Expedia Sees Significant Growth in Short Interest (EXPE)
Shares of Expedia (NASDAQ:EXPE) were the recipient of a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 11,523,647 shares, a growth of 19.5% from the July 31st total of 9,640,843 shares, Analyst Ratings Net reports. Based on an average trading volume of 2,781,225 shares, the short-interest ratio is presently 4.1 days. Currently, 11.4% of the company’s shares are sold short.
In other Expedia news, Chairman Victor Kaufman sold 58,353 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $86.35, for a total transaction of $5,038,781.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
EXPE has been the subject of a number of recent research reports. 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 research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Expedia presently has an average rating of “Buy” and a consensus price target of $86.25.
Shares of Expedia (NASDAQ:EXPE) opened at 85.90 on Monday. Expedia has a 1-year low of $47.01 and a 1-year high of $88.28. The stock’s 50-day moving average is $83.10 and its 200-day moving average is $76.63. The company has a market cap of $10.925 billion and a P/E ratio of 35.16.
Expedia (NASDAQ:EXPE) last released its earnings data on Thursday, July 31st. The company reported $1.03 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue 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 0.84%. 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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