Eaton Vance Management held its position in shares of Expedia, Inc. (NASDAQ:EXPE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,319 shares of the online travel company’s stock at the end of the 2nd quarter. Eaton Vance Management’s holdings in Expedia were worth $1,984,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Fiduciary Trust Co. bought a new stake in Expedia during the second quarter worth about $127,000. Dupont Capital Management Corp bought a new stake in Expedia during the second quarter worth about $143,000. Bessemer Group Inc. boosted its stake in Expedia by 16.6% during the second quarter. Bessemer Group Inc. now owns 1,039 shares of the online travel company’s stock worth $155,000 after acquiring an additional 148 shares in the last quarter. CENTRAL TRUST Co boosted its stake in Expedia by 18.7% during the second quarter. CENTRAL TRUST Co now owns 1,059 shares of the online travel company’s stock worth $158,000 after acquiring an additional 167 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd boosted its stake in Expedia by 6,905.6% during the first quarter. Point72 Asia Hong Kong Ltd now owns 1,261 shares of the online travel company’s stock worth $159,000 after acquiring an additional 1,243 shares in the last quarter. 84.37% of the stock is currently owned by institutional investors and hedge funds.
In other Expedia news, EVP Mark D. Okerstrom sold 12,500 shares of Expedia stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $150.00, for a total transaction of $1,875,000.00. Following the completion of the sale, the executive vice president now directly owns 71,248 shares in the company, valued at approximately $10,687,200. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Victor Kaufman sold 35,598 shares of Expedia stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $149.29, for a total transaction of $5,314,425.42. Following the sale, the insider now owns 167,673 shares of the company’s stock, valued at $25,031,902.17. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 146,826 shares of company stock valued at $22,359,010. Company insiders own 20.88% of the company’s stock.
Shares of Expedia, Inc. (EXPE) opened at 141.47 on Wednesday. The firm’s 50-day moving average is $146.32 and its 200-day moving average is $141.84. Expedia, Inc. has a one year low of $107.10 and a one year high of $161.00. The stock has a market capitalization of $21.45 billion, a PE ratio of 66.57 and a beta of 0.97.
Expedia (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, July 27th. The online travel company reported $0.89 EPS for the quarter, missing the 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 business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the firm posted $0.83 earnings per share. The business’s revenue was up 17.8% on a year-over-year basis. On average, analysts expect that Expedia, Inc. will post $5.03 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.85%. This is a boost from Expedia’s previous quarterly dividend of $0.28. The ex-dividend date was Tuesday, August 22nd. Expedia’s payout ratio is presently 56.87%.
Several equities research analysts recently commented on EXPE shares. Stifel Nicolaus reissued a “hold” rating and set a $160.00 price objective on shares of Expedia in a research note on Thursday, September 7th. Cowen and Company reissued a “buy” rating on shares of Expedia in a research note on Friday, July 28th. TheStreet raised shares of Expedia from a “c+” rating to a “b” rating in a research note on Thursday, July 27th. Cantor Fitzgerald reissued a “hold” rating on shares of Expedia in a research note on Monday, June 26th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $170.00 price objective (up previously from $135.00) on shares of Expedia in a research note on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $163.02.
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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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