Investors Buy Shares of Expedia (EXPE) on Weakness

Traders bought shares of Expedia, Inc. (NASDAQ:EXPE) on weakness during trading hours on Wednesday. $97.16 million flowed into the stock on the tick-up and $83.48 million flowed out of the stock on the tick-down, for a money net flow of $13.68 million into the stock. Of all stocks tracked, Expedia had the 18th highest net in-flow for the day. Expedia traded down ($1.66) for the day and closed at $100.10

A number of brokerages have recently weighed in on EXPE. TheStreet cut Expedia from a “b” rating to a “c+” rating in a research report on Thursday, February 8th. Barclays reiterated a “buy” rating and set a $130.00 price target on shares of Expedia in a research report on Sunday. Piper Jaffray Companies increased their price target on Expedia to $135.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Stifel Nicolaus reiterated a “hold” rating and set a $112.00 price target (down from $140.00) on shares of Expedia in a research report on Friday, February 9th. Finally, Morgan Stanley dropped their price target on Expedia from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-two have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $150.15.

The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.72 and a current ratio of 0.70. The company has a market cap of $15,260.00, a PE ratio of 42.06, a P/E/G ratio of 1.44 and a beta of 0.89.

Expedia (NASDAQ:EXPE) last posted its earnings results on Thursday, February 8th. The online travel company reported $0.84 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.31). Expedia had a net margin of 3.76% and a return on equity of 9.66%. The business had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the business earned $1.17 earnings per share. The firm’s revenue was up 10.8% compared to the same quarter last year. equities research analysts forecast that Expedia, Inc. will post 4.28 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Thursday, March 8th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Wednesday, March 7th. Expedia’s payout ratio is currently 50.42%.

In other Expedia news, Director Dara Khosrowshahi sold 150,000 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $125.00, for a total transaction of $18,750,000.00. Following the completion of the transaction, the director now directly owns 522,348 shares of the company’s stock, valued at approximately $65,293,500. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Lance A. Soliday sold 2,401 shares of the stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $120.37, for a total value of $289,008.37. Following the transaction, the insider now directly owns 5,744 shares of the company’s stock, valued at $691,405.28. The disclosure for this sale can be found here. Company insiders own 20.88% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Honeycomb Asset Management LP bought a new position in Expedia during the 4th quarter valued at $11,977,000. HPM Partners LLC bought a new position in Expedia during the 4th quarter valued at $403,000. Stone Ridge Asset Management LLC bought a new position in Expedia during the 4th quarter valued at $834,000. Franklin Resources Inc. boosted its stake in Expedia by 25.3% during the 4th quarter. Franklin Resources Inc. now owns 857,094 shares of the online travel company’s stock valued at $102,654,000 after purchasing an additional 173,072 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in Expedia by 1,978.5% during the 4th quarter. Clearbridge Investments LLC now owns 66,554 shares of the online travel company’s stock valued at $7,971,000 after purchasing an additional 63,352 shares in the last quarter. 82.50% of the stock is owned by hedge funds and other institutional investors.

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About Expedia

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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