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 (1,531) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious EXPE decrease. With 1,531 contracts traded and 13744 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: EXPE170120P00125000 closed last at: $4.4 or 10% up. About 74,478 shares traded hands. Expedia Inc (NASDAQ:EXPE) has risen 19.59% since April 25, 2016 and is uptrending. It has outperformed by 13.58% the S&P500.

Analysts await Expedia Inc (NASDAQ:EXPE) to report earnings on February, 8. They expect $1.10 earnings per share, up 96.43% or $0.54 from last year’s $0.56 per share. EXPE’s profit will be $166.20M for 28.78 P/E if the $1.10 EPS becomes a reality. After $2.24 actual earnings per share reported by Expedia Inc for the previous quarter, Wall Street now forecasts -50.89% negative EPS growth.

Expedia Inc (NASDAQ:EXPE) Ratings Coverage

Out of 25 analysts covering Expedia Inc. (NASDAQ:EXPE), 18 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 72% are positive. $180 is the highest target while $27 is the lowest. The $130.67 average target is 3.21% above today’s ($126.61) stock price. Expedia Inc. has been the topic of 48 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Thursday, February 11 by Nomura. Benchmark maintained it with “Buy” rating and $125 target price in Tuesday, February 9 report. Credit Suisse maintained the stock with “Neutral” rating in Thursday, February 11 report. Susquehanna initiated the stock with “Positive” rating in Thursday, October 20 report. As per Thursday, March 10, the company rating was upgraded by Piper Jaffray. Moffett Nathanson maintained the shares of EXPE in a report on Thursday, March 17 with “Buy” rating. The stock of Expedia Inc (NASDAQ:EXPE) earned “Hold” rating by Stifel Nicolaus on Thursday, November 10. Moffett Nathanson initiated Expedia Inc (NASDAQ:EXPE) rating on Tuesday, March 8. Moffett Nathanson has “Buy” rating and $135 price target. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, July 31 report. The stock of Expedia Inc (NASDAQ:EXPE) has “Buy” rating given on Thursday, September 17 by Vetr.

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 1.01 in Q2 2016. Its up 0.09, from 0.92 in 2016Q1. The ratio increased, 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.
Jasper Ridge Prtn L P holds 0.06% of its portfolio in Expedia Inc (NASDAQ:EXPE) for 8,187 shares. The New York-based Cornerstone Mgmt Limited Com has invested 0.21% in Expedia Inc (NASDAQ:EXPE). Sylebra Hk Limited holds 1.38% or 138,217 shares in its portfolio. Quentec Asset Management Limited Liability Co owns 122,100 shares or 1.61% of their US portfolio. Winton accumulated 196,491 shares or 0.35% of the stock. Summit Securities Grp Inc Limited holds 0.88% or 15,436 shares in its portfolio. Telemus Ltd Liability Corporation reported 12,000 shares or 0.16% of all its holdings. Capstone Asset Management Communication last reported 0.06% of its portfolio in the stock. Rmb Mgmt Ltd Liability Corporation accumulated 0.19% or 34,368 shares. Lourd Capital Lc last reported 0.15% of its portfolio in the stock. Point72 Asset Mgmt Lp, a Connecticut-based fund reported 192,404 shares. Gateway Investment Advisers Ltd Liability Com reported 10,821 shares or 0.01% of all its holdings. Spot Trading Lc accumulated 0.06% or 30,602 shares. Gulf Bancshares (Uk) Limited has 36,684 shares for 0.07% of their US portfolio. Cap Guardian Trust last reported 0% of its portfolio in the stock.

Expedia, Inc. is an online travel company. The company has a market cap of $19.13 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 105.31 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: Profitconfidential.com which released: “Expedia Inc: This Is Why EXPE Stock Has Tremendous Upside” on November 18, 2016. Also Finance.Yahoo.com published the news titled: “Expedia Inc (EXPE) CEO Dara Khosrowshahi Sold $12.7 million of Shares” on November 05, 2016. Nasdaq.com‘s news article titled: “Expedia, Inc. (EXPE) Ex-Dividend Date Scheduled for November 15, 2016” with publication date: November 14, 2016 was also an interesting one.

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