Skandinaviska Enskilda Banken AB publ lowered its stake in Expedia, Inc. (NASDAQ:EXPE) by 0.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,544 shares of the online travel company’s stock after selling 1 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Expedia were worth $1,835,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of EXPE. Edge Wealth Management LLC purchased a new stake in shares of Expedia during the first quarter valued at $126,000. State of Alaska Department of Revenue purchased a new stake in shares of Expedia during the first quarter valued at $146,000. Point72 Asia Hong Kong Ltd boosted its stake in shares of 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 in the last quarter. Rice Hall James & Associates LLC boosted its stake in shares of 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 valued at $180,000 after buying an additional 41 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of Expedia by 66.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,494 shares of the online travel company’s stock valued at $188,000 after buying an additional 594 shares in the last quarter. Institutional investors and hedge funds own 80.96% of the company’s stock.
Expedia, Inc. (NASDAQ:EXPE) traded up 3.40% during midday trading on Friday, hitting $159.50. The stock had a trading volume of 4,398,933 shares. The firm’s 50-day moving average price is $150.79 and its 200 day moving average price is $134.84. The company has a market cap of $24.08 billion, a P/E ratio of 80.96 and a beta of 0.93. Expedia, Inc. has a 12 month low of $105.62 and a 12 month high of $161.00.
Expedia (NASDAQ:EXPE) last released its earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by $0.05. The company had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.55 billion. Expedia had a net margin of 3.36% and a return on equity of 11.01%. Expedia’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 earnings per share. On average, analysts expect that Expedia, Inc. will post $5.29 earnings per share for the current fiscal year.
EXPE has been the subject of several recent research reports. Cowen and Company reissued a “buy” rating on shares of Expedia in a report on Friday. Cantor Fitzgerald reaffirmed a “hold” rating on shares of Expedia in a research note on Monday, June 26th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $170.00 price target (up from $135.00) on shares of Expedia in a research note on Tuesday, July 18th. Credit Suisse Group set a $151.00 price target on Expedia and gave the company a “buy” rating in a research note on Sunday, April 30th. Finally, Zacks Investment Research lowered Expedia from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $155.06.
In other news, Director Susan C. Athey sold 670 shares of Expedia stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $138.59, for a total value of $92,855.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Robert J. Dzielak sold 31,829 shares of Expedia stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $140.00, for a total value of $4,456,060.00. Following the completion of the sale, the executive vice president now directly owns 33,606 shares in the company, valued at $4,704,840. The disclosure for this sale can be found here. Insiders sold 38,043 shares of company stock worth $5,330,777 over the last 90 days. Company insiders own 20.95% 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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