Expedia, Inc. (EXPE) Sees Significant Decline in Short Interest

Expedia, Inc. (NASDAQ:EXPE) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 11,751,156 shares, a decline of 14.4% from the November 30th total of 13,733,873 shares. Based on an average daily volume of 2,419,269 shares, the days-to-cover ratio is presently 4.9 days. Approximately 9.6% of the shares of the company are sold short.

Several analysts have weighed in on the company. Bank of America reiterated a “buy” rating and set a $178.00 price target (down previously from $187.00) on shares of Expedia in a research note on Tuesday, September 26th. Needham & Company LLC restated a “buy” rating and issued a $180.00 target price on shares of Expedia in a research note on Thursday, September 28th. Oppenheimer restated a “buy” rating on shares of Expedia in a research note on Wednesday, December 20th. UBS Group restated a “buy” rating and issued a $170.00 target price (down previously from $178.00) on shares of Expedia in a research note on Friday, September 22nd. Finally, MKM Partners restated a “neutral” rating and issued a $145.00 target price (down previously from $170.00) on shares of Expedia in a research note on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $159.44.

In other Expedia news, Director Dara Khosrowshahi sold 10,590 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $117.58, for a total transaction of $1,245,172.20. Following the sale, the director now owns 422,348 shares in the company, valued at approximately $49,659,677.84. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 shares were sold at an average price of $123.67, for a total value of $14,787,840.25. Following the sale, the insider now owns 169,575 shares in the company, valued at approximately $20,971,340.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 354,949 shares of company stock worth $43,978,025. Company insiders own 20.95% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Parametric Portfolio Associates LLC raised its holdings in shares of Expedia by 10.7% during the third quarter. Parametric Portfolio Associates LLC now owns 255,708 shares of the online travel company’s stock valued at $36,807,000 after acquiring an additional 24,754 shares during the last quarter. Burgundy Asset Management Ltd. raised its holdings in shares of Expedia by 3.9% during the third quarter. Burgundy Asset Management Ltd. now owns 292,996 shares of the online travel company’s stock valued at $42,174,000 after acquiring an additional 10,929 shares during the last quarter. IFM Investors Pty Ltd acquired a new position in shares of Expedia during the third quarter valued at approximately $486,000. Sterling Capital Management LLC raised its holdings in shares of Expedia by 25.5% during the third quarter. Sterling Capital Management LLC now owns 30,570 shares of the online travel company’s stock valued at $4,400,000 after acquiring an additional 6,215 shares during the last quarter. Finally, Colony Group LLC raised its holdings in shares of Expedia by 30.4% during the third quarter. Colony Group LLC now owns 34,287 shares of the online travel company’s stock valued at $4,935,000 after acquiring an additional 7,993 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Expedia (NASDAQ EXPE) opened at $119.77 on Friday. The stock has a market capitalization of $18,318.96, a P/E ratio of 47.34, a price-to-earnings-growth ratio of 1.88 and a beta of 0.89. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.60. Expedia has a 1 year low of $111.88 and a 1 year high of $161.00.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 7th. Shareholders of record on Thursday, November 16th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.00%. Expedia’s dividend payout ratio is currently 47.43%.

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About Expedia

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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