Expedia Inc. (EXPE) Shares Gap Down to $109.43
Expedia Inc. (NASDAQ:EXPE)’s share price gapped down before the market opened on Monday . The stock had previously closed at $109.06, but opened at $109.43. Expedia shares last traded at $111.25, with a volume of 912,947 shares changing hands.
EXPE has been the subject of several recent research reports. Vetr raised Expedia from a “buy” rating to a “strong-buy” rating and set a $129.43 price target for the company in a report on Monday, May 9th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $165.00 price target on shares of Expedia in a report on Sunday, March 13th. Pacific Crest initiated coverage on Expedia in a report on Thursday, March 31st. They issued a “sector weight” rating for the company. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $180.00 price target on shares of Expedia in a report on Thursday, March 17th. Finally, Atlantic Securities raised Expedia from a “neutral” rating to an “overweight” rating and set a $130.00 price target for the company in a report on Monday, June 20th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seventeen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $129.03.
The firm has a market cap of $16.59 billion and a P/E ratio of 25.90. The firm’s 50 day moving average price is $107.78 and its 200 day moving average price is $108.23.
Expedia (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, April 28th. The online travel company reported $0.09 earnings per share 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 period in the previous year, the company earned ($0.03) earnings per share. The business’s quarterly revenue was up 38.6% on a year-over-year basis. On average, equities research analysts forecast that Expedia Inc. will post $5.12 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Thursday, May 26th were given a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, May 24th. This represents a $0.96 dividend on an annualized basis and a yield of 0.86%.
In other news, CAO Lance A. Soliday sold 1,300 shares of the stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $105.34, for a total transaction of $136,942.00. Following the transaction, the chief accounting officer now owns 2,715 shares of the company’s stock, valued at $285,998.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Victor Kaufman sold 65,200 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 181,958 shares in the company, valued at approximately $20,517,584.08. The disclosure for this sale can be found here.
Other institutional investors recently modified their holdings of the company. Matarin Capital Management LLC bought a new position in shares of Expedia during the fourth quarter valued at approximately $3,893,000. Stephens Investment Management Group LLC bought a new position in shares of Expedia during the fourth quarter valued at approximately $6,546,000. US Bancorp DE boosted its position in shares of Expedia by 17.6% in the fourth quarter. US Bancorp DE now owns 42,679 shares of the online travel company’s stock valued at $5,305,000 after buying an additional 6,383 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Expedia by 34.2% in the fourth quarter. Marshall Wace LLP now owns 116,951 shares of the online travel company’s stock valued at $14,537,000 after buying an additional 29,804 shares during the last quarter. Finally, Eaton Vance Management boosted its position in shares of Expedia by 330.0% in the fourth quarter. Eaton Vance Management now owns 13,224 shares of the online travel company’s stock valued at $1,644,000 after buying an additional 10,149 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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