Stock analysts at Wells Fargo initiated coverage on shares of Expedia Inc (NASDAQ:EXPE) in a report released on Monday, The Fly reports. The firm set an “outperform” rating on the online travel company’s stock.

Other hedge funds and institutional investors have recently modified their holdings of the company. Chevy Chase Trust Holdings increased its position in shares of Expedia by 19.9% in the fourth quarter. Chevy Chase Trust Holdings now owns 190,935 shares of the online travel company’s stock worth $23,733,000 after buying an additional 31,628 shares during the last quarter. Mackay Shields purchased a new position in shares of Expedia during the fourth quarter worth about $6,901,000. Contravisory Investment Management purchased a new position in shares of Expedia during the fourth quarter worth about $6,884,000. Marcus Capital purchased a new position in shares of Expedia during the fourth quarter worth about $3,505,000. Finally, ExxonMobil Investment Management increased its position in shares of Expedia by 14.9% in the fourth quarter. ExxonMobil Investment Management now owns 26,380 shares of the online travel company’s stock worth $3,279,000 after buying an additional 3,413 shares during the last quarter.

A number of other analysts have also recently issued reports on EXPE. Deutsche Bank reissued a “buy” rating on shares of Expedia in a research note on Tuesday, September 29th. Zacks Investment Research raised shares of Expedia from a “hold” rating to a “buy” rating and set a $128.00 price objective for the company in a research note on Wednesday, September 30th. Piper Jaffray reissued a “hold” rating and issued a $120.00 price objective (up from $115.00) on shares of Expedia in a research note on Thursday, October 1st. Vetr cut shares of Expedia from a “strong-buy” rating to a “buy” rating and set a $133.60 price objective for the company. in a research note on Thursday, October 1st. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $140.00 price objective on shares of Expedia in a research note on Saturday, October 17th. Eleven analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $137.92.

Shares of Expedia (NASDAQ:EXPE) opened at 107.12 on Monday. The company has a market capitalization of $13.91 billion and a P/E ratio of 16.81. Expedia has a 1-year low of $76.34 and a 1-year high of $140.51. The firm has a 50-day moving average of $119.74 and a 200 day moving average of $120.21.

Expedia (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, October 29th. The online travel company reported $2.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.05. During the same period last year, the company earned $1.93 earnings per share. The firm earned $1.94 billion during the quarter, compared to analysts’ expectations of $1.95 billion. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, analysts anticipate that Expedia will post $3.98 EPS for the current year.

Expedia, Inc. (NASDAQ:EXPE) 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 Expedia.com and Hotels.com in the United States and localized Expedia and Hotels.com Websites around the world, EAN, Hotwire.com, Travelocity, Venere, Wotif Group, CarRentals.com 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.

12 Month Chart for NASDAQ:EXPE

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