Expedia Inc. (EXPE) Shares Gap Up to $107.57
Expedia Inc. (NASDAQ:EXPE) shares 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.
Several analysts have recently commented on the stock. Cantor Fitzgerald reiterated a “buy” rating on shares of Expedia in a research report on Sunday. Zacks Investment Research lowered shares of Expedia from a “buy” rating to a “hold” rating in a research report on Tuesday, July 5th. Barclays PLC reiterated an “overweight” rating and issued a $120.00 price target on shares of Expedia in a research report on Thursday, June 30th. Jefferies Group reiterated a “hold” rating and issued a $125.00 price target on shares of Expedia in a research report on Monday, June 27th. Finally, Atlantic Securities upgraded shares of Expedia from a “neutral” rating to an “overweight” rating and set a $130.00 price target on the stock in a research report on Monday, June 20th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seventeen have assigned a buy rating to the stock. Expedia currently has an average rating of “Buy” and a consensus price target of $129.03.
The stock has a market capitalization of $16.32 billion and a PE ratio of 25.47. The stock’s 50-day moving average price is $107.75 and its 200-day moving average price is $108.62.
Expedia (NASDAQ:EXPE) last released its earnings results on Thursday, April 28th. The online travel company reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.15. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.84 billion. Expedia’s revenue for the quarter was up 38.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.03) earnings per share. On average, equities research analysts predict 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. Investors of record on Thursday, May 26th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.88%. The ex-dividend date was Tuesday, May 24th.
In other news, Vice Chairman Victor Kaufman sold 65,200 shares of the stock in a transaction on Friday, May 6th. The shares were sold at an average price of $112.76, for a total value 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Lance A. Soliday sold 1,300 shares of the stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $105.34, for a total transaction of $136,942.00. Following the completion of the transaction, the chief accounting officer now owns 2,715 shares of the company’s stock, valued at approximately $285,998.10. The disclosure for this sale can be found here.
Several institutional investors have made changes to their positions in EXPE. Advantus Capital Management Inc boosted its position in shares of Expedia by 20.7% in the fourth quarter. Advantus Capital Management Inc now owns 11,483 shares of the online travel company’s stock worth $1,427,000 after buying an additional 1,973 shares in the last quarter. Andra AP fonden boosted its position in shares of Expedia by 269.7% in the fourth quarter. Andra AP fonden now owns 12,200 shares of the online travel company’s stock worth $1,516,000 after buying an additional 8,900 shares in the last quarter. Brown Advisory Inc. acquired a new position in shares of Expedia during the fourth quarter worth about $22,841,000. State of Wisconsin Investment Board boosted its position in shares of Expedia by 3.6% in the fourth quarter. State of Wisconsin Investment Board now owns 371,394 shares of the online travel company’s stock worth $46,164,000 after buying an additional 12,743 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its position in shares of Expedia by 2,098.5% in the fourth quarter. Neuberger Berman Group LLC now owns 93,347 shares of the online travel company’s stock worth $11,603,000 after buying an additional 89,101 shares in 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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