Expedia (EXPE) Gets a Hold from Bernstein
In a report released today, Richard Clarke from Bernstein maintained a Hold rating on Expedia, with a price target of $253.00.
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Clarke covers the Consumer Cyclical sector, focusing on stocks such as Airbnb, Booking Holdings, and TripAdvisor. According to TipRanks, Clarke has an average return of 3.6% and a 55.49% success rate on recommended stocks.
In addition to Bernstein, Expedia also received a Hold from Wells Fargo’s Ken Gawrelski in a report issued on April 14. However, on April 7, BTIG maintained a Buy 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. Last month, Robert Dzielak, the CLO & Sec’y of EXPE sold 8,225.00 shares for a total of $1,816,244.50.
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