Traders Buy Expedia (EXPE) on Weakness

Investors purchased shares of Expedia, Inc. (NASDAQ:EXPE) on weakness during trading on Tuesday. $150.05 million flowed into the stock on the tick-up and $51.98 million flowed out of the stock on the tick-down, for a money net flow of $98.07 million into the stock. Of all equities tracked, Expedia had the 16th highest net in-flow for the day. Expedia traded down ($1.76) for the day and closed at $130.60

Several analysts recently weighed in on EXPE shares. BidaskClub cut shares of Expedia from a “sell” rating to a “strong sell” rating in a report on Saturday, December 2nd. Argus cut shares of Expedia from a “buy” rating to a “hold” rating and set a $178.00 price target on the stock. in a report on Tuesday, December 5th. SunTrust Banks lifted their price target on shares of Expedia to $180.00 and gave the company a “buy” rating in a report on Friday. They noted that the move was a valuation call. KeyCorp reiterated a “buy” rating and issued a $178.00 price target on shares of Expedia in a report on Tuesday, October 17th. Finally, UBS Group reiterated a “buy” rating and issued a $154.00 price target (down previously from $170.00) on shares of Expedia in a report on Friday, October 27th. Eight research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $158.34.

The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.60. The stock has a market cap of $19,920.00, a PE ratio of 51.62, a PEG ratio of 1.81 and a beta of 0.89.

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

In other news, insider Lance A. Soliday sold 2,401 shares of Expedia stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $120.37, for a total value of $289,008.37. Following the completion of the transaction, the insider now owns 5,744 shares of the company’s stock, valued at approximately $691,405.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Dara Khosrowshahi sold 72,383 shares of Expedia stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $123.04, for a total value of $8,906,004.32. Following the completion of the transaction, the director now directly owns 494,731 shares of the company’s stock, valued at approximately $60,871,702.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 354,949 shares of company stock valued at $43,978,025. 20.88% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of EXPE. Fuller & Thaler Asset Management Inc. purchased a new position in Expedia in the 3rd quarter worth about $101,000. San Francisco Sentry Investment Group CA purchased a new position in Expedia in the 2nd quarter worth about $102,000. Krilogy Financial LLC raised its position in Expedia by 2,900.0% in the 3rd quarter. Krilogy Financial LLC now owns 900 shares of the online travel company’s stock worth $130,000 after buying an additional 870 shares during the last quarter. Sun Life Financial INC raised its position in Expedia by 10,987.5% in the 2nd quarter. Sun Life Financial INC now owns 887 shares of the online travel company’s stock worth $132,000 after buying an additional 879 shares during the last quarter. Finally, Pathstone Family Office LLC raised its position in Expedia by 15,833.3% in the 2nd quarter. Pathstone Family Office LLC now owns 956 shares of the online travel company’s stock worth $143,000 after buying an additional 950 shares during the last quarter. 84.12% of the stock is owned by hedge funds and other institutional investors.

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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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