NEW YORK (TheStreet) -- Expedia (EXPE) - Get Report price target was raised to $115 from $106 at Jefferies, which maintained its "hold" rating.

Yesterday, Expedia posted its 2015 second quarter financial results with earnings of $3.38 per share on revenue of $1.66 billion. This compares to earnings of $0.67 per share on revenue of $1.50 billion for the same period one year ago.

The firm noted that Expedia reported a strong quarter with revenue up more than 15%, beating their estimate of $1.63 billion versus consensus of $1.64 billion.

"Expedia saw 28% year over year organic hotel room nights growth in the second quarter 2015 and we think that, similar to Priceline (PCLN) , the company continues to take market share from smaller players," Jefferies analysts said.

Advertisements and media revenue grew nicely too with solid contribution from trivago, the firm added.

Shares of Expedia are gaining 7.79% to $115.99 in pre-market trading on Friday.

Separately, TheStreet Ratings team rates EXPEDIA INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate EXPEDIA INC (EXPE) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

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