State Board of Administration of Florida Retirement System lifted its holdings in Expedia, Inc. (NASDAQ:EXPE) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 179,108 shares of the online travel company’s stock after buying an additional 1,040 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.12% of Expedia worth $25,781,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in EXPE. Merriman Wealth Management LLC raised its holdings in shares of Expedia by 1.4% in the 2nd quarter. Merriman Wealth Management LLC now owns 2,139 shares of the online travel company’s stock worth $319,000 after purchasing an additional 29 shares during the period. Blair William & Co. IL raised its holdings in shares of Expedia by 0.6% in the 2nd quarter. Blair William & Co. IL now owns 4,998 shares of the online travel company’s stock worth $744,000 after purchasing an additional 30 shares during the period. First Allied Advisory Services Inc. raised its holdings in shares of Expedia by 1.3% in the 2nd quarter. First Allied Advisory Services Inc. now owns 2,763 shares of the online travel company’s stock worth $412,000 after purchasing an additional 35 shares during the period. Nordea Investment Management AB raised its holdings in shares of Expedia by 0.8% in the 2nd quarter. Nordea Investment Management AB now owns 4,996 shares of the online travel company’s stock worth $744,000 after purchasing an additional 38 shares during the period. Finally, First United Bank Trust raised its holdings in shares of Expedia by 1.2% in the 2nd quarter. First United Bank Trust now owns 5,255 shares of the online travel company’s stock worth $783,000 after purchasing an additional 60 shares during the period. Hedge funds and other institutional investors own 84.49% of the company’s stock.
A number of research firms recently commented on EXPE. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $175.00 price target (up previously from $160.00) on shares of Expedia in a report on Friday, July 28th. Credit Suisse Group set a $175.00 target price on shares of Expedia and gave the company a “buy” rating in a report on Saturday, July 29th. TheStreet raised shares of Expedia from a “c+” rating to a “b” rating in a report on Thursday, July 27th. Stifel Nicolaus reissued a “hold” rating and set a $160.00 target price (up previously from $135.00) on shares of Expedia in a report on Sunday, July 30th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $140.00 target price on shares of Expedia in a report on Sunday, July 30th. Nine research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $159.61.
In other news, EVP Mark D. Okerstrom sold 12,500 shares of the stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $150.41, for a total transaction of $1,880,125.00. Following the sale, the executive vice president now owns 71,248 shares in the company, valued at $10,716,411.68. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman Victor Kaufman sold 119,575 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $123.67, for a total transaction of $14,787,840.25. Following the sale, the insider now owns 169,575 shares in the company, valued at approximately $20,971,340.25. The disclosure for this sale can be found here. Corporate insiders own 20.88% of the company’s stock.
Expedia, Inc. (NASDAQ:EXPE) opened at $122.98 on Tuesday. Expedia, Inc. has a one year low of $111.88 and a one year high of $161.00. The firm has a market cap of $18,750.00, a P/E ratio of 31.00, a price-to-earnings-growth ratio of 1.92 and a beta of 0.90. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.60.
Expedia (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, October 26th. The online travel company reported $2.51 EPS for the quarter, missing the Zacks’ consensus estimate of $2.61 by ($0.10). Expedia had a net margin of 4.09% and a return on equity of 10.71%. The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the previous year, the company earned $2.41 EPS. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. equities research analysts expect that Expedia, Inc. will post 3.91 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Thursday, November 16th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Wednesday, November 15th. Expedia’s payout ratio is 47.43%.
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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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