Investors Buy Shares of Expedia, Inc. (EXPE) on Weakness
Investors bought shares of Expedia, Inc. (NASDAQ:EXPE) on weakness during trading hours 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 equities 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 a number of recent analyst reports. SunTrust Banks, Inc. reissued a “buy” rating and set a $190.00 price target on shares of Expedia in a research report on Monday, August 28th. Cantor Fitzgerald reissued a “buy” rating and set a $178.00 price target on shares of Expedia in a research report on Wednesday, May 31st. Credit Suisse Group set a $175.00 price target on shares of Expedia and gave the company a “buy” rating in a research report on Saturday, July 29th. Cowen and Company reissued a “buy” rating and set a $170.00 price target on shares of Expedia in a research report on Sunday, August 27th. Finally, Zacks Investment Research lowered shares of Expedia from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Six analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $162.60.
The company’s 50-day moving average is $149.49 and its 200 day moving average is $140.29. The stock has a market capitalization of $21.89 billion, a P/E ratio of 67.95 and a beta of 0.97.
Expedia (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by $0.05. The company had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. Expedia had a net margin of 3.49% and a return on equity of 10.98%. Expedia’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.83 EPS. Equities analysts forecast that Expedia, Inc. will post $5.05 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be given a $0.30 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $1.20 dividend on an annualized basis and a yield of 0.83%. This is a positive change from Expedia’s previous quarterly dividend of $0.28. Expedia’s dividend payout ratio (DPR) is currently 56.87%.
In other Expedia news, Vice Chairman Victor Kaufman sold 35,598 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $149.29, for a total value of $5,314,425.42. Following the sale, the insider now owns 167,673 shares of the company’s stock, valued at approximately $25,031,902.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark D. Okerstrom sold 12,500 shares of the stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $150.41, for a total value of $1,880,125.00. Following the completion of the sale, the executive vice president now directly owns 71,248 shares in the company, valued at approximately $10,716,411.68. The disclosure for this sale can be found here. Insiders sold a total of 146,826 shares of company stock worth $22,359,010 in the last ninety days. 20.95% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Cleararc Capital Inc. raised its position in shares of Expedia by 0.5% during the 1st quarter. Cleararc Capital Inc. now owns 2,948 shares of the online travel company’s stock worth $372,000 after acquiring an additional 16 shares in the last quarter. Merriman Wealth Management LLC raised its position in shares of Expedia by 1.4% during the 2nd quarter. Merriman Wealth Management LLC now owns 2,139 shares of the online travel company’s stock worth $319,000 after acquiring an additional 29 shares in the last quarter. Blair William & Co. IL raised its position in shares of Expedia by 0.6% during the 2nd quarter. Blair William & Co. IL now owns 4,998 shares of the online travel company’s stock worth $744,000 after acquiring an additional 30 shares in the last quarter. First Allied Advisory Services Inc. raised its position in shares of 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 worth $412,000 after acquiring an additional 35 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Expedia by 0.8% during the 2nd quarter. Nordea Investment Management AB now owns 4,996 shares of the online travel company’s stock worth $744,000 after acquiring an additional 38 shares in the last quarter. 84.42% of the stock is currently owned by institutional investors and hedge funds.
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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