Expedia, Inc. (EXPE) Raises Dividend to $0.30 Per Share
Expedia, Inc. (NASDAQ:EXPE) declared a quarterly dividend on Friday, July 28th, Zacks reports. Investors of record on Thursday, August 24th will be paid a dividend of 0.30 per share by the online travel company on Thursday, September 14th. This represents a $1.20 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Tuesday, August 22nd. This is a positive change from Expedia’s previous quarterly dividend of $0.28.
Expedia (EXPE) opened at 148.78 on Thursday. The firm has a market cap of $22.56 billion, a price-to-earnings ratio of 70.01 and a beta of 0.92. The company has a 50-day moving average of $151.28 and a 200-day moving average of $137.64. Expedia has a 52 week low of $105.62 and a 52 week high of $161.00.
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 consensus estimate of $0.94 by $0.05. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. Expedia had a return on equity of 10.98% and a net margin of 3.49%. The business’s revenue was up 17.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.83 EPS. Equities research analysts forecast that Expedia will post $5.09 earnings per share for the current fiscal year.
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Several brokerages have commented on EXPE. SunTrust Banks, Inc. began coverage on shares of Expedia in a research report on Tuesday. They issued a “buy” rating and a $190.00 price objective on the stock. BidaskClub lowered shares of Expedia from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Zacks Investment Research lowered shares of Expedia from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. UBS AG reaffirmed a “buy” rating and issued a $178.00 price objective (up previously from $155.00) on shares of Expedia in a research report on Monday, July 31st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $160.00 price objective (up previously from $135.00) on shares of Expedia in a research report on Sunday, July 30th. Eight investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Expedia currently has an average rating of “Buy” and a consensus target price of $160.81.
In other news, CEO Dara Khosrowshahi sold 86,228 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $154.12, for a total value of $13,289,459.36. Following the completion of the sale, the chief executive officer now directly owns 518,576 shares in the company, valued at approximately $79,922,933.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman Victor Kaufman sold 35,598 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $149.29, for a total transaction of $5,314,425.42. Following the completion of the sale, the insider now owns 167,673 shares of the company’s stock, valued at $25,031,902.17. The disclosure for this sale can be found here. In the last three months, insiders sold 136,870 shares of company stock valued at $20,840,896. Corporate insiders own 20.95% of the company’s stock.
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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