Investors Sell Expedia, Inc. (EXPE) on Strength on Insider Selling

Investors sold shares of Expedia, Inc. (NASDAQ:EXPE) on strength during trading on Tuesday after an insider sold shares in the company. $46.80 million flowed into the stock on the tick-up and $86.59 million flowed out of the stock on the tick-down, for a money net flow of $39.79 million out of the stock. Of all companies tracked, Expedia had the 0th highest net out-flow for the day. Expedia traded up $1.81 for the day and closed at $122.09Specifically, Vice Chairman Victor Kaufman sold 119,575 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $123.67, for a total transaction of $14,787,840.25. Following the completion of the sale, the insider now owns 169,575 shares in the company, valued at $20,971,340.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark D. Okerstrom sold 12,500 shares of the company’s stock in a transaction on 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. Over the last three months, insiders sold 215,048 shares of company stock worth $26,819,142. Insiders own 20.88% of the company’s stock.

EXPE has been the topic of a number of recent research reports. TheStreet raised Expedia from a “c+” rating to a “b” rating in a research report on Thursday, July 27th. Needham & Company LLC increased their price objective on Expedia from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, July 28th. Cowen and Company reissued a “buy” rating on shares of Expedia in a report on Friday, July 28th. 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 report on Wednesday, July 26th. Finally, BidaskClub cut Expedia from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Nine analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $159.61.

The firm has a market capitalization of $18,312.87, a P/E ratio of 30.30, a PEG ratio of 1.88 and a beta of 0.90. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.60.

Expedia (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, October 26th. The online travel company reported $2.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.61 by ($0.10). Expedia had a return on equity of 10.71% and a net margin of 4.09%. The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the previous year, the firm earned $2.41 EPS. The business’s revenue was up 14.9% on a year-over-year basis. equities analysts anticipate that Expedia, Inc. will post 3.91 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Wednesday, November 15th. Expedia’s dividend payout ratio is presently 47.43%.

Several institutional investors have recently made changes to their positions in the company. Merriman Wealth Management LLC lifted its position in shares of Expedia by 1.4% in the second quarter. Merriman Wealth Management LLC now owns 2,139 shares of the online travel company’s stock worth $319,000 after buying an additional 29 shares in the last quarter. Blair William & Co. IL lifted its position in shares of Expedia by 0.6% in the second quarter. Blair William & Co. IL now owns 4,998 shares of the online travel company’s stock worth $744,000 after buying an additional 30 shares in the last quarter. First Allied Advisory Services Inc. lifted its position in shares of Expedia by 1.3% in the second quarter. First Allied Advisory Services Inc. now owns 2,763 shares of the online travel company’s stock worth $412,000 after buying an additional 35 shares in the last quarter. Nordea Investment Management AB raised its position in Expedia by 0.8% during the second quarter. Nordea Investment Management AB now owns 4,996 shares of the online travel company’s stock valued at $744,000 after purchasing an additional 38 shares during the period. Finally, Veritable L.P. raised its position in Expedia by 1.5% during the second quarter. Veritable L.P. now owns 4,497 shares of the online travel company’s stock valued at $670,000 after purchasing an additional 66 shares during the period. Institutional investors and hedge funds own 82.88% of the company’s stock.

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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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