Trust Investment Advisors reduced its holdings in Expedia, Inc. (NASDAQ:EXPE) by 21.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,720 shares of the online travel company’s stock after selling 1,000 shares during the quarter. Trust Investment Advisors’ holdings in Expedia were worth $535,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Balyasny Asset Management LLC purchased a new position in shares of Expedia in the 2nd quarter valued at approximately $107,942,000. Jennison Associates LLC lifted its stake in shares of Expedia by 17.6% in the 2nd quarter. Jennison Associates LLC now owns 3,998,193 shares of the online travel company’s stock valued at $595,531,000 after purchasing an additional 599,037 shares during the period. Fred Alger Management Inc. purchased a new position in shares of Expedia in the 2nd quarter valued at approximately $86,569,000. Artisan Partners Limited Partnership lifted its stake in shares of Expedia by 61.9% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,437,446 shares of the online travel company’s stock valued at $214,108,000 after purchasing an additional 549,366 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Expedia by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 12,045,217 shares of the online travel company’s stock valued at $1,794,135,000 after purchasing an additional 428,656 shares during the period. Hedge funds and other institutional investors own 82.88% of the company’s stock.
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In other news, EVP Mark D. Okerstrom sold 12,500 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 71,248 shares of the company’s stock, valued at $10,716,411.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Victor Kaufman sold 119,575 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $123.67, for a total value of $14,787,840.25. Following the completion of the transaction, the insider now directly owns 169,575 shares of the company’s stock, valued at approximately $20,971,340.25. The disclosure for this sale can be found here. Insiders have sold 204,458 shares of company stock valued at $25,573,970 in the last three months. 20.88% of the stock is currently owned by corporate insiders.
Expedia, Inc. (EXPE) traded down $0.46 during trading hours on Tuesday, reaching $120.28. The company’s stock had a trading volume of 3,445,200 shares, compared to its average volume of 2,054,786. Expedia, Inc. has a twelve month low of $111.88 and a twelve month high of $161.00. 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 company has a market capitalization of $18,382.91, a price-to-earnings ratio of 30.41, a PEG ratio of 1.88 and a beta of 0.90.
Expedia (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, October 26th. The online travel company reported $2.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.61 by ($0.10). Expedia had a net margin of 4.09% and a return on equity of 10.71%. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the prior year, the firm posted $2.41 EPS. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. equities analysts anticipate that Expedia, Inc. will post 3.91 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.30 per share. 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 dividend payout ratio is presently 47.43%.
EXPE has been the subject of a number of research analyst reports. Zacks Investment Research cut Expedia from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Morgan Stanley restated an “equal weight” rating and issued a $170.00 target price (up previously from $135.00) on shares of Expedia in a research note on Tuesday, July 18th. Oppenheimer Holdings, Inc. raised their target price on Expedia from $150.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, July 19th. Credit Suisse Group restated an “outperform” rating and issued a $162.00 target price (up previously from $151.00) on shares of Expedia in a research note on Tuesday, July 25th. They noted that the move was a valuation call. Finally, BidaskClub cut Expedia from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Nine analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. Expedia presently has a consensus rating of “Buy” and an average price target of $159.61.
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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