Strategy Asset Managers LLC acquired a new stake in Expedia, Inc. (NASDAQ:EXPE) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,304 shares of the online travel company’s stock, valued at approximately $2,491,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in EXPE. Balyasny Asset Management LLC acquired a new position in Expedia in the second quarter valued at approximately $107,942,000. Jennison Associates LLC lifted its holdings in Expedia by 17.6% in the second quarter. Jennison Associates LLC now owns 3,998,193 shares of the online travel company’s stock valued at $595,531,000 after buying an additional 599,037 shares during the period. Fred Alger Management Inc. bought a new stake in Expedia in the second quarter valued at approximately $86,569,000. Artisan Partners Limited Partnership increased its position in shares of Expedia by 61.9% during the second quarter. Artisan Partners Limited Partnership now owns 1,437,446 shares of the online travel company’s stock worth $214,108,000 after acquiring an additional 549,366 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Expedia by 3.7% during the second quarter. Vanguard Group Inc. now owns 12,045,217 shares of the online travel company’s stock worth $1,794,135,000 after acquiring an additional 428,656 shares in the last quarter. Institutional investors and hedge funds own 82.88% of the company’s stock.
In related news, EVP Mark D. Okerstrom sold 12,500 shares of the firm’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dara Khosrowshahi sold 72,383 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $123.04, for a total value of $8,906,004.32. Following the completion of the sale, the director now directly owns 494,731 shares of the company’s stock, valued at approximately $60,871,702.24. The disclosure for this sale can be found here. Insiders sold 204,458 shares of company stock worth $25,573,970 in the last 90 days. Company insiders own 20.88% of the company’s stock.
Shares of Expedia, Inc. (EXPE) traded up $3.42 during midday trading on Monday, reaching $120.74. 3,817,300 shares of the company’s stock were exchanged, compared to its average volume of 4,080,466. Expedia, Inc. has a twelve month low of $111.88 and a twelve month high of $161.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market capitalization of $18,382.91, a PE ratio of 30.41, a P/E/G ratio of 1.88 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 (EPS) for the quarter, missing the 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 the consensus estimate of $2.98 billion. During the same quarter in the prior year, the business posted $2.41 EPS. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. sell-side analysts forecast that Expedia, Inc. will post 3.91 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders 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 0.99%. The ex-dividend date is Wednesday, November 15th. Expedia’s dividend payout ratio is 47.43%.
Several equities research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Expedia from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Bank of America Corporation restated a “buy” rating and set a $178.00 target price (down previously from $187.00) on shares of Expedia in a research note on Tuesday, September 26th. Zacks Investment Research cut shares of Expedia from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $180.00 price objective on shares of Expedia in a research note on Thursday, September 28th. Finally, Cowen and Company set a $135.00 price objective on shares of Expedia and gave the stock a “buy” rating in a research note on Sunday, October 29th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $159.61.
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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