Investors Buy Expedia, Inc. (EXPE) on Weakness
Investors purchased shares of Expedia, Inc. (NASDAQ:EXPE) on weakness during trading on Tuesday. $73.10 million flowed into the stock on the tick-up and $46.20 million flowed out of the stock on the tick-down, for a money net flow of $26.90 million into the stock. Of all companies tracked, Expedia had the 30th highest net in-flow for the day. Expedia traded down ($0.62) for the day and closed at $147.61
EXPE has been the topic of several research reports. Deutsche Bank AG reissued a “buy” rating and set a $175.00 price objective (up previously from $158.00) on shares of Expedia in a research note on Wednesday, July 26th. Morgan Stanley reissued an “equal weight” rating and set a $170.00 price objective (up previously from $135.00) on shares of Expedia in a research note on Tuesday, July 18th. Zacks Investment Research lowered shares of Expedia from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Citigroup Inc. raised shares of Expedia from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $147.89 to $130.00 in a research note on Wednesday, June 28th. Finally, Cowen and Company reissued a “buy” rating and set a $170.00 price objective on shares of Expedia in a research note on Sunday, August 27th. Six research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Expedia presently has a consensus rating of “Buy” and a consensus target price of $162.60.
The firm has a market capitalization of $22.38 billion, a price-to-earnings ratio of 69.46 and a beta of 0.97. The company’s 50 day moving average price is $149.75 and its 200 day moving average price is $140.26.
Expedia (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, July 27th. The online travel company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.94 by $0.05. Expedia had a net margin of 3.49% and a return on equity of 10.98%. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the firm posted $0.83 earnings per share. The business’s revenue was up 17.8% on a year-over-year basis. Equities analysts predict that Expedia, Inc. will post $5.07 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.81%. This is a boost from Expedia’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Tuesday, August 22nd. Expedia’s payout ratio is presently 56.87%.
In other Expedia news, Vice Chairman Victor Kaufman sold 35,598 shares of Expedia stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $149.29, for a total transaction of $5,314,425.42. Following the completion of the sale, the insider now directly owns 167,673 shares in the company, valued at approximately $25,031,902.17. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mark D. Okerstrom sold 12,500 shares of Expedia stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $150.00, for a total transaction of $1,875,000.00. Following the sale, the executive vice president now owns 71,248 shares of the company’s stock, valued at $10,687,200. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 146,826 shares of company stock valued at $22,359,010. Company insiders own 20.88% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cleararc Capital Inc. lifted its stake in Expedia by 0.5% during the 1st quarter. Cleararc Capital Inc. now owns 2,948 shares of the online travel company’s stock valued at $372,000 after acquiring an additional 16 shares during the period. Merriman Wealth Management LLC lifted its stake in Expedia by 1.4% during the 2nd quarter. Merriman Wealth Management LLC now owns 2,139 shares of the online travel company’s stock valued at $319,000 after acquiring an additional 29 shares during the period. Blair William & Co. IL lifted its stake in Expedia by 0.6% during the 2nd quarter. Blair William & Co. IL now owns 4,998 shares of the online travel company’s stock valued at $744,000 after acquiring an additional 30 shares during the period. First Allied Advisory Services Inc. lifted its stake in Expedia by 1.3% during the 2nd quarter. First Allied Advisory Services Inc. now owns 2,763 shares of the online travel company’s stock valued at $412,000 after acquiring an additional 35 shares during the period. Finally, Nordea Investment Management AB lifted its stake in Expedia by 0.8% during the 2nd quarter. Nordea Investment Management AB now owns 4,996 shares of the online travel company’s stock valued at $744,000 after acquiring an additional 38 shares during the period. Institutional investors and hedge funds own 84.42% of the company’s stock.
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Expedia Company Profile
Expedia, Inc is an online travel company. The Company operates through four segments: Core Online Travel Agencies (Core OTA), trivago, Egencia and HomeAway. The Company’s Core OTA segment provides a range of travel and advertising services to its customers across the world, 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, Wotif Group, CarRentals.com and Classic Vacations.
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