Cornerstone Capital Management Holdings LLC. cut its stake in shares of Expedia Inc (NASDAQ:EXPE) by 12.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 234,132 shares of the online travel company’s stock after selling 34,616 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Expedia were worth $28,041,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Winslow Capital Management LLC lifted its position in shares of Expedia by 21.0% in the fourth quarter. Winslow Capital Management LLC now owns 3,092,639 shares of the online travel company’s stock valued at $370,406,000 after acquiring an additional 535,874 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Expedia by 5.8% in the third quarter. Ameriprise Financial Inc. now owns 2,115,880 shares of the online travel company’s stock valued at $304,558,000 after acquiring an additional 116,781 shares in the last quarter. Artisan Partners Limited Partnership lifted its position in shares of Expedia by 18.2% in the third quarter. Artisan Partners Limited Partnership now owns 1,698,375 shares of the online travel company’s stock valued at $244,464,000 after acquiring an additional 260,929 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of Expedia by 1.3% in the fourth quarter. TIAA CREF Investment Management LLC now owns 1,542,873 shares of the online travel company’s stock valued at $184,790,000 after acquiring an additional 20,214 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Expedia by 28.8% in the fourth quarter. First Trust Advisors LP now owns 1,371,635 shares of the online travel company’s stock valued at $164,281,000 after acquiring an additional 306,536 shares in the last quarter. Institutional investors own 80.33% of the company’s stock.
Shares of Expedia Inc (NASDAQ:EXPE) opened at $109.53 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.70 and a current ratio of 0.70. Expedia Inc has a 52 week low of $98.52 and a 52 week high of $161.00. The firm has a market capitalization of $17,375.65, a P/E ratio of 46.22, a price-to-earnings-growth ratio of 2.04 and a beta of 1.05.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Thursday, March 8th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, March 7th. This represents a $1.20 annualized dividend and a yield of 1.10%. Expedia’s payout ratio is currently 50.63%.
In other Expedia news, insider Lance A. Soliday sold 2,401 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $120.37, for a total transaction of $289,008.37. Following the sale, the insider now directly owns 5,744 shares of the company’s stock, valued at $691,405.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 20.88% of the company’s stock.
EXPE has been the topic of several research analyst reports. BidaskClub downgraded Expedia from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 2nd. Argus cut Expedia from a “buy” rating to a “hold” rating and set a $178.00 target price on the stock. in a report on Tuesday, December 5th. MKM Partners reaffirmed a “neutral” rating and issued a $145.00 target price (down from $170.00) on shares of Expedia in a report on Thursday, December 7th. Oppenheimer reaffirmed a “buy” rating on shares of Expedia in a report on Wednesday, December 20th. Finally, Bank of America raised Expedia from a “neutral” rating to a “buy” rating in a report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have given a buy rating to the company’s stock. Expedia presently has a consensus rating of “Buy” and an average price target of $148.52.
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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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