What’s Propelling Expedia Inc to Increase So Much?

 What's Propelling Expedia Inc to Increase So Much?

In today’s session Expedia Inc (EXPE) registered an unusually high (1,276) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious EXPE increase. With 1,276 contracts traded and 3894 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: EXPE161118C00126000 closed last at: $3.1 or 24% up. About 392,748 shares traded hands. Expedia Inc (NASDAQ:EXPE) has risen 20.34% since April 5, 2016 and is uptrending. It has outperformed by 18.38% the S&P500.

Expedia Inc (NASDAQ:EXPE) Ratings Coverage

Out of 25 analysts covering Expedia Inc. (NASDAQ:EXPE), 18 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 72% are positive. $180 is the highest target while $27 is the lowest. The $130.06 average target is 2.85% above today’s ($126.46) stock price. Expedia Inc. has been the topic of 47 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, July 31 by RBC Capital Markets. Piper Jaffray upgraded it to “Overweight” rating and $140 target price in Thursday, March 10 report. The rating was maintained by Stifel Nicolaus with “Sell” on Friday, October 28. The firm earned “Buy” rating on Friday, July 31 by Deutsche Bank. Credit Suisse maintained it with “Neutral” rating and $130 target price in Thursday, February 11 report. The stock has “Neutral” rating given by Janney Capital on Tuesday, August 4. The stock of Expedia Inc (NASDAQ:EXPE) earned “Outperform” rating by Oppenheimer on Thursday, November 5. The rating was upgraded by Atlantic Securities to “Overweight” on Monday, June 20. The rating was maintained by Nomura on Thursday, February 11 with “Neutral”. The firm earned “Sell” rating on Monday, February 22 by Stifel Nicolaus.

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 2016 Q2. 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.
Fjarde Ap, a Alabama-based fund reported 28,773 shares. Winton Capital Gp holds 196,491 shares or 0.35% of its portfolio. Fiduciary has 0.03% invested in the company for 7,380 shares. Victory Cap Management Inc has invested 0% of its portfolio in Expedia Inc (NASDAQ:EXPE). Par Cap Mgmt Inc last reported 6.55M shares in the company. Strategic Serv accumulated 16,975 shares or 0.4% of the stock. Levin Capital Strategies L P, a New York-based fund reported 2,000 shares. Delta Lloyd Nv accumulated 0.03% or 8,042 shares. Fiera Capital Corporation reported 34,472 shares or 0.02% of all its holdings. Royal Financial Bank Of Canada last reported 0.02% of its portfolio in the stock. Blackrock Japan Ltd reported 153,269 shares or 0.06% of all its holdings. Stevens Management L P has invested 0.17% of its portfolio in Expedia Inc (NASDAQ:EXPE). The California-based Franklin Resources has invested 0.01% in Expedia Inc (NASDAQ:EXPE). Jana accumulated 2.07M shares or 3.76% of the stock. New York State Common Retirement Fund accumulated 0.05% or 296,150 shares.

Expedia, Inc. is an online travel company. The company has a market cap of $18.97 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 105.18 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. Announces Conference Participation for November 2016” on October 28, 2016. Also Prnewswire.com published the news titled: “Expedia, Inc. Encourages American Travelers to Vote – Even if Traveling” on October 17, 2016. Gurufocus.com‘s news article titled: “Expedia Inc (EXPE) CEO Dara Khosrowshahi Sold $–—.7 million of Shares” with publication date: November 05, 2016 was also an interesting one.

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