Prudential Financial Inc. raised its position in shares of Expedia, Inc. (NASDAQ:EXPE) by 0.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 169,986 shares of the online travel company’s stock after buying an additional 570 shares during the period. Prudential Financial Inc. owned about 0.11% of Expedia worth $24,468,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Swiss National Bank boosted its stake in Expedia by 2.9% in the second quarter. Swiss National Bank now owns 450,370 shares of the online travel company’s stock valued at $67,083,000 after acquiring an additional 12,700 shares during the last quarter. OZ Management LP bought a new position in Expedia in the second quarter valued at approximately $1,892,000. Franklin Resources Inc. boosted its stake in Expedia by 14.9% in the second quarter. Franklin Resources Inc. now owns 663,900 shares of the online travel company’s stock valued at $98,888,000 after acquiring an additional 86,000 shares during the last quarter. Allen Investment Management LLC boosted its stake in Expedia by 23.2% in the second quarter. Allen Investment Management LLC now owns 53,638 shares of the online travel company’s stock valued at $7,989,000 after acquiring an additional 10,104 shares during the last quarter. Finally, Dupont Capital Management Corp bought a new position in Expedia in the second quarter valued at approximately $143,000. 82.88% of the stock is currently owned by institutional investors and hedge funds.
Shares of Expedia, Inc. (NASDAQ:EXPE) opened at $121.17 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.60. The stock has a market cap of $18,588.45, a PE ratio of 30.75, a price-to-earnings-growth ratio of 1.90 and a beta of 0.90. Expedia, Inc. has a twelve month low of $111.88 and a twelve month high of $161.00.
The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Wednesday, November 15th. Expedia’s dividend payout ratio is currently 47.43%.
In other Expedia news, Vice Chairman Victor Kaufman sold 119,575 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $123.67, for a total value of $14,787,840.25. Following the completion of the sale, the insider now owns 169,575 shares of the company’s stock, valued at approximately $20,971,340.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dara Khosrowshahi sold 10,590 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $117.58, for a total transaction of $1,245,172.20. Following the completion of the sale, the director now directly owns 422,348 shares of the company’s stock, valued at approximately $49,659,677.84. 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 in the last three months. Insiders own 20.95% of the company’s stock.
A number of equities analysts have issued reports on the stock. BidaskClub cut shares of Expedia from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Bank of America Corporation reiterated a “buy” rating and issued a $178.00 target price (down from $187.00) on shares of Expedia in a report on Tuesday, September 26th. Zacks Investment Research lowered shares of Expedia from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $180.00 target price on shares of Expedia in a report on Thursday, September 28th. Finally, UBS AG reiterated a “buy” rating and issued a $170.00 target price (down from $178.00) on shares of Expedia in a report on Friday, September 22nd. Nine research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given 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, 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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