Investors Buy Expedia, Inc. (EXPE) on Weakness Following Insider Selling
Traders purchased shares of Expedia, Inc. (NASDAQ:EXPE) on weakness during trading hours on Friday after an insider sold shares in the company. $23.79 million flowed into the stock on the tick-up and $16.17 million flowed out of the stock on the tick-down, for a money net flow of $7.62 million into the stock. Of all stocks tracked, Expedia had the 28th highest net in-flow for the day. Expedia traded down ($0.17) for the day and closed at $126.81Specifically, Director Dara Khosrowshahi sold 72,383 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $123.04, for a total value of $8,906,004.32. Following the transaction, the director now directly owns 494,731 shares in the company, valued at $60,871,702.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Victor Kaufman sold 119,575 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $123.67, for a total value of $14,787,840.25. Following the completion of the transaction, the insider now owns 169,575 shares in the company, valued at $20,971,340.25. The disclosure for this sale can be found here. Insiders sold 352,548 shares of company stock worth $43,689,017 over the last 90 days. Company insiders own 20.95% of the company’s stock.
Several equities analysts have recently commented on EXPE shares. Jefferies Group LLC restated a “hold” rating and issued a $140.00 price objective on shares of Expedia in a research report on Sunday, July 30th. Credit Suisse Group set a $175.00 price objective on Expedia and gave the company a “buy” rating in a research report on Saturday, July 29th. Stifel Nicolaus restated a “hold” rating and issued a $160.00 price objective (up from $135.00) on shares of Expedia in a research report on Sunday, July 30th. UBS AG restated a “buy” rating and issued a $178.00 price objective (up from $155.00) on shares of Expedia in a research report on Monday, July 31st. Finally, Zacks Investment Research downgraded Expedia from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Nine investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $159.61.
The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $19,332.96, a price-to-earnings ratio of 31.99, a PEG ratio of 1.98 and a beta of 0.90.
Expedia (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, October 26th. The online travel company reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.61 by ($0.10). The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Expedia had a net margin of 4.09% and a return on equity of 10.71%. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.41 EPS. analysts predict that Expedia, Inc. will post 3.91 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 0.95%. Expedia’s dividend payout ratio is currently 47.43%.
A number of institutional investors have recently bought and sold shares of the business. Merriman Wealth Management LLC lifted its holdings in Expedia by 1.4% during the second quarter. Merriman Wealth Management LLC now owns 2,139 shares of the online travel company’s stock worth $319,000 after buying an additional 29 shares during the period. Blair William & Co. IL lifted its holdings in Expedia by 0.6% during the second quarter. Blair William & Co. IL now owns 4,998 shares of the online travel company’s stock worth $744,000 after buying an additional 30 shares during the period. First Allied Advisory Services Inc. lifted its holdings in 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 worth $412,000 after buying an additional 35 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Expedia by 0.8% during the 2nd 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 during the last quarter. Finally, Veritable L.P. lifted its holdings in shares of Expedia by 1.5% during the 2nd quarter. Veritable L.P. now owns 4,497 shares of the online travel company’s stock valued at $670,000 after purchasing an additional 66 shares during the last quarter. Institutional investors own 81.81% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This story was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this story can be accessed at https://www.watchlistnews.com/investors-buy-expedia-inc-expe-on-weakness-following-insider-selling/1726574.html.
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.
Receive News & Ratings for Expedia Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expedia Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.