Expedia, Inc. (EXPE) Short Interest Up 9.5% in July
Expedia, Inc. (NASDAQ:EXPE) saw a large increase in short interest in the month of July. As of July 14th, there was short interest totalling 14,160,475 shares, an increase of 9.5% from the June 30th total of 12,928,727 shares. Based on an average trading volume of 1,190,252 shares, the days-to-cover ratio is presently 11.9 days. Approximately 11.7% of the shares of the company are short sold.
In other Expedia news, insider Lance A. Soliday sold 2,544 shares of Expedia stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $142.30, for a total transaction of $362,011.20. Following the completion of the sale, the insider now owns 4,815 shares of the company’s stock, valued at approximately $685,174.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Craig A. Jacobson sold 3,000 shares of Expedia stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $139.95, for a total value of $419,850.00. Following the sale, the director now directly owns 30,496 shares of the company’s stock, valued at approximately $4,267,915.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,043 shares of company stock valued at $5,330,777. 20.88% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Expedia by 3,458.6% in the first quarter. BlackRock Inc. now owns 7,832,689 shares of the online travel company’s stock valued at $988,252,000 after buying an additional 7,612,585 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in Expedia by 1,118.9% in the first quarter. Neuberger Berman Group LLC now owns 1,805,829 shares of the online travel company’s stock valued at $227,841,000 after buying an additional 1,657,678 shares during the last quarter. Jennison Associates LLC boosted its stake in Expedia by 39.9% in the first quarter. Jennison Associates LLC now owns 3,397,821 shares of the online travel company’s stock valued at $428,703,000 after buying an additional 968,772 shares during the last quarter. Wellington Management Group LLP boosted its stake in Expedia by 14.6% in the first quarter. Wellington Management Group LLP now owns 6,000,184 shares of the online travel company’s stock valued at $757,042,000 after buying an additional 764,343 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Expedia by 30.4% in the first quarter. Ameriprise Financial Inc. now owns 2,312,604 shares of the online travel company’s stock valued at $291,782,000 after buying an additional 539,205 shares during the last quarter. 80.96% of the stock is owned by hedge funds and other institutional investors.
Expedia (NASDAQ:EXPE) opened at 156.94 on Thursday. Expedia has a one year low of $105.62 and a one year high of $158.00. The firm has a market capitalization of $23.69 billion, a PE ratio of 79.66 and a beta of 0.93. The stock’s 50 day moving average price is $150.27 and its 200 day moving average price is $134.40.
Expedia (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, April 27th. The online travel company reported ($0.15) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.15. Expedia had a net margin of 3.36% and a return on equity of 11.01%. The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period last year, the company posted $0.09 EPS. The company’s revenue was up 15.0% on a year-over-year basis. Analysts expect that Expedia will post $5.30 EPS for the current year.
A number of brokerages have commented on EXPE. Zacks Investment Research cut Expedia from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Oppenheimer Holdings, Inc. lifted their price target on Expedia from $150.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 19th. Credit Suisse Group reaffirmed an “outperform” rating and set a $162.00 price target (up previously from $151.00) on shares of Expedia in a research report on Tuesday. They noted that the move was a valuation call. BidaskClub cut Expedia from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $175.00 price target (up previously from $158.00) on shares of Expedia in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $153.31.
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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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