Expedia, Inc. (EXPE) Short Interest Update

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

EXPE has been the topic of several recent research reports. Stifel Nicolaus reiterated a “hold” rating and set a $160.00 target price on shares of Expedia in a research report on Thursday, September 7th. Cowen and Company restated a “buy” rating on shares of Expedia in a research report on Friday, July 28th. TheStreet upgraded shares of Expedia from a “c+” rating to a “b” rating in a research report on Thursday, July 27th. Morgan Stanley restated an “equal weight” rating and issued a $170.00 price target (up previously from $135.00) on shares of Expedia in a research report on Tuesday, July 18th. Finally, KeyCorp restated a “buy” rating and issued a $178.00 price target on shares of Expedia in a research report on Tuesday, October 17th. Nine analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $159.61.

In related news, Vice Chairman Victor Kaufman sold 119,575 shares of Expedia stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $123.67, for a total transaction of $14,787,840.25. Following the sale, the insider now directly owns 169,575 shares in the company, valued at approximately $20,971,340.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dara Khosrowshahi sold 72,383 shares of Expedia stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $123.04, for a total transaction of $8,906,004.32. Following the sale, the director now owns 494,731 shares in the company, valued at $60,871,702.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 215,048 shares of company stock worth $26,819,142. 20.88% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in EXPE. Balyasny Asset Management LLC purchased a new stake in shares of Expedia during the second quarter valued at approximately $107,942,000. Jennison Associates LLC lifted its stake in Expedia by 17.6% in the second quarter. Jennison Associates LLC now owns 3,998,193 shares of the online travel company’s stock worth $595,531,000 after acquiring an additional 599,037 shares during the period. Fred Alger Management Inc. purchased a new stake in Expedia in the second quarter worth $86,569,000. Artisan Partners Limited Partnership lifted its stake in Expedia by 61.9% in the second quarter. Artisan Partners Limited Partnership now owns 1,437,446 shares of the online travel company’s stock worth $214,108,000 after acquiring an additional 549,366 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Expedia by 3.7% in the second quarter. Vanguard Group Inc. now owns 12,045,217 shares of the online travel company’s stock worth $1,794,135,000 after acquiring an additional 428,656 shares during the period. 82.88% of the stock is owned by hedge funds and other institutional investors.

Shares of Expedia (NASDAQ:EXPE) opened at $122.09 on Wednesday. The firm has a market capitalization of $18,312.87, a P/E ratio of 30.30, a PEG ratio of 1.88 and a beta of 0.90. Expedia has a 52 week low of $111.88 and a 52 week high of $161.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.72 and a current ratio of 0.72.

Expedia (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, October 26th. The online travel company reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $2.61 by ($0.10). The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Expedia had a net margin of 4.09% and a return on equity of 10.71%. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period last year, the company posted $2.41 EPS. sell-side analysts forecast that Expedia will post 3.91 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Thursday, November 16th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Wednesday, November 15th. Expedia’s dividend payout ratio (DPR) is presently 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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