Oppenheimer & Co. Inc. Raises Stake in Expedia, Inc. (EXPE)

Oppenheimer & Co. Inc. grew its position in Expedia, Inc. (NASDAQ:EXPE) by 22.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 17,550 shares of the online travel company’s stock after acquiring an additional 3,260 shares during the period. Oppenheimer & Co. Inc.’s holdings in Expedia were worth $2,102,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of EXPE. American Century Companies Inc. grew its stake in shares of Expedia by 22.0% in the third quarter. American Century Companies Inc. now owns 2,031,943 shares of the online travel company’s stock valued at $292,478,000 after buying an additional 365,857 shares in the last quarter. Pictet Asset Management Ltd. grew its stake in shares of Expedia by 79.0% in the third quarter. Pictet Asset Management Ltd. now owns 632,779 shares of the online travel company’s stock valued at $91,082,000 after buying an additional 279,312 shares in the last quarter. Artisan Partners Limited Partnership grew its stake 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 buying an additional 260,929 shares in the last quarter. Tremblant Capital Group acquired a new stake in shares of Expedia in the third quarter valued at $37,197,000. Finally, Argent Capital Management LLC acquired a new stake in shares of Expedia in the third quarter valued at $33,603,000. 82.50% of the stock is owned by institutional investors and hedge funds.

Shares of Expedia, Inc. (NASDAQ:EXPE) opened at $100.10 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.72 and a current ratio of 0.70. The company has a market capitalization of $15,493.16, a P/E ratio of 42.24, a price-to-earnings-growth ratio of 1.81 and a beta of 0.89. Expedia, Inc. has a one year low of $98.52 and a one year high of $161.00.

Expedia (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, February 8th. The online travel company reported $0.84 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by ($0.31). The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Expedia had a net margin of 3.76% and a return on equity of 9.66%. The firm’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.17 earnings per share. equities research analysts predict that Expedia, Inc. will post 3.62 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Thursday, March 8th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.20%. The ex-dividend date is Wednesday, March 7th. Expedia’s payout ratio is 50.63%.

In other Expedia news, Director Dara Khosrowshahi sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $125.00, for a total transaction of $18,750,000.00. Following the transaction, the director now owns 522,348 shares in the company, valued at approximately $65,293,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $289,008.37. Following the transaction, the insider now owns 5,744 shares in the company, valued at approximately $691,405.28. The disclosure for this sale can be found here. Insiders own 20.95% of the company’s stock.

Several research analysts recently commented on EXPE shares. SunTrust Banks reissued a “buy” rating and set a $190.00 target price on shares of Expedia in a research note on Monday, October 23rd. Deutsche Bank reissued a “buy” rating and set a $171.00 target price (down from $175.00) on shares of Expedia in a research note on Tuesday, October 24th. Bank of America cut Expedia from a “buy” rating to a “neutral” rating and set a $149.00 target price for the company. in a research note on Friday, October 27th. UBS Group reissued a “buy” rating and set a $154.00 target price (down from $170.00) on shares of Expedia in a research note on Friday, October 27th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $155.00 target price (down from $175.00) on shares of Expedia in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-one have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $149.81.

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Expedia 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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Institutional Ownership by Quarter for Expedia (NASDAQ:EXPE)

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