Expedia, Inc. (EXPE) Short Interest Update

Expedia, Inc. (NASDAQ:EXPE) was the recipient of a significant increase in short interest in November. As of November 30th, there was short interest totalling 13,733,873 shares, an increase of 10.7% from the November 15th total of 12,411,699 shares. Currently, 11.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,076,866 shares, the short-interest ratio is currently 6.6 days.

A number of analysts recently commented on EXPE shares. Jefferies Group raised shares of Expedia from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $140.00 to $180.00 in a report on Thursday, August 24th. BidaskClub upgraded shares of Expedia from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Cowen restated a “buy” rating and set a $170.00 target price on shares of Expedia in a research report on Sunday, August 27th. SunTrust Banks restated a “buy” rating and set a $190.00 target price on shares of Expedia in a research report on Monday, August 28th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $173.00 target price on shares of Expedia in a research report on Thursday, August 31st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Expedia presently has a consensus rating of “Buy” and a consensus target price of $159.44.

Expedia (NASDAQ EXPE) opened at $120.88 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market cap of $18,580.00, a P/E ratio of 30.20, a PEG ratio of 1.87 and a beta of 0.89. Expedia has a 52-week low of $111.88 and a 52-week high of $161.00.

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

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 7th. Stockholders of record on Thursday, November 16th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Wednesday, November 15th. Expedia’s dividend payout ratio is presently 47.43%.

In related news, Director Dara Khosrowshahi sold 150,000 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $125.00, for a total transaction of $18,750,000.00. Following the sale, the director now owns 522,348 shares of the company’s stock, valued at $65,293,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Victor Kaufman sold 119,575 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 169,575 shares in the company, valued at approximately $20,971,340.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 352,548 shares of company stock worth $43,689,017. 20.95% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the company. Parametric Portfolio Associates LLC increased its position in Expedia by 10.7% during the third quarter. Parametric Portfolio Associates LLC now owns 255,708 shares of the online travel company’s stock worth $36,807,000 after purchasing an additional 24,754 shares during the last quarter. Burgundy Asset Management Ltd. increased its position in Expedia by 3.9% during the third quarter. Burgundy Asset Management Ltd. now owns 292,996 shares of the online travel company’s stock worth $42,174,000 after purchasing an additional 10,929 shares during the last quarter. IFM Investors Pty Ltd acquired a new position in Expedia during the third quarter worth approximately $486,000. Sterling Capital Management LLC increased its position in Expedia by 25.5% during the third quarter. Sterling Capital Management LLC now owns 30,570 shares of the online travel company’s stock worth $4,400,000 after purchasing an additional 6,215 shares during the last quarter. Finally, Colony Group LLC increased its position in Expedia by 30.4% during the third quarter. Colony Group LLC now owns 34,287 shares of the online travel company’s stock worth $4,935,000 after purchasing an additional 7,993 shares during the last quarter. 84.20% of the stock is owned by institutional investors and hedge funds.

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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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