Expedia Inc. (EXPE) Shares Gap Up to $107.57
Expedia Inc. (NASDAQ:EXPE) gapped up prior to trading on Friday . The stock had previously closed at $107.09, but opened at $107.57. Expedia shares last traded at $109.09, with a volume of 853,981 shares changing hands.
A number of brokerages have recently weighed in on EXPE. Royal Bank Of Canada reiterated a “buy” rating on shares of Expedia in a report on Saturday, March 19th. Piper Jaffray Cos. restated a “buy” rating on shares of Expedia in a research report on Saturday, March 19th. Credit Suisse Group AG restated a “hold” rating and set a $134.00 price objective (up previously from $130.00) on shares of Expedia in a research report on Saturday, April 30th. Vetr lowered Expedia from a “strong-buy” rating to a “buy” rating and set a $125.28 price objective for the company. in a research report on Monday, May 2nd. Finally, Cantor Fitzgerald restated a “buy” rating on shares of Expedia in a research report on Saturday, June 4th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seventeen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $129.03.
The firm has a market cap of $16.32 billion and a P/E ratio of 25.47. The firm has a 50 day moving average price of $107.75 and a 200-day moving average price of $108.62.
Expedia (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, April 28th. The online travel company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.15. The firm earned $1.90 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the firm posted ($0.03) EPS. Expedia’s revenue was up 38.6% compared to the same quarter last year. Equities research analysts expect that Expedia Inc. will post $5.12 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Stockholders of record on Thursday, May 26th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Tuesday, May 24th.
In other news, CAO Lance A. Soliday sold 1,300 shares of the company’s stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $105.34, for a total value of $136,942.00. Following the transaction, the chief accounting officer now owns 2,715 shares in the company, valued at $285,998.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman Victor Kaufman sold 65,200 shares of the company’s stock in a transaction that occurred on Friday, May 6th. The stock was sold at an average price of $112.76, for a total transaction of $7,351,952.00. Following the completion of the transaction, the insider now owns 181,958 shares in the company, valued at approximately $20,517,584.08. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have recently modified their holdings of the company. Burney Co. increased its position in shares of Expedia by 0.9% in the fourth quarter. Burney Co. now owns 19,245 shares of the online travel company’s stock valued at $2,427,000 after buying an additional 181 shares in the last quarter. Advantus Capital Management Inc boosted its position in Expedia by 20.7% in the fourth quarter. Advantus Capital Management Inc now owns 11,483 shares of the online travel company’s stock valued at $1,427,000 after buying an additional 1,973 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its position in Expedia by 8.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 27,074 shares of the online travel company’s stock valued at $3,365,000 after buying an additional 2,039 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in Expedia by 18.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 13,153 shares of the online travel company’s stock valued at $1,635,000 after buying an additional 2,094 shares during the last quarter. Finally, World Asset Management Inc boosted its position in Expedia by 21.1% in the fourth quarter. World Asset Management Inc now owns 12,743 shares of the online travel company’s stock valued at $1,584,000 after buying an additional 2,219 shares during the last quarter.
Expedia, Inc (Expedia) is an online travel company. The Company provides travel products and services provided by various lodging properties, airlines, car rental companies, destination service providers, cruise lines and other travel product and service companies. Its segments include Core Online Travel Agencies, which 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 around the world, EAN, Hotwire.com, Travelocity, Venere, Wotif Group, CarRentals.com and Classic Vacations; trivago, which is engaged in sending referrals to online travel companies and travel service providers from its hotel metasearch Websites, and Egencia, which provides managed travel services.
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