Insider Selling: Expedia, Inc. (EXPE) Vice Chairman Sells 119,575 Shares of Stock
Expedia, Inc. (NASDAQ:EXPE) Vice Chairman Victor Kaufman sold 119,575 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $123.67, for a total value of $14,787,840.25. Following the completion of the sale, the insider now owns 169,575 shares in the company, valued at $20,971,340.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Victor Kaufman also recently made the following trade(s):
- On Monday, August 7th, Victor Kaufman sold 35,598 shares of Expedia stock. The shares were sold at an average price of $149.29, for a total value of $5,314,425.42.
Expedia (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, October 26th. The online travel company reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $2.61 by ($0.10). The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.98 billion. Expedia had a return on equity of 10.71% and a net margin of 4.09%. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.41 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Thursday, November 16th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.96%. Expedia’s payout ratio is presently 47.43%.
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EXPE has been the topic of several recent analyst reports. Credit Suisse Group AG set a $147.00 target price on Expedia and gave the stock a “hold” rating in a research report on Friday, October 27th. UBS AG reiterated a “buy” rating and set a $154.00 target price (down from $170.00) on shares of Expedia in a research report on Friday, October 27th. Deutsche Bank AG reiterated a “buy” rating and set a $171.00 target price (down from $175.00) on shares of Expedia in a research report on Tuesday, October 24th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $190.00 target price on shares of Expedia in a research report on Monday, August 28th. Finally, Cowen and Company set a $158.00 target price on Expedia and gave the stock a “buy” rating in a research report on Thursday, October 12th. Nine research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $159.61.
Several institutional investors have recently bought and sold shares of EXPE. Balyasny Asset Management LLC bought a new position in shares of Expedia in the second quarter worth about $107,942,000. Jennison Associates LLC increased its stake in shares of Expedia by 17.6% in the second quarter. Jennison Associates LLC now owns 3,998,193 shares of the online travel company’s stock worth $595,531,000 after purchasing an additional 599,037 shares during the period. Fred Alger Management Inc. bought a new position in shares of Expedia in the second quarter worth about $86,569,000. Artisan Partners Limited Partnership increased its stake in shares of Expedia by 61.9% in the second quarter. Artisan Partners Limited Partnership now owns 1,437,446 shares of the online travel company’s stock worth $214,108,000 after purchasing an additional 549,366 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Expedia by 3.7% in the second quarter. Vanguard Group Inc. now owns 12,045,217 shares of the online travel company’s stock worth $1,794,135,000 after purchasing an additional 428,656 shares during the period. Institutional investors and hedge funds own 84.48% 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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