Positive Report for Expedia (EXPE) from Jefferies

Jefferies analyst John Colantuoni upgraded Expedia to a Buy today and set a price target of $300.00.

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Colantuoni covers the Consumer Cyclical sector, focusing on stocks such as Expedia, Carvana Co, and Airbnb. According to TipRanks, Colantuoni has an average return of 5.1% and a 54.43% success rate on recommended stocks.

In addition to Jefferies, Expedia also received a Buy from Evercore ISI’s Mark Mahaney in a report issued on March 27. However, today, TipRanks – PerPlexity reiterated a Hold rating on Expedia (NASDAQ: EXPE).

Based on Expedia’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.55 billion and a net profit of $205 million. In comparison, last year the company earned a revenue of $3.18 billion and had a net profit of $299 million

Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EXPE in relation to earlier this year. Earlier this month, Robert Dzielak, the CLO & Sec’y of EXPE sold 8,225.00 shares for a total of $1,816,244.50.