Insider Selling: Expedia, Inc. (EXPE) Insider Sells 2,544 Shares of Stock

Expedia, Inc. (NASDAQ:EXPE) insider Lance A. Soliday sold 2,544 shares of the business’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $142.30, for a total value of $362,011.20. Following the sale, the insider now directly owns 4,815 shares of the company’s stock, valued at approximately $685,174.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Expedia, Inc. (NASDAQ:EXPE) traded up 0.36% during trading on Friday, reaching $146.21. The company’s stock had a trading volume of 1,734,305 shares. The company has a market capitalization of $22.07 billion, a P/E ratio of 74.22 and a beta of 0.93. Expedia, Inc. has a 12 month low of $96.58 and a 12 month high of $150.62. The company’s 50-day moving average is $142.95 and its 200-day moving average is $127.86.

Expedia (NASDAQ:EXPE) last released its earnings results on Thursday, April 27th. The online travel company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.15. Expedia had a net margin of 3.36% and a return on equity of 11.01%. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the previous year, the business earned $0.09 EPS. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. On average, analysts forecast that Expedia, Inc. will post $5.29 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Expedia (NASDAQ:EXPE)

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, May 25th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Tuesday, May 23rd. Expedia’s dividend payout ratio is presently 57.14%.

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A number of hedge funds have recently added to or reduced their stakes in the company. NN Investment Partners Holdings N.V. raised its stake in Expedia by 27.7% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 921 shares of the online travel company’s stock worth $104,000 after buying an additional 200 shares in the last quarter. Edge Wealth Management LLC acquired a new stake in Expedia during the first quarter worth approximately $126,000. State of Alaska Department of Revenue acquired a new stake in Expedia during the first quarter worth approximately $146,000. First Bank & Trust acquired a new stake in Expedia during the fourth quarter worth approximately $159,000. Finally, Point72 Asia Hong Kong Ltd raised its stake in Expedia by 6,905.6% in the first quarter. Point72 Asia Hong Kong Ltd now owns 1,261 shares of the online travel company’s stock worth $159,000 after buying an additional 1,243 shares in the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

EXPE has been the subject of several analyst reports. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $145.00 target price on shares of Expedia in a research report on Friday, March 17th. Credit Suisse Group reaffirmed a “buy” rating and issued a $147.00 target price on shares of Expedia in a research report on Wednesday, April 5th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Expedia in a research report on Monday, March 6th. JMP Securities reaffirmed an “outperform” rating and issued a $155.00 target price (up previously from $142.00) on shares of Expedia in a research report on Tuesday, May 2nd. Finally, Needham & Company LLC upped their target price on Expedia from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Eight research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $147.25.

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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