Investors Sell Expedia, Inc. (EXPE) on Strength (EXPE)
Investors sold shares of Expedia, Inc. (NASDAQ:EXPE) on strength during trading on Monday. $52.38 million flowed into the stock on the tick-up and $119.15 million flowed out of the stock on the tick-down, for a money net flow of $66.77 million out of the stock. Of all stocks tracked, Expedia had the 0th highest net out-flow for the day. Expedia traded up $2.71 for the day and closed at $144.12
A number of analysts have recently issued reports on EXPE shares. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $190.00 price objective on shares of Expedia in a report on Monday, August 28th. Cantor Fitzgerald reiterated a “buy” rating and issued a $178.00 price objective on shares of Expedia in a report on Wednesday, May 31st. Credit Suisse Group set a $175.00 target price on shares of Expedia and gave the company a “buy” rating in a research note on Saturday, July 29th. Cowen and Company reissued a “buy” rating and issued a $170.00 target price on shares of Expedia in a research note on Sunday, August 27th. Finally, Zacks Investment Research cut shares of Expedia from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $163.02.
The stock has a 50-day moving average price of $148.50 and a 200-day moving average price of $140.80. The firm has a market cap of $22.04 billion, a PE ratio of 68.40 and a beta of 0.97.
Expedia (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, July 27th. The online travel company reported $0.89 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.05). The company had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Expedia had a return on equity of 10.98% and a net margin of 3.49%. Expedia’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period last year, the firm earned $0.83 earnings per share. On average, equities analysts anticipate that Expedia, Inc. will post $5.06 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be paid a $0.30 dividend. This is a boost from Expedia’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Tuesday, August 22nd. Expedia’s payout ratio is 56.87%.
In other news, EVP Mark D. Okerstrom sold 12,500 shares of Expedia stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $150.00, for a total value of $1,875,000.00. Following the sale, the executive vice president now directly owns 71,248 shares in the company, valued at approximately $10,687,200. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Dara Khosrowshahi sold 86,228 shares of Expedia stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $154.12, for a total value of $13,289,459.36. Following the completion of the sale, the chief executive officer now owns 518,576 shares in the company, valued at $79,922,933.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 146,826 shares of company stock worth $22,359,010. Corporate insiders own 20.88% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Cleararc Capital Inc. grew its position in shares of Expedia by 0.5% in the 1st quarter. Cleararc Capital Inc. now owns 2,948 shares of the online travel company’s stock worth $372,000 after buying an additional 16 shares during the last quarter. Merriman Wealth Management LLC boosted its position in shares of Expedia by 1.4% during the second quarter. Merriman Wealth Management LLC now owns 2,139 shares of the online travel company’s stock valued at $319,000 after purchasing an additional 29 shares in the last quarter. Blair William & Co. IL boosted its position in shares of Expedia by 0.6% during the second quarter. Blair William & Co. IL now owns 4,998 shares of the online travel company’s stock valued at $744,000 after purchasing an additional 30 shares in the last quarter. First Allied Advisory Services Inc. boosted its position in shares of Expedia by 1.3% during the second quarter. First Allied Advisory Services Inc. now owns 2,763 shares of the online travel company’s stock valued at $412,000 after purchasing an additional 35 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of Expedia by 0.8% during the second quarter. Nordea Investment Management AB now owns 4,996 shares of the online travel company’s stock valued at $744,000 after purchasing an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 84.42% of the company’s stock.
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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