Pictet & Cie Europe SA purchased a new stake in shares of Expedia, Inc. (NASDAQ:EXPE) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,860 shares of the online travel company’s stock, valued at approximately $268,000.
Other large investors also recently modified their holdings of the company. San Francisco Sentry Investment Group CA bought a new position in shares of Expedia during the second quarter valued at $102,000. Fiduciary Trust Co. bought a new position in shares of Expedia during the second quarter valued at $127,000. Sun Life Financial INC increased its holdings in shares of Expedia by 10,987.5% during the second quarter. Sun Life Financial INC now owns 887 shares of the online travel company’s stock valued at $132,000 after acquiring an additional 879 shares in the last quarter. Dupont Capital Management Corp bought a new position in shares of Expedia during the second quarter valued at $143,000. Finally, Pathstone Family Office LLC boosted its position in shares of Expedia by 15,833.3% during the second quarter. Pathstone Family Office LLC now owns 956 shares of the online travel company’s stock valued at $143,000 after buying an additional 950 shares during the last quarter. Hedge funds and other institutional investors own 82.88% of the company’s stock.
Several research firms recently commented on EXPE. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Expedia in a research report on Thursday, September 7th. Guggenheim reaffirmed a “buy” rating and set a $175.00 price objective (down from $190.00) on shares of Expedia in a research report on Thursday, September 7th. Cowen and Company set a $135.00 price objective on Expedia and gave the company a “buy” rating in a research report on Sunday, October 29th. Stifel Nicolaus dropped their price objective on Expedia from $160.00 to $140.00 and set a “hold” rating on the stock in a research report on Friday, October 27th. Finally, Zacks Investment Research cut Expedia from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Nine equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Expedia currently has a consensus rating of “Buy” and an average target price of $159.61.
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Expedia, Inc. (EXPE) traded up $1.29 on Friday, reaching $123.33. The company had a trading volume of 1,250,000 shares, compared to its average volume of 3,420,000. Expedia, Inc. has a one year low of $111.88 and a one year high of $161.00. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.60. The stock has a market cap of $18,810.00, a PE ratio of 30.52, a P/E/G ratio of 1.89 and a beta of 0.90.
Expedia (NASDAQ:EXPE) last issued its earnings results on Thursday, October 26th. The online travel company reported $2.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.61 by ($0.10). Expedia had a return on equity of 10.71% and a net margin of 4.09%. The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the prior year, the company posted $2.41 earnings per share. Expedia’s quarterly revenue was up 14.9% compared to the same quarter last year. sell-side analysts anticipate that Expedia, Inc. will post 3.91 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Thursday, November 16th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Wednesday, November 15th. Expedia’s dividend payout ratio is 47.43%.
In other Expedia news, Director Dara Khosrowshahi sold 10,590 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $117.58, for a total value of $1,245,172.20. Following the completion of the sale, the director now directly owns 422,348 shares in the company, valued at approximately $49,659,677.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark D. Okerstrom sold 12,500 shares of the company’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $150.41, for a total value of $1,880,125.00. Following the completion of the sale, the executive vice president now owns 71,248 shares of the company’s stock, valued at $10,716,411.68. The disclosure for this sale can be found here. Insiders sold a total of 215,048 shares of company stock valued at $26,819,142 over the last quarter. Company insiders own 20.95% 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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