Expedia, Inc. (EXPE) Short Interest Up 9.5% in July

Expedia, Inc. (NASDAQ:EXPE) was the target of a significant increase in short interest in July. As of July 14th, there was short interest totalling 14,160,475 shares, an increase of 9.5% from the June 30th total of 12,928,727 shares. Approximately 11.7% of the company’s stock are sold short. Based on an average trading volume of 1,190,252 shares, the days-to-cover ratio is currently 11.9 days.

In other Expedia news, CEO Dara Khosrowshahi sold 86,228 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $154.12, for a total value of $13,289,459.36. Following the completion of the sale, the chief executive officer now owns 518,576 shares of the company’s stock, valued at $79,922,933.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Mark D. Okerstrom sold 12,500 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $150.00, for a total value of $1,875,000.00. Following the completion of the sale, the executive vice president now directly owns 71,248 shares of the company’s stock, valued at approximately $10,687,200. The disclosure for this sale can be found here. In the last three months, insiders sold 134,326 shares of company stock valued at $20,478,885. Corporate insiders own 20.95% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in EXPE. San Francisco Sentry Investment Group CA bought a new position in Expedia during the second quarter valued at $102,000. Edge Wealth Management LLC bought a new position in Expedia during the first quarter valued at $126,000. Fiduciary Trust Co. bought a new position in Expedia during the second quarter valued at $127,000. Sun Life Financial INC increased its position in Expedia by 10,987.5% in the second quarter. Sun Life Financial INC now owns 887 shares of the online travel company’s stock valued at $132,000 after buying an additional 879 shares during the last quarter. Finally, Dupont Capital Management Corp bought a new position in Expedia during the second quarter valued at $143,000. 81.22% of the stock is owned by institutional investors.

Expedia (NASDAQ EXPE) opened at 143.71 on Friday. The firm’s 50-day moving average price is $150.98 and its 200-day moving average price is $137.85. The firm has a market cap of $21.79 billion, a price-to-earnings ratio of 67.63 and a beta of 0.92. Expedia has a 1-year low of $105.62 and a 1-year high of $161.00.

Expedia (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.94 by $0.05. The company had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.55 billion. Expedia had a return on equity of 10.98% and a net margin of 3.49%. The business’s quarterly revenue was up 17.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.83 EPS. On average, equities research analysts anticipate that Expedia will post $5.09 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be given a dividend of $0.30 per share. This is an increase from Expedia’s previous quarterly dividend of $0.28. The ex-dividend date is Tuesday, August 22nd. This represents a $1.20 annualized dividend and a yield of 0.84%. Expedia’s dividend payout ratio (DPR) is presently 53.08%.

A number of equities research analysts recently commented on EXPE shares. Oppenheimer Holdings, Inc. lifted their target price on Expedia from $145.00 to $150.00 and gave the stock an “outperform” rating in a report on Monday, May 1st. JMP Securities reaffirmed an “outperform” rating and set a $155.00 target price (up previously from $142.00) on shares of Expedia in a report on Tuesday, May 2nd. Deutsche Bank AG reaffirmed a “buy” rating and set a $175.00 target price (up previously from $158.00) on shares of Expedia in a report on Wednesday, July 26th. Needham & Company LLC lifted their target price on Expedia from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $170.00 target price (up previously from $135.00) on shares of Expedia in a report on Tuesday, July 18th. Eight investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. Expedia currently has an average rating of “Buy” and a consensus price target of $160.81.

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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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