Investors Buy Shares of Expedia, Inc. (EXPE) on Weakness
Investors bought shares of Expedia, Inc. (NASDAQ:EXPE) on weakness during trading hours on Monday. $73.26 million flowed into the stock on the tick-up and $29.59 million flowed out of the stock on the tick-down, for a money net flow of $43.67 million into the stock. Of all equities tracked, Expedia had the 9th highest net in-flow for the day. Expedia traded down ($1.62) for the day and closed at $148.49
EXPE has been the topic of several recent analyst reports. Needham & Company LLC restated a “buy” rating on shares of Expedia in a research note on Wednesday, June 21st. Cantor Fitzgerald restated a “hold” rating on shares of Expedia in a research note on Monday, June 26th. Citigroup Inc. upgraded Expedia from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $147.89 to $130.00 in a research note on Wednesday, June 28th. Zacks Investment Research upgraded Expedia from a “hold” rating to a “buy” rating and set a $167.00 price objective on the stock in a research note on Wednesday, July 5th. Finally, Argus initiated coverage on Expedia in a research note on Wednesday, July 5th. They set a “buy” rating and a $178.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. Expedia currently has a consensus rating of “Buy” and an average price target of $163.34.
The firm has a market capitalization of $22.61 billion, a PE ratio of 70.18 and a beta of 0.92. The stock’s 50 day moving average price is $145.11 and its 200 day moving average price is $144.26.
Expedia (NASDAQ:EXPE) last released its earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.05). Expedia had a return on equity of 10.98% and a net margin of 3.49%. The business had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the prior year, the business posted $0.83 EPS. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year. Analysts forecast that Expedia, Inc. will post $4.99 earnings per share for the current year.
In related news, CEO Dara Khosrowshahi sold 86,228 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $154.12, for a total transaction of $13,289,459.36. Following the completion of the sale, the chief executive officer now owns 518,576 shares in the company, valued at $79,922,933.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Okerstrom sold 12,500 shares of the stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $150.41, for a total value of $1,880,125.00. Following the sale, the executive vice president now owns 71,248 shares of the company’s stock, valued at approximately $10,716,411.68. The disclosure for this sale can be found here. Insiders have sold 146,826 shares of company stock valued at $22,359,010 in the last quarter. 20.88% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXPE. AXA grew its holdings in Expedia by 16.7% during the 1st quarter. AXA now owns 2,800 shares of the online travel company’s stock valued at $353,000 after buying an additional 400 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in Expedia by 1.8% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 3,900 shares of the online travel company’s stock valued at $492,000 after buying an additional 70 shares in the last quarter. OppenheimerFunds Inc. grew its holdings in Expedia by 1.9% during the 1st quarter. OppenheimerFunds Inc. now owns 106,369 shares of the online travel company’s stock valued at $13,421,000 after buying an additional 1,973 shares in the last quarter. Teachers Advisors LLC grew its holdings in Expedia by 13.1% during the 1st quarter. Teachers Advisors LLC now owns 557,428 shares of the online travel company’s stock valued at $70,331,000 after buying an additional 64,570 shares in the last quarter. Finally, Global X Management Co. LLC grew its holdings in Expedia by 6.5% during the 1st quarter. Global X Management Co. LLC now owns 2,219 shares of the online travel company’s stock valued at $280,000 after buying an additional 136 shares in the last quarter. Institutional investors and hedge funds own 84.34% 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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