Traders Sell Shares of Expedia, Inc. (EXPE) on Strength (EXPE)
Traders sold shares of Expedia, Inc. (NASDAQ:EXPE) on strength during trading hours on Thursday. $44.93 million flowed into the stock on the tick-up and $149.92 million flowed out of the stock on the tick-down, for a money net flow of $104.99 million out of the stock. Of all stocks tracked, Expedia had the 5th highest net out-flow for the day. Expedia traded up $0.87 for the day and closed at $122.04
A number of equities research analysts recently issued reports on EXPE shares. Jefferies Group LLC reaffirmed a “hold” rating and issued a $140.00 target price on shares of Expedia in a research note on Sunday, July 30th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $160.00 target price (up previously from $135.00) on shares of Expedia in a research note on Sunday, July 30th. Credit Suisse Group set a $175.00 target price on Expedia and gave the company a “buy” rating in a research note on Saturday, July 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $175.00 target price (up previously from $160.00) on shares of Expedia in a research note on Friday, July 28th. Finally, TheStreet raised Expedia from a “c+” rating to a “b” rating in a research note on Thursday, July 27th. Nine research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $159.61.
The firm has a market cap of $18,610.00, a P/E ratio of 30.75, a price-to-earnings-growth ratio of 1.90 and a beta of 0.90. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.60.
Expedia (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, October 26th. The online travel company reported $2.51 earnings per share for the quarter, missing the consensus estimate of $2.61 by ($0.10). The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.98 billion. Expedia had a return on equity of 32.00% and a net margin of 11.78%. Expedia’s revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.41 EPS. analysts expect that Expedia, Inc. will post 3.91 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Thursday, November 16th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 15th. This represents a $1.20 annualized dividend and a yield of 0.98%. Expedia’s dividend payout ratio (DPR) is 47.43%.
In other Expedia news, Director Dara Khosrowshahi sold 72,383 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $123.04, for a total value of $8,906,004.32. Following the sale, the director now 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 the SEC website. Also, Vice Chairman Victor Kaufman sold 119,575 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $123.67, for a total transaction of $14,787,840.25. Following the completion of the sale, the insider now owns 169,575 shares in the company, valued at approximately $20,971,340.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 215,048 shares of company stock worth $26,819,142. 20.95% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in EXPE. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Expedia in the third quarter valued at approximately $101,000. San Francisco Sentry Investment Group CA acquired a new stake in shares of Expedia in the second quarter valued at approximately $102,000. Fiduciary Trust Co. acquired a new stake in shares of Expedia in the second quarter valued at approximately $127,000. Krilogy Financial LLC increased its stake in shares of Expedia by 2,900.0% in the third quarter. Krilogy Financial LLC now owns 900 shares of the online travel company’s stock valued at $130,000 after purchasing an additional 870 shares during the period. Finally, Sun Life Financial INC increased its stake in shares of Expedia by 10,987.5% in the second quarter. Sun Life Financial INC now owns 887 shares of the online travel company’s stock valued at $132,000 after purchasing an additional 879 shares during the period. Institutional investors own 82.88% of the company’s stock.
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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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