Trade Report: The Expedia Inc. (EXPE) Releases Earnings Results, Beats Expectations By $0.17 EPS

The Expedia Inc. (EXPE) Releases  Earnings Results, Beats Expectations By $0.17 EPS

Expedia Inc. (NASDAQ:EXPE) posted its quarterly earnings results on Thursday. The online travel company reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. The business earned $2.58 billion during the quarter, compared to analyst estimates of $2.56 billion. Expedia had a return on equity of 10.39% and a net margin of 2.11%. The business’s revenue was up 33.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.07 earnings per share.

Shares of Expedia (NASDAQ:EXPE) opened at 131.64 on Monday. The stock’s 50 day moving average is $117.45 and its 200-day moving average is $112.82. The firm has a market capitalization of $19.74 billion, a P/E ratio of 104.64 and a beta of 0.68. Expedia has a 52-week low of $88.40 and a 52-week high of $140.51.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.79%. Expedia’s payout ratio is 92.86%.

In other news, insider Lance A. Soliday sold 1,500 shares of the company’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $111.00, for a total value of $166,500.00. Following the sale, the insider now owns 2,915 shares in the company, valued at approximately $323,565. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Mark D. Okerstrom sold 56,664 shares of the company’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $114.97, for a total transaction of $6,514,660.08. Following the completion of the sale, the executive vice president now owns 100,543 shares in the company, valued at approximately $11,559,428.71. The disclosure for this sale can be found here. 20.95% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the stock. Checchi Capital Advisers LLC raised its stake in shares of Expedia by 1.2% in the second quarter. Checchi Capital Advisers LLC now owns 962 shares of the online travel company’s stock worth $102,000 after buying an additional 11 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Expedia by 0.5% in the third quarter. Quadrant Capital Group LLC now owns 925 shares of the online travel company’s stock worth $102,000 after buying an additional 5 shares in the last quarter. CENTRAL TRUST Co increased its stake in shares of Expedia by 2.1% in the second quarter. CENTRAL TRUST Co now owns 992 shares of the online travel company’s stock worth $106,000 after buying an additional 20 shares in the last quarter. Catamount Wealth Management increased its stake in shares of Expedia by 900.0% in the first quarter. Catamount Wealth Management now owns 1,000 shares of the online travel company’s stock worth $108,000 after buying an additional 900 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Expedia by 258.8% in the second quarter. Tower Research Capital LLC TRC now owns 1,245 shares of the online travel company’s stock worth $132,000 after buying an additional 898 shares in the last quarter. Institutional investors and hedge funds own 82.05% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Pacific Crest upgraded Expedia from a “sector weight” rating to an “overweight” rating and set a $160.00 price target for the company in a research report on Thursday, October 20th. Cantor Fitzgerald reiterated a “buy” rating on shares of Expedia in a research report on Friday, August 19th. Jefferies Group reiterated a “hold” rating and issued a $125.00 price objective on shares of Expedia in a research report on Monday, August 1st. Deutsche Bank AG lowered their price objective on Expedia from $142.00 to $138.00 and set a “buy” rating for the company in a research report on Friday, July 29th. Finally, Benchmark Co. increased their price objective on Expedia from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, October 24th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nineteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $132.35.

Expedia Company Profile

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