Expedia Inc. (EXPE) Stock Price Up 2.7%
Expedia Inc. (NASDAQ:EXPE)’s share price rose 2.7% during mid-day trading on Thursday . The company traded as high as $112.18 and last traded at $112.06, with a volume of 1,529,039 shares changing hands. The stock had previously closed at $109.12.
EXPE has been the topic of a number of recent research reports. Vetr raised shares of Expedia from a “buy” rating to a “strong-buy” rating and set a $129.43 price objective on the stock in a research note on Monday, May 9th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Expedia in a research note on Sunday, May 22nd. Atlantic Securities raised shares of Expedia from a “neutral” rating to an “overweight” rating and set a $130.00 price objective on the stock in a research note on Monday, June 20th. Jefferies Group reaffirmed a “hold” rating and issued a $125.00 price objective on shares of Expedia in a research note on Monday, June 27th. Finally, Zacks Investment Research raised shares of Expedia from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a research note on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eighteen have assigned a buy rating to the stock. Expedia presently has a consensus rating of “Buy” and an average target price of $130.34.
The company has a market capitalization of $16.94 billion and a price-to-earnings ratio of 83.92. The company has a 50 day moving average of $114.68 and a 200 day moving average of $110.17.
Expedia (NASDAQ:EXPE) last issued its earnings results on Thursday, July 28th. The online travel company reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.05. The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same period in the prior year, the company earned $0.89 earnings per share. The firm’s revenue was up 32.1% compared to the same quarter last year. On average, analysts forecast that Expedia Inc. will post $4.93 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, August 25th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.92%. This is an increase from Expedia’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Tuesday, August 23rd.
In other Expedia news, EVP Mark D. Okerstrom sold 56,664 shares of the company’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $114.97, for a total transaction of $6,514,660.08. Following the transaction, the executive vice president now owns 100,543 shares in the company, valued at $11,559,428.71. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Lance A. Soliday sold 1,300 shares of the company’s stock in a transaction on Wednesday, June 15th. The stock was 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 in the company, valued at approximately $285,998.10. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Expedia stock. BlackRock Advisors LLC raised its stake in Expedia Inc. (NASDAQ:EXPE) by 14.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 185,096 shares of the online travel company’s stock after buying an additional 23,398 shares during the period. BlackRock Advisors LLC owned approximately 0.14% of Expedia worth $23,007,000 at the end of the most recent reporting period.
Expedia, Inc is an online travel company. The Company makes travel products and services available, on a standalone and package basis, provided by various lodging properties, airlines, car rental companies, destination service providers, cruise lines and other travel product and service companies. Its Core OTA segment 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 throughout the world, Orbitz.com, Expedia Affiliate Network, Hotwire.com, Travelocity, Venere, Wotif Group, CarRentals.com, and Classic Vacations.
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