Butensky & Cohen Financial Security Inc. boosted its position in shares of Expedia, Inc. (NASDAQ:EXPE) by 81.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,039 shares of the online travel company’s stock after buying an additional 2,266 shares during the period. Butensky & Cohen Financial Security Inc.’s holdings in Expedia were worth $751,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EXPE. Edge Wealth Management LLC purchased a new position in Expedia during the first quarter valued at about $126,000. State of Alaska Department of Revenue purchased a new position in Expedia during the first quarter valued at about $146,000. CENTRAL TRUST Co boosted its position in Expedia by 18.7% in the second quarter. CENTRAL TRUST Co now owns 1,059 shares of the online travel company’s stock valued at $158,000 after buying an additional 167 shares in the last quarter. Point72 Asia Hong Kong Ltd raised its position in Expedia by 6,905.6% in the first quarter. Point72 Asia Hong Kong Ltd now owns 1,261 shares of the online travel company’s stock valued at $159,000 after buying an additional 1,243 shares during the last quarter. Finally, Rice Hall James & Associates LLC raised its stake 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 in the last quarter. Hedge funds and other institutional investors own 80.96% of the company’s stock.
Shares of Expedia, Inc. (EXPE) traded down 1.72% during trading on Tuesday, reaching $146.55. The company’s stock had a trading volume of 2,521,120 shares. The firm’s 50-day moving average price is $151.40 and its 200-day moving average price is $135.62. Expedia, Inc. has a one year low of $105.62 and a one year high of $161.00. The company has a market capitalization of $22.22 billion, a price-to-earnings ratio of 68.96 and a beta of 0.92.
Expedia (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, July 27th. The online travel company reported $0.89 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by $0.05. Expedia had a return on equity of 10.98% and a net margin of 3.49%. The company 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 company’s quarterly revenue was up 17.8% on a year-over-year basis. On average, equities analysts anticipate that Expedia, Inc. will post $5.11 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Tuesday, August 22nd. This is a boost from Expedia’s previous quarterly dividend of $0.28. Expedia’s dividend payout ratio (DPR) is 53.08%.
EXPE has been the topic of a number of recent research reports. JMP Securities reissued an “outperform” rating and issued a $155.00 target price (up previously from $142.00) on shares of Expedia in a research report on Tuesday, May 2nd. Zacks Investment Research upgraded Expedia from a “sell” rating to a “hold” rating in a research note on Wednesday, April 26th. Cantor Fitzgerald raised their price target on Expedia from $175.00 to $178.00 and gave the company an “overweight” rating in a research note on Friday, April 28th. Benchmark Co. reiterated a “buy” rating and set a $165.00 target price on shares of Expedia in a research note on Friday, April 28th. Finally, Needham & Company LLC boosted their price target on Expedia from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Seven equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Expedia has a consensus rating of “Buy” and a consensus price target of $159.73.
In other news, CEO Dara Khosrowshahi sold 86,228 shares of Expedia stock in a transaction dated 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 sale, the chief executive officer now owns 518,576 shares in the company, valued at $79,922,933.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Lance A. Soliday sold 2,544 shares of Expedia stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $142.30, for a total transaction of $362,011.20. Following the completion of the sale, the insider now owns 4,815 shares in the company, valued at approximately $685,174.50. The disclosure for this sale can be found here. Company insiders own 20.88% of the company’s stock.
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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