Insider Selling: Expedia, Inc. (EXPE) Director Sells 10,590 Shares of Stock
Expedia, Inc. (NASDAQ:EXPE) Director Dara Khosrowshahi sold 10,590 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $117.58, for a total value of $1,245,172.20. Following the transaction, the director now directly owns 422,348 shares of the company’s stock, valued at approximately $49,659,677.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Dara Khosrowshahi also recently made the following trade(s):
- On Friday, November 3rd, Dara Khosrowshahi sold 72,383 shares of Expedia stock. The stock was sold at an average price of $123.04, for a total value of $8,906,004.32.
Shares of Expedia, Inc. (NASDAQ:EXPE) traded down $0.46 during mid-day trading on Tuesday, hitting $120.28. The stock had a trading volume of 3,445,200 shares, compared to its average volume of 2,054,786. Expedia, Inc. has a 12-month low of $111.88 and a 12-month high of $161.00. The firm has a market capitalization of $18,382.91, a price-to-earnings ratio of 30.41, a price-to-earnings-growth ratio of 1.88 and a beta of 0.90. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.60.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Thursday, November 16th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Wednesday, November 15th. Expedia’s dividend payout ratio is currently 47.43%.
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A number of equities analysts have weighed in on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $175.00 price target on shares of Expedia in a research report on Thursday, September 7th. Guggenheim reaffirmed a “buy” rating and set a $175.00 price target (down previously from $190.00) on shares of Expedia in a research report on Thursday, September 7th. Cowen and Company set a $135.00 price target on Expedia and gave the stock a “buy” rating in a research report on Sunday, October 29th. Stifel Nicolaus reduced their price target on Expedia from $160.00 to $140.00 and set a “hold” rating for the company in a research report on Friday, October 27th. Finally, Zacks Investment Research downgraded Expedia from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Nine analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Expedia currently has a consensus rating of “Buy” and an average price target of $159.61.
Several institutional investors have recently bought and sold shares of EXPE. State of Alaska Department of Revenue lifted its stake in shares of Expedia by 100.1% in the second quarter. State of Alaska Department of Revenue now owns 2,319 shares of the online travel company’s stock worth $345,000 after acquiring an additional 1,160 shares during the period. Mn Services Vermogensbeheer B.V. lifted its stake in shares of Expedia by 509.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 20,091 shares of the online travel company’s stock worth $2,993,000 after acquiring an additional 16,797 shares during the period. Eqis Capital Management Inc. acquired a new position in shares of Expedia in the second quarter worth approximately $455,000. CENTRAL TRUST Co lifted its stake in shares of Expedia by 18.7% in the second quarter. CENTRAL TRUST Co now owns 1,059 shares of the online travel company’s stock worth $158,000 after acquiring an additional 167 shares during the period. Finally, TNB Financial lifted its stake in shares of Expedia by 7.5% in the second quarter. TNB Financial now owns 35,603 shares of the online travel company’s stock worth $5,303,000 after acquiring an additional 2,488 shares during the period. 82.88% of the stock is currently owned by institutional investors.
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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