Analyst IMS Investment Management Services Ltd. decreased its position in shares of Expedia, Inc. (NASDAQ:EXPE) by 0.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 6,949 shares of the online travel company’s stock after selling 8 shares during the period. Analyst IMS Investment Management Services Ltd.’s holdings in Expedia were worth $1,035,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of EXPE. Macquarie Group Ltd. boosted its position in Expedia by 345.3% in the fourth quarter. Macquarie Group Ltd. now owns 11,800 shares of the online travel company’s stock worth $1,337,000 after buying an additional 9,150 shares during the period. DnB Asset Management AS boosted its position in Expedia by 20.4% in the first quarter. DnB Asset Management AS now owns 13,579 shares of the online travel company’s stock worth $1,713,000 after buying an additional 2,300 shares during the period. Rice Hall James & Associates LLC boosted its position in Expedia by 3.0% in the first quarter. Rice Hall James & Associates LLC now owns 1,430 shares of the online travel company’s stock worth $180,000 after buying an additional 41 shares during the period. State of Alaska Department of Revenue purchased a new position in Expedia during the first quarter worth $146,000. Finally, Candriam Luxembourg S.C.A. boosted its position in Expedia by 34.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 7,331 shares of the online travel company’s stock worth $925,000 after buying an additional 1,897 shares during the period. Institutional investors and hedge funds own 81.22% of the company’s stock.
Shares of Expedia, Inc. (NASDAQ EXPE) traded up 0.61% during midday trading on Tuesday, hitting $145.62. 70,255 shares of the stock were exchanged. The company has a market cap of $22.08 billion, a price-to-earnings ratio of 68.53 and a beta of 0.92. The firm has a 50 day moving average of $150.87 and a 200-day moving average of $138.26. Expedia, Inc. has a one year low of $105.62 and a one year high of $161.00.
Expedia (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, July 27th. The online travel company reported $0.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by $0.05. Expedia had a net margin of 3.49% and a return on equity of 10.98%. The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the prior year, the firm posted $0.83 EPS. Expedia’s quarterly revenue was up 17.8% compared to the same quarter last year. Equities analysts expect that Expedia, Inc. will post $5.09 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.83%. This is a positive change from Expedia’s previous quarterly dividend of $0.28. Expedia’s payout ratio is presently 53.08%.
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A number of research analysts have weighed in on EXPE shares. Vetr cut shares of Expedia from a “buy” rating to a “hold” rating and set a $138.67 price objective on the stock. in a research report on Monday, April 24th. Royal Bank Of Canada restated a “buy” rating and issued a $160.00 price target on shares of Expedia in a report on Tuesday, April 25th. Zacks Investment Research upgraded shares of Expedia from a “sell” rating to a “hold” rating in a report on Wednesday, April 26th. Stifel Nicolaus cut shares of Expedia from a “buy” rating to a “hold” rating and upped their price target for the stock from $133.00 to $135.00 in a report on Friday, April 28th. They noted that the move was a valuation call. Finally, Needham & Company LLC upped their price target on shares of Expedia from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Eight investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $160.81.
In other news, Vice Chairman Victor Kaufman sold 35,598 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $149.29, for a total value of $5,314,425.42. Following the transaction, the insider now owns 167,673 shares of the company’s stock, valued at $25,031,902.17. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Dara Khosrowshahi sold 86,228 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $154.12, for a total value of $13,289,459.36. Following the completion of the transaction, the chief executive officer now directly owns 518,576 shares in the company, valued at approximately $79,922,933.12. The disclosure for this sale can be found here. In the last three months, insiders sold 134,326 shares of company stock worth $20,478,885. Corporate insiders own 20.88% of the company’s stock.
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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