Expedia Chairman Sells $5,038,782 in Stock (EXPE)
Expedia (NASDAQ:EXPE) Chairman Victor Kaufman sold 58,353 shares of Expedia stock on the open market in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $86.35, for a total transaction of $5,038,781.55. Following the completion of the transaction, the chairman now directly owns 81,958 shares of the company’s stock, valued at approximately $7,077,073. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at BNP Paribas raised their price target on shares of Expedia from $91.00 to $100.00 in a research note on Thursday, August 14th. They now have an “outperform” rating on the stock. Separately, analysts at Stifel Nicolaus initiated coverage on shares of Expedia in a research note on Wednesday, August 13th. They set a “hold” rating and a $88.00 price target on the stock. Finally, analysts at TheStreet upgraded shares of Expedia to a “buy” rating in a research note on Monday, August 4th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $86.25.
Shares of Expedia (NASDAQ:EXPE) traded up 0.98% on Thursday, hitting $86.99. The stock had a trading volume of 1,395,349 shares. Expedia has a one year low of $46.63 and a one year high of $87.32. The stock has a 50-day moving average of $82.04 and a 200-day moving average of $75.80. The company has a market cap of $11.064 billion and a price-to-earnings ratio of 35.06.
Expedia (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.27. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 24.0% on a year-over-year basis. On average, analysts predict that Expedia will post $3.97 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 17th. Investors of record on Wednesday, August 27th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Monday, August 25th. This is an increase from Expedia’s previous quarterly dividend of $0.15.
Expedia, Inc (NASDAQ:EXPE), is an online travel company.
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