Investors Buy Shares of Expedia, Inc. (NASDAQ:EXPE) on Weakness

Investors bought shares of Expedia, Inc. (NASDAQ:EXPE) on weakness during trading hours on Tuesday. $75.09 million flowed into the stock on the tick-up and $55.34 million flowed out of the stock on the tick-down, for a money net flow of $19.75 million into the stock. Of all companies tracked, Expedia had the 26th highest net in-flow for the day. Expedia traded down ($3.78) for the day and closed at $152.69

A number of equities analysts have recently commented on EXPE shares. Credit Suisse Group set a $151.00 price objective on Expedia and gave the stock a “buy” rating in a research report on Sunday, April 30th. SunTrust Banks, Inc. assumed coverage on Expedia in a report on Tuesday. They issued a “buy” rating and a $190.00 price target for the company. Oppenheimer Holdings, Inc. upped their price target on Expedia from $145.00 to $150.00 and gave the company an “outperform” rating in a report on Monday, May 1st. Raymond James Financial, Inc. reissued a “market perform” rating and issued a $139.00 price objective on shares of Expedia in a report on Thursday, May 18th. They noted that the move was a valuation call. Finally, Needham & Company LLC reissued a “buy” rating on shares of Expedia in a report on Wednesday, June 21st. Eight equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. Expedia currently has a consensus rating of “Buy” and an average target price of $160.81.

The company has a market capitalization of $21.79 billion, a price-to-earnings ratio of 67.63 and a beta of 0.92. The stock’s 50-day moving average price is $150.98 and its 200-day moving average price is $137.85.

Expedia (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, July 27th. The online travel company reported $0.89 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by $0.05. The firm had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. Expedia had a net margin of 3.49% and a return on equity of 10.98%. The firm’s quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.83 earnings per share. Equities research analysts forecast that Expedia, Inc. will post $5.09 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be paid a $0.30 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.84%. This is an increase from Expedia’s previous quarterly dividend of $0.28. Expedia’s dividend payout ratio is 53.08%.

In related news, CEO Dara Khosrowshahi sold 86,228 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $154.12, for a total transaction of $13,289,459.36. Following the sale, the chief executive officer now owns 518,576 shares of the company’s stock, valued at approximately $79,922,933.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Victor Kaufman sold 35,598 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $149.29, for a total value of $5,314,425.42. Following the sale, the insider now directly owns 167,673 shares in the company, valued at approximately $25,031,902.17. The disclosure for this sale can be found here. In the last three months, insiders sold 134,326 shares of company stock worth $20,478,885. 20.95% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Toronto Dominion Bank increased its stake in Expedia by 410.3% in the second quarter. Toronto Dominion Bank now owns 166,202 shares of the online travel company’s stock valued at $24,751,000 after buying an additional 133,633 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Expedia during the second quarter valued at about $1,308,000. Colony Group LLC increased its stake in Expedia by 4.6% in the second quarter. Colony Group LLC now owns 26,294 shares of the online travel company’s stock valued at $3,917,000 after buying an additional 1,155 shares in the last quarter. Verition Fund Management LLC increased its stake in Expedia by 66.2% in the second quarter. Verition Fund Management LLC now owns 9,807 shares of the online travel company’s stock valued at $1,461,000 after buying an additional 3,907 shares in the last quarter. Finally, National Asset Management Inc. increased its stake in Expedia by 26.7% in the second quarter. National Asset Management Inc. now owns 3,240 shares of the online travel company’s stock valued at $483,000 after buying an additional 683 shares in the last quarter. 81.22% of the stock is currently 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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