Andra AP fonden increased its position in shares of Expedia, Inc. (NASDAQ:EXPE) by 18.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,800 shares of the online travel company’s stock after buying an additional 1,200 shares during the period. Andra AP fonden’s holdings in Expedia were worth $1,123,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. San Francisco Sentry Investment Group CA bought a new stake in shares of Expedia during the 2nd quarter worth $102,000. Fiduciary Trust Co. bought a new stake in shares of Expedia during the 2nd quarter worth $127,000. Sun Life Financial INC boosted its holdings in shares of Expedia by 10,987.5% during the 2nd quarter. Sun Life Financial INC now owns 887 shares of the online travel company’s stock worth $132,000 after buying an additional 879 shares during the period. Dupont Capital Management Corp bought a new stake in shares of Expedia during the 2nd quarter worth $143,000. Finally, Pathstone Family Office LLC boosted its holdings in shares of Expedia by 15,833.3% during the 2nd quarter. Pathstone Family Office LLC now owns 956 shares of the online travel company’s stock worth $143,000 after buying an additional 950 shares during the period. 82.88% of the stock is owned by institutional investors and hedge funds.
Several analysts recently issued reports on EXPE shares. TheStreet raised shares of Expedia from a “c+” rating to a “b” rating in a report on Thursday, July 27th. Needham & Company LLC upped their price objective on shares of Expedia from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, July 28th. Cowen and Company reaffirmed a “buy” rating on shares of Expedia in a report on Friday, July 28th. Deutsche Bank AG reaffirmed a “buy” rating and set a $175.00 price objective (up from $158.00) on shares of Expedia in a report on Wednesday, July 26th. Finally, BidaskClub downgraded shares of Expedia from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Nine research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $159.61.
Expedia (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, October 26th. The online travel company reported $2.51 earnings per share for the quarter, missing the consensus estimate of $2.61 by ($0.10). The company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.98 billion. Expedia had a net margin of 4.09% and a return on equity of 10.71%. The company’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.41 EPS. equities research analysts forecast that Expedia, Inc. will post 3.91 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Thursday, November 16th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Wednesday, November 15th. Expedia’s payout ratio is presently 47.43%.
In other news, Vice Chairman Victor Kaufman sold 119,575 shares of Expedia 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 completion of the sale, the insider now owns 169,575 shares in the company, valued at approximately $20,971,340.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dara Khosrowshahi sold 72,383 shares of Expedia stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $123.04, for a total transaction of $8,906,004.32. Following the sale, the director now 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 a total of 204,458 shares of company stock valued at $25,573,970 in the last 90 days. Corporate insiders own 20.88% 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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