Expedia Inc. (EXPE) Shares Up 2.7%
Shares of Expedia Inc. (NASDAQ:EXPE) shot up 2.7% during mid-day trading on Thursday . The stock 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.
Several brokerages have recently issued reports on EXPE. Deutsche Bank AG restated a “buy” rating on shares of Expedia in a research report on Sunday, July 10th. Cantor Fitzgerald restated a “buy” rating on shares of Expedia in a research report on Saturday, June 4th. Jefferies Group restated a “hold” rating on shares of Expedia in a research report on Monday, July 11th. Barclays PLC upped their target price on shares of Expedia from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, July 29th. Finally, Zacks Investment Research lowered shares of Expedia from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $130.34.
The stock has a 50 day moving average of $114.56 and a 200-day moving average of $110.21. The company has a market cap of $16.78 billion and a PE ratio of 83.12.
Expedia (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, July 28th. The online travel company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.05. The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.25 billion. The business’s revenue was up 32.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.89 earnings per share. Analysts expect that Expedia Inc. will post $4.93 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th will be paid a dividend of $0.26 per share. This is a boost from Expedia’s previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, August 23rd. This represents a $1.04 annualized dividend and a yield of 0.93%.
In other news, CAO Lance A. Soliday sold 1,300 shares of the 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 sale, the chief accounting officer now owns 2,715 shares in the company, valued at $285,998.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark D. Okerstrom sold 56,664 shares of the stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $114.97, for a total value of $6,514,660.08. Following the sale, the executive vice president now owns 100,543 shares in the company, valued at approximately $11,559,428.71. The disclosure for this sale can be found here.
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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