Investors sold shares of Expedia Inc (NASDAQ:EXPE) on strength during trading hours on Wednesday. $116.58 million flowed into the stock on the tick-up and $164.93 million flowed out of the stock on the tick-down, for a money net flow of $48.35 million out of the stock. Of all equities tracked, Expedia had the 18th highest net out-flow for the day. Expedia traded up $3.75 for the day and closed at $113.28
EXPE has been the subject of a number of analyst reports. MKM Partners reduced their price objective on shares of Expedia from $115.00 to $101.00 and set a “neutral” rating for the company in a research note on Wednesday, February 21st. Barclays boosted their price objective on shares of Expedia from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 7th. Zacks Investment Research upgraded shares of Expedia from a “hold” rating to a “buy” rating and set a $148.00 price objective for the company in a research note on Tuesday, January 16th. SunTrust Banks boosted their price objective on shares of Expedia to $180.00 and gave the stock a “buy” rating in a research note on Friday, January 12th. They noted that the move was a valuation call. Finally, Morgan Stanley upgraded shares of Expedia from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $148.52.
The company has a market cap of $17,200.00, a P/E ratio of 49.68, a P/E/G ratio of 2.04 and a beta of 1.05. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.70 and a current ratio of 0.70.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Thursday, March 8th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Wednesday, March 7th. Expedia’s dividend payout ratio is 52.63%.
In other news, insider Lance A. Soliday sold 2,401 shares of the stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $120.37, for a total value of $289,008.37. Following the completion of the transaction, the insider now owns 5,744 shares in the company, valued at approximately $691,405.28. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 20.88% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Colonial Trust Advisors raised its stake in shares of Expedia by 25.3% in the 4th quarter. Colonial Trust Advisors now owns 45,469 shares of the online travel company’s stock valued at $5,446,000 after buying an additional 9,168 shares in the last quarter. Xact Kapitalforvaltning AB raised its stake in shares of Expedia by 6.2% in the 4th quarter. Xact Kapitalforvaltning AB now owns 24,333 shares of the online travel company’s stock valued at $2,914,000 after buying an additional 1,422 shares in the last quarter. Handelsbanken Fonder AB raised its stake in shares of Expedia by 33.3% in the 4th quarter. Handelsbanken Fonder AB now owns 60,000 shares of the online travel company’s stock valued at $7,186,000 after buying an additional 15,000 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Expedia by 74.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 10,729 shares of the online travel company’s stock valued at $1,285,000 after buying an additional 4,584 shares in the last quarter. Finally, Tuttle Tactical Management LLC raised its stake in shares of Expedia by 28.8% in the 4th quarter. Tuttle Tactical Management LLC now owns 12,081 shares of the online travel company’s stock valued at $1,446,000 after buying an additional 2,699 shares in the last quarter. Institutional investors own 80.33% of the company’s stock.
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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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