Mark D. Okerstrom Sells 12,500 Shares of Expedia, Inc. (EXPE) Stock
Expedia, Inc. (NASDAQ:EXPE) EVP Mark D. Okerstrom sold 12,500 shares of the stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $150.41, for a total value of $1,880,125.00. Following the sale, the executive vice president now directly owns 71,248 shares in the company, valued at approximately $10,716,411.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Expedia, Inc. (NASDAQ:EXPE) opened at 149.26 on Friday. Expedia, Inc. has a 1-year low of $105.62 and a 1-year high of $161.00. The stock has a 50 day moving average price of $150.80 and a 200-day moving average price of $138.80. The firm has a market cap of $22.63 billion, a price-to-earnings ratio of 70.24 and a beta of 0.92.
Expedia (NASDAQ:EXPE) last issued its earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by $0.05. Expedia had a net margin of 3.49% and a return on equity of 10.98%. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the business posted $0.83 earnings per share. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. On average, equities research analysts expect that Expedia, Inc. will post $5.07 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, August 22nd. This is an increase from Expedia’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 0.80%. Expedia’s dividend payout ratio (DPR) is 56.87%.
A number of analysts recently commented on the company. Credit Suisse Group set a $151.00 price objective on Expedia and gave the company a “buy” rating in a research note on Sunday, April 30th. SunTrust Banks, Inc. assumed coverage on Expedia in a research note on Tuesday, August 15th. They set a “buy” rating and a $190.00 price objective on the stock. Oppenheimer Holdings, Inc. increased their price objective on Expedia from $145.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, May 1st. Raymond James Financial, Inc. reaffirmed a “market perform” rating and set a $139.00 price objective on shares of Expedia in a research note on Thursday, May 18th. They noted that the move was a valuation call. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Expedia in a research note on Wednesday, June 21st. Six research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $162.24.
A number of large investors have recently modified their holdings of EXPE. Sentry Investment Management LLC increased its stake in shares of Expedia by 1.1% in the second quarter. Sentry Investment Management LLC now owns 7,502 shares of the online travel company’s stock valued at $1,117,000 after buying an additional 82 shares during the period. Toronto Dominion Bank increased its stake in shares of Expedia by 410.3% in the second quarter. Toronto Dominion Bank now owns 166,202 shares of the online travel company’s stock valued at $24,751,000 after buying an additional 133,633 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Expedia during the second quarter valued at about $1,308,000. Colony Group LLC increased its stake in shares of Expedia by 4.6% in the second quarter. Colony Group LLC now owns 26,294 shares of the online travel company’s stock valued at $3,917,000 after buying an additional 1,155 shares during the period. Finally, Verition Fund Management LLC increased its stake in shares of Expedia by 66.2% in the second quarter. Verition Fund Management LLC now owns 9,807 shares of the online travel company’s stock valued at $1,461,000 after buying an additional 3,907 shares during the period. Hedge funds and other institutional investors own 81.22% of the company’s stock.
Expedia Company Profile
Expedia, Inc is an online travel company. The Company operates through four segments: Core Online Travel Agencies (Core OTA), trivago, Egencia and HomeAway. The Company’s Core OTA segment provides a range of travel and advertising services to its customers across the world, through a range of brands, including Expedia.com and Hotels.com in the United States, and localized Expedia and Hotels.com Websites throughout the world, Orbitz.com, Expedia Affiliate Network, Hotwire.com, Travelocity, Wotif Group, CarRentals.com and Classic Vacations.
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