Expedia Inc. (EXPE) Sees Strong Trading Volume
Expedia Inc. (NASDAQ:EXPE) saw unusually-strong trading volume on Monday . Approximately 2,766,154 shares were traded during trading, an increase of 35% from the previous session’s volume of 2,048,244 shares.The stock last traded at $107.20 and had previously closed at $107.83.
EXPE has been the subject of a number of research analyst reports. Jefferies Group restated a “hold” rating on shares of Expedia in a report on Monday, July 18th. Cantor Fitzgerald restated a “buy” rating and set a $180.00 target price on shares of Expedia in a report on Sunday, May 22nd. Barclays PLC raised their target price on Expedia from $120.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, July 29th. Evercore ISI restated a “hold” rating and set a $125.00 target price on shares of Expedia in a report on Tuesday, July 26th. Finally, Deutsche Bank AG restated a “buy” rating on shares of Expedia in a report on Sunday, July 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seventeen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $129.99.
The firm’s 50 day moving average price is $113.92 and its 200-day moving average price is $110.57. The firm has a market cap of $15.89 billion, a PE ratio of 78.72 and a beta of 0.84.
Expedia (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, July 28th. The online travel company reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.05. Expedia had a return on equity of 8.02% and a net margin of 2.33%. The business had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter in the previous year, the firm posted $0.89 earnings per share. The company’s revenue was up 32.1% compared to the same quarter last year. Analysts anticipate that Expedia Inc. will post $4.93 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, August 25th were paid a $0.26 dividend. This is a boost from Expedia’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, August 23rd. This represents a $1.04 annualized dividend and a dividend yield of 0.98%. Expedia’s payout ratio is 72.73%.
In other Expedia news, EVP Mark D. Okerstrom sold 56,664 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $114.97, for a total transaction of $6,514,660.08. Following the sale, the executive vice president now owns 100,543 shares in the company, valued at $11,559,428.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Lance A. Soliday sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $111.00, for a total value of $166,500.00. Following the sale, the insider now owns 2,915 shares in the company, valued at approximately $323,565. The disclosure for this sale can be found here. Company insiders own 20.95% of the company’s stock.
A number of hedge funds have recently made changes to their positions in EXPE. Checchi Capital Advisers LLC boosted its stake in shares of Expedia by 1.2% in the second quarter. Checchi Capital Advisers LLC now owns 962 shares of the online travel company’s stock valued at $102,000 after buying an additional 11 shares during the last quarter. CENTRAL TRUST Co boosted its stake in shares of Expedia by 2.1% in the second quarter. CENTRAL TRUST Co now owns 992 shares of the online travel company’s stock valued at $106,000 after buying an additional 20 shares during the last quarter. Catamount Wealth Management boosted its stake in shares of Expedia by 900.0% in the first quarter. Catamount Wealth Management now owns 1,000 shares of the online travel company’s stock valued at $108,000 after buying an additional 900 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Expedia by 258.8% in the second quarter. Tower Research Capital LLC TRC now owns 1,245 shares of the online travel company’s stock valued at $132,000 after buying an additional 898 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its stake in shares of Expedia by 194.6% in the second quarter. Penserra Capital Management LLC now owns 1,376 shares of the online travel company’s stock valued at $146,000 after buying an additional 909 shares during the last quarter. Hedge funds and other institutional investors own 82.46% of the company’s stock.
Expedia Company Profile
Expedia, Inc is an online travel company. The Company makes travel products and services available, on a standalone and package basis, provided by various lodging properties, airlines, car rental companies, destination service providers, cruise lines and other travel product and service companies. Its Core OTA segment provides a range of travel and advertising services, 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, Venere, Wotif Group, CarRentals.com, and Classic Vacations.
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