Expedia Target of Unusually High Options Trading (EXPE)
Expedia Inc (NASDAQ:EXPE) was the recipient of unusually large options trading on Monday. Investors purchased 13,299 put options on the stock. This represents an increase of 440% compared to the average volume of 2,463 put options.
In related news, CEO Dara Khosrowshahi sold 86,228 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $154.12, for a total transaction of $13,289,459.36. Following the transaction, the chief executive officer now directly owns 518,576 shares in the company, valued at $79,922,933.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Okerstrom sold 12,500 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 71,248 shares in the company, valued at $10,687,200. The disclosure for this sale can be found here. Insiders have sold 146,826 shares of company stock worth $22,359,010 over the last 90 days. 20.88% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. raised its position in shares of Expedia by 345.3% in the fourth quarter. Macquarie Group Ltd. now owns 11,800 shares of the online travel company’s stock valued at $1,337,000 after buying an additional 9,150 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of Expedia during the first quarter valued at about $146,000. Candriam Luxembourg S.C.A. raised its position in shares of Expedia by 34.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 7,331 shares of the online travel company’s stock valued at $925,000 after buying an additional 1,897 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its position in shares of Expedia by 5.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,294 shares of the online travel company’s stock valued at $389,000 after buying an additional 161 shares in the last quarter. Finally, Glen Harbor Capital Management LLC raised its position in shares of Expedia by 18.6% in the first quarter. Glen Harbor Capital Management LLC now owns 6,494 shares of the online travel company’s stock valued at $819,000 after buying an additional 1,020 shares in the last quarter. 84.42% of the stock is owned by institutional investors and hedge funds.
Expedia (NASDAQ:EXPE) opened at 143.44 on Thursday. The company has a 50 day moving average price of $150.80 and a 200-day moving average price of $138.80. Expedia has a 52-week low of $105.62 and a 52-week high of $161.00. The firm has a market cap of $21.75 billion, a price-to-earnings ratio of 67.50 and a beta of 0.92.
Expedia (NASDAQ:EXPE) last announced 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. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. Expedia had a return on equity of 5.47% and a net margin of 2.08%. The firm’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.83 earnings per share. Equities research analysts anticipate that Expedia will post $5.10 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be given a dividend of $0.30 per share. This is a positive change from Expedia’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 0.84%. The ex-dividend date is Tuesday, August 22nd. Expedia’s dividend payout ratio (DPR) is currently 56.87%.
EXPE has been the topic of several research analyst reports. Cantor Fitzgerald restated a “buy” rating and set a $178.00 price objective on shares of Expedia in a research note on Wednesday, May 31st. SunTrust Banks, Inc. restated a “buy” rating and set a $190.00 price objective on shares of Expedia in a research note on Monday. Credit Suisse Group set a $175.00 price objective on Expedia and gave the stock a “buy” rating in a research note on Saturday, July 29th. Cowen and Company restated a “buy” rating and set a $170.00 price objective on shares of Expedia in a research note on Sunday. Finally, Zacks Investment Research lowered Expedia from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Six equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $162.60.
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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