Expedia (EXPE) Hits New 12-Month Low Following Weak Earnings

Expedia, Inc. (NASDAQ:EXPE)’s share price reached a new 52-week low during mid-day trading on Friday following a weaker than expected earnings announcement. The company traded as low as $104.02 and last traded at $104.58, with a volume of 15713510 shares trading hands. The stock had previously closed at $123.03.

The online travel company reported $0.84 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.31). Expedia had a return on equity of 9.75% and a net margin of 3.76%. The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter last year, the company posted $1.17 EPS. Expedia’s revenue for the quarter was up 10.8% on a year-over-year basis.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Thursday, March 8th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.15%. Expedia’s dividend payout ratio (DPR) is 50.42%.

Several research analysts have commented on the stock. TheStreet cut shares of Expedia from a “b” rating to a “c+” rating in a research report on Thursday. Morgan Stanley decreased their target price on shares of Expedia from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday. Piper Jaffray Companies upped their target price on shares of Expedia to $135.00 and gave the stock an “overweight” rating in a research report on Friday. Benchmark cut shares of Expedia from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Needham & Company LLC cut shares of Expedia from a “buy” rating to a “hold” rating in a research report on Friday. Ten equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Expedia presently has a consensus rating of “Buy” and a consensus price target of $151.45.

In related news, Director Dara Khosrowshahi sold 150,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 522,348 shares in the company, valued at $65,293,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Lance A. Soliday sold 2,401 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $120.37, for a total transaction of $289,008.37. Following the sale, the insider now 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 20.95% of the company’s stock.

Large investors have recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. bought a new stake in Expedia during the third quarter worth approximately $101,000. Krilogy Financial LLC boosted its holdings in Expedia by 2,900.0% during the third quarter. Krilogy Financial LLC now owns 900 shares of the online travel company’s stock worth $130,000 after buying an additional 870 shares in the last quarter. Dupont Capital Management Corp boosted its holdings in Expedia by 90.9% during the fourth quarter. Dupont Capital Management Corp now owns 1,046 shares of the online travel company’s stock worth $125,000 after buying an additional 498 shares in the last quarter. Palisade Capital Management LLC NJ bought a new stake in Expedia during the third quarter worth approximately $216,000. Finally, Zeke Capital Advisors LLC bought a new stake in Expedia during the third quarter worth approximately $227,000. Hedge funds and other institutional investors own 83.05% of the company’s stock.

The company has a market capitalization of $13,410.00, a price-to-earnings ratio of 43.70, a price-to-earnings-growth ratio of 1.66 and a beta of 0.89. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.72 and a quick ratio of 0.72.

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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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