price level was also seen at $106.28 while the days lowest was $101.22. Finally the shares closed at $101.76. The 52-week high of the shares is $140.51 while the 52-week low is $88.4. According to the latest information available, the market cap of the company is $15,140 M.

Expedia Inc(EXPE) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.90B. Analysts had an estimated revenue of $1.84B. Earnings per share were $0.09. Analysts had estimated an EPS of $-0.04.

Several Insider Transactions has been reported to the SEC. On Jun 17, 2016, Lance A Soliday (Chief Accounting Officer) sold 1,300 shares at $105.34 per share price.Also, On May 9, 2016, Victor Kaufman (Vice Chairman) sold 65,200 shares at $112.76 per share price.On Apr 22, 2016, Dara Khosrowshahi (CEO) sold 32,500 shares at $79.49 per share price, according to the Form-4 filing with the securities and exchange commission.

Expedia Inc. (Expedia) is an online travel company. The Company provides travel products and services provided by various lodging properties airlines car rental companies destination service providers cruise lines and other travel product and service companies. Its segments include Core Online Travel Agencies which provides a range of travel and advertising services through a range of brands including and in the United States and localized Expedia and Websites around the world EAN Travelocity Venere Wotif Group and Classic Vacations; trivago which is engaged in sending referrals to online travel companies and travel service providers from its hotel metasearch Websites and Egencia which provides managed travel services. In addition it offers Travelocity Orbitz ebookers HotelClub and CheapTickets brands and business-to-business offerings including Orbitz Partner Network and Orbitz for Business.

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