Expedia, Inc. (EXPE) Short Interest Down 15.4% in October

Expedia, Inc. (NASDAQ:EXPE) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 12,482,894 shares, a decline of 15.4% from the October 13th total of 14,749,506 shares. Approximately 10.2% of the shares of the company are short sold. Based on an average daily trading volume, of 4,660,360 shares, the short-interest ratio is presently 2.7 days.

In other Expedia news, EVP Mark D. Okerstrom sold 12,500 shares of the business’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $150.41, for a total transaction of $1,880,125.00. Following the completion of the sale, the executive vice president now directly owns 71,248 shares of the company’s stock, valued at approximately $10,716,411.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Victor Kaufman sold 119,575 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $123.67, for a total value of $14,787,840.25. Following the sale, the insider now directly owns 169,575 shares of the company’s stock, valued at $20,971,340.25. The disclosure for this sale can be found here. Insiders have sold 204,458 shares of company stock worth $25,573,970 in the last quarter. Corporate insiders own 20.95% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Expedia in the 3rd quarter worth $101,000. San Francisco Sentry Investment Group CA purchased a new position in shares of Expedia in the 2nd quarter worth $102,000. Fiduciary Trust Co. purchased a new position in shares of Expedia in the 2nd quarter worth $127,000. Sun Life Financial INC boosted its stake in shares of Expedia by 10,987.5% in the 2nd quarter. Sun Life Financial INC now owns 887 shares of the online travel company’s stock worth $132,000 after buying an additional 879 shares during the last quarter. Finally, Dupont Capital Management Corp purchased a new position in shares of Expedia in the 2nd quarter worth $143,000. Institutional investors and hedge funds own 84.49% of the company’s stock.

Several research firms have recently issued reports on EXPE. BidaskClub lowered Expedia from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Bank of America Corporation reiterated a “buy” rating and issued a $178.00 price objective (down from $187.00) on shares of Expedia in a research report on Tuesday, September 26th. Zacks Investment Research downgraded Expedia from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $180.00 price target on shares of Expedia in a research report on Thursday, September 28th. Finally, 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. Nine research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. Expedia currently has an average rating of “Buy” and an average target price of $159.61.

Expedia (EXPE) opened at $120.74 on Friday. Expedia has a 52-week low of $111.88 and a 52-week high of $161.00. The stock has a market capitalization of $18,412.13, a P/E ratio of 30.41, a PEG ratio of 1.88 and a beta of 0.90. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.72 and a quick ratio of 0.72.

Expedia (NASDAQ:EXPE) last announced its earnings results on Thursday, October 26th. The online travel company reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.61 by ($0.10). The firm 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 firm’s revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.41 EPS. research analysts expect that Expedia will post 3.91 earnings per share for the current fiscal year.

The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.20 annualized dividend and a dividend yield of 0.99%. Expedia’s payout ratio is currently 47.43%.

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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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