Expedia Inc. (EXPE) Trading Down 0.8%
Expedia Inc. (NASDAQ:EXPE) dropped 0.8% on Monday . The stock traded as low as $110.26 and last traded at $110.52, with a volume of 899,058 shares traded. The stock had previously closed at $111.36.
EXPE has been the topic of several analyst reports. Vetr raised Expedia from a “buy” rating to a “strong-buy” rating and set a $129.43 price target on the stock in a research report on Monday, May 9th. Cantor Fitzgerald restated a “buy” rating on shares of Expedia in a research report on Sunday, July 10th. Atlantic Securities upgraded Expedia from a “neutral” rating to an “overweight” rating and set a $130.00 target price on the stock in a research report on Monday, June 20th. Piper Jaffray Cos. restated an “overweight” rating and set a $147.00 target price on shares of Expedia in a research report on Monday, August 1st. Finally, Jefferies Group restated a “hold” rating on shares of Expedia in a research report on Monday, July 11th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eighteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $130.34.
The stock has a market capitalization of $16.44 billion and a price-to-earnings ratio of 81.45. The stock has a 50 day moving average of $114.86 and a 200-day moving average of $110.13.
Expedia (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, July 28th. The online travel company reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.05. During the same period in the prior year, the business earned $0.89 EPS. The company had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.25 billion. The business’s revenue for the quarter was up 32.1% on a year-over-year basis. Equities analysts anticipate that Expedia Inc. will post $4.93 earnings per share for the current year.
The business also recently declared 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 an increase from Expedia’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a yield of 0.95%. 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 stock in a transaction that occurred 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 of the company’s stock, valued at $11,559,428.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Craig A. Jacobson sold 8,000 shares of the stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $116.54, for a total transaction of $932,320.00. Following the transaction, the director now directly owns 40,896 shares in the company, valued at approximately $4,766,019.84. The disclosure for this sale can be found here.
A number of institutional investors recently bought and sold shares of EXPE. KBC Group NV increased its position in Expedia by 6.7% in the fourth quarter. KBC Group NV now owns 34,734 shares of the online travel company’s stock worth $4,318,000 after buying an additional 2,196 shares in the last quarter. Ameriprise Financial Inc. increased its position in Expedia by 1.5% in the fourth quarter. Ameriprise Financial Inc. now owns 914,973 shares of the online travel company’s stock worth $113,732,000 after buying an additional 13,590 shares in the last quarter. BlackRock Advisors LLC increased its position in Expedia by 14.5% in the fourth quarter. BlackRock Advisors LLC now owns 185,096 shares of the online travel company’s stock worth $23,007,000 after buying an additional 23,398 shares in the last quarter. Finally, State of Tennessee Treasury Department increased its position in Expedia by 40.3% in the fourth quarter. State of Tennessee Treasury Department now owns 145,520 shares of the online travel company’s stock worth $18,088,000 after buying an additional 41,792 shares in the last quarter.
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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