Expedia, Inc. (NASDAQ:EXPE) posted its quarterly earnings results on Thursday. The online travel company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by $0.05, Bloomberg Earnings reports. Expedia had a net margin of 3.49% and a return on equity of 11.37%. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter last year, the company posted $0.83 EPS. The firm’s revenue was up 17.8% on a year-over-year basis.
Shares of Expedia (NASDAQ EXPE) traded up 3.40% during mid-day trading on Friday, hitting $159.50. The stock had a trading volume of 4,398,933 shares. Expedia has a 12 month low of $105.62 and a 12 month high of $161.00. The stock has a market cap of $24.20 billion, a P/E ratio of 73.64 and a beta of 0.93. The firm has a 50 day moving average price of $150.79 and a 200-day moving average price of $134.84.
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In related news, Director Craig A. Jacobson sold 3,000 shares of the stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $139.95, for a total transaction of $419,850.00. Following the completion of the sale, the director now directly owns 30,496 shares in the company, valued at approximately $4,267,915.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan C. Athey sold 670 shares of the stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $138.59, for a total value of $92,855.30. The disclosure for this sale can be found here. Insiders have sold a total of 38,043 shares of company stock valued at $5,330,777 over the last 90 days. 20.95% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of EXPE. Bessemer Group Inc. boosted its stake in shares of Expedia by 16.6% in the second quarter. Bessemer Group Inc. now owns 1,039 shares of the online travel company’s stock valued at $155,000 after buying an additional 148 shares in the last quarter. Lyell Wealth Management LP boosted its stake in shares of Expedia by 43.8% in the second quarter. Lyell Wealth Management LP now owns 8,469 shares of the online travel company’s stock valued at $1,261,000 after buying an additional 2,580 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Expedia by 2.1% in the second quarter. CIBC Asset Management Inc now owns 18,510 shares of the online travel company’s stock valued at $2,757,000 after buying an additional 387 shares in the last quarter. Spinnaker Trust boosted its stake in shares of Expedia by 6.6% in the second quarter. Spinnaker Trust now owns 17,742 shares of the online travel company’s stock valued at $2,643,000 after buying an additional 1,102 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Expedia by 0.6% in the second quarter. Janney Montgomery Scott LLC now owns 20,687 shares of the online travel company’s stock valued at $3,081,000 after buying an additional 130 shares in the last quarter. Institutional investors own 80.96% of the company’s stock.
Several research analysts have weighed in on EXPE shares. Credit Suisse Group set a $151.00 price objective on Expedia and gave the stock a “buy” rating in a research report on Sunday, April 30th. TheStreet upgraded Expedia from a “c+” rating to a “b” rating in a research report on Thursday. Piper Jaffray Companies reiterated an “overweight” rating and set a $173.00 price objective on shares of Expedia in a research report on Friday. Royal Bank Of Canada reiterated a “buy” rating on shares of Expedia in a research report on Friday. Finally, Cowen and Company reiterated a “buy” rating on shares of Expedia in a research report on Friday. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $155.06.
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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