What’s Expedia Inc Upside After Today’s Bearish Options Activity?

 What's Expedia Inc Upside After Today's Bearish Options Activity?

In today’s session Expedia Inc (EXPE) recorded an unusually high (375) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious EXPE decrease. With 375 contracts traded and 2224 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: EXPE161021P00117000 closed last at: $0.75 or 50% down. About 1.85M shares traded hands. Expedia Inc (NASDAQ:EXPE) has risen 4.74% since March 15, 2016 and is uptrending. It has underperformed by 0.75% the S&P500.

Analysts await Expedia Inc (NASDAQ:EXPE) to report earnings on November, 3. They expect $2.23 EPS, up 40.25% or $0.64 from last year’s $1.59 per share. EXPE’s profit will be $336.98 million for 13.78 P/E if the $2.23 EPS becomes a reality. After $0.40 actual EPS reported by Expedia Inc for the previous quarter, Wall Street now forecasts 457.50% EPS growth.

Expedia Inc (NASDAQ:EXPE) Ratings Coverage

Out of 24 analysts covering Expedia Inc. (NASDAQ:EXPE), 16 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 67% are positive. Expedia Inc. has been the topic of 43 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was downgraded on Monday, February 22 by Stifel Nicolaus. As per Friday, October 30, the company rating was maintained by RBC Capital Markets. The rating was initiated by Pacific Crest on Thursday, March 31 with “Sector Weight”. Piper Jaffray upgraded the stock to “Overweight” rating in Thursday, March 10 report. UBS maintained the stock with “Buy” rating in Friday, October 30 report. The company was maintained on Thursday, February 11 by Credit Suisse. Benchmark maintained Expedia Inc (NASDAQ:EXPE) rating on Friday, October 30. Benchmark has “Buy” rating and $150 price target. Cantor Fitzgerald maintained Expedia Inc (NASDAQ:EXPE) on Thursday, September 17 with “Buy” rating. The rating was maintained by Moffett Nathanson with “Buy” on Thursday, March 17. Barclays Capital maintained the stock with “Overweight” rating in Friday, July 29 report.

According to Zacks Investment Research, “Expedia, Inc. is one of the world’s leading travel services companies. The company provides wholesale travel to offline retail travel agents. Expedia, Inc.’s main businesses and brands include: Expedia.com, Hotels.com, Hotwire, Expedia Corporate Travel, Trip Advisor and Classic Custom Vacations. Expedia, Inc.’s companies also operate internationally with sites in Canada, the United Kingdom, Germany, France, Italy, Netherlands and China, through its investment in eLong.”

Insitutional Activity: The institutional sentiment increased to 0.92 in Q2 2016. Its up 0.18, from 0.74 in 2016Q1. The ratio improved, as 57 funds sold all Expedia Inc shares owned while 175 reduced positions. 71 funds bought stakes while 142 increased positions. They now own 120.22 million shares or 1.74% less from 122.35 million shares in 2016Q1.
Light Street Cap Lc holds 9.14% of its portfolio in Expedia Inc (NASDAQ:EXPE) for 471,051 shares. Crestwood Cap Limited Partnership last reported 159,983 shares in the company. New Mexico Educational Retirement Board holds 13,628 shares or 0.07% of its portfolio. Clearbridge Investments Ltd Liability last reported 0% of its portfolio in the stock. Toronto Dominion Retail Bank reported 682 shares or 0% of all its holdings. Livforsakringsbolaget Skandia Omsesidigt, a Sweden-based fund reported 11,837 shares. The Wisconsin-based State Of Wisconsin Investment Board has invested 0.1% in Expedia Inc (NASDAQ:EXPE). Fifth Third Bank & Trust accumulated 2,133 shares or 0% of the stock. Art Advsrs Ltd Liability Corp owns 10,707 shares or 0.06% of their US portfolio. Jasper Ridge Prtn L P last reported 0.06% of its portfolio in the stock. Kornitzer Capital Management Incorporated Ks last reported 209,926 shares in the company. Nepsis Management holds 2.88% of its portfolio in Expedia Inc (NASDAQ:EXPE) for 47,552 shares. Par Cap Management Inc, a Massachusetts-based fund reported 6.55M shares. The Michigan-based Arcadia Investment Mngmt Mi has invested 0% in Expedia Inc (NASDAQ:EXPE). Palestra Cap Mgmt Limited Liability accumulated 3.91% or 458,043 shares.

Expedia, Inc. is an online travel company. The company has a market cap of $18.57 billion. The Firm makes travel services and products available, on a standalone and package basis, provided by various lodging properties, airlines, car rental companies, destination service providers, cruise lines and other travel product and service companies. It has a 81.17 P/E ratio. The Company’s Core OTA segment provides a range of travel and advertising services, 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, Venere, Wotif Group, CarRentals.com, and Classic Vacations.

EXPE Company Profile

Expedia, Inc., incorporated on April 18, 2005, is an online travel company. The Firm makes travel services and products available, on a standalone and package basis, provided by various lodging properties, airlines, car rental companies, destination service providers, cruise lines and other travel product and service companies. The Firm also offers travel and non-travel advertisers access to a potential source of incremental traffic and transactions through its media and advertising offerings on its transaction Websites. The Company’s Core OTA segment provides a range of travel and advertising services to its clients 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, Venere, Wotif Group, CarRentals.com, and Classic Vacations. The Company’s trivago segment sends referrals to online travel companies and travel service providers from its hotel metasearch Websites. The Company’s Egencia segment, which also includes Orbitz for Business, provides managed travel services to corporate clients across the world. The Company’s HomeAway segment operates an online marketplace for the vacation rental industry.

More recent Expedia Inc (NASDAQ:EXPE) news were published by: Prnewswire.com which released: “Expedia, Inc. Encourages American Travelers to Vote – Even if Traveling” on October 17, 2016. Also Prnewswire.com published the news titled: “Expedia, Inc. Announces Consent Solicitation to Amend Its 5.95% Senior Notes …” on September 22, 2016. Profitconfidential.com‘s news article titled: “Expedia Inc: EXPE Stock is Setting Up to Fly into Year-End” with publication date: September 30, 2016 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment