Westfield Capital Management Co. LP lifted its position in shares of Expedia, Inc. (NASDAQ:EXPE) by 31.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 180,239 shares of the online travel company’s stock after purchasing an additional 43,114 shares during the period. Westfield Capital Management Co. LP owned about 0.12% of Expedia worth $25,944,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Expedia by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 12,045,217 shares of the online travel company’s stock worth $1,794,135,000 after purchasing an additional 428,656 shares during the last quarter. BlackRock Inc. lifted its position in shares of Expedia by 2.0% during the 2nd quarter. BlackRock Inc. now owns 7,990,536 shares of the online travel company’s stock worth $1,190,191,000 after purchasing an additional 157,847 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Expedia by 17.6% during the 2nd quarter. Jennison Associates LLC now owns 3,998,193 shares of the online travel company’s stock worth $595,531,000 after purchasing an additional 599,037 shares during the last quarter. FMR LLC lifted its position in shares of Expedia by 4.8% during the 2nd quarter. FMR LLC now owns 2,481,274 shares of the online travel company’s stock worth $369,586,000 after purchasing an additional 112,581 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Expedia by 5.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,115,880 shares of the online travel company’s stock worth $304,558,000 after purchasing an additional 116,781 shares during the last quarter. 84.20% of the stock is owned by institutional investors and hedge funds.
In other news, Vice Chairman Victor Kaufman sold 119,575 shares of the company’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 directly owns 169,575 shares of the company’s stock, valued at $20,971,340.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dara Khosrowshahi sold 150,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $125.00, for a total transaction of $18,750,000.00. Following the completion of the sale, the director now directly owns 522,348 shares of the company’s stock, valued at $65,293,500. The disclosure for this sale can be found here. Insiders sold 352,548 shares of company stock valued at $43,689,017 over the last ninety days. Corporate insiders own 20.88% of the company’s stock.
Expedia (NASDAQ:EXPE) last announced its earnings results on Thursday, October 26th. The online travel company reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $2.61 by ($0.10). Expedia had a net margin of 4.09% and a return on equity of 10.71%. The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same period in the previous year, the company posted $2.41 earnings per share. Expedia’s quarterly revenue was up 14.9% on a year-over-year basis. sell-side analysts anticipate that Expedia, Inc. will post 3.91 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Thursday, November 16th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.98%. Expedia’s payout ratio is 47.43%.
A number of equities research analysts recently weighed in on the stock. BidaskClub cut shares of Expedia from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. SunTrust Banks assumed coverage on shares of Expedia in a research report on Tuesday, August 15th. They issued a “buy” rating and a $190.00 price target for the company. Jefferies Group raised shares of Expedia from a “hold” rating to a “buy” rating and boosted their price target for the company from $140.00 to $180.00 in a research report on Thursday, August 24th. Cowen reissued a “buy” rating and issued a $170.00 price target on shares of Expedia in a research report on Sunday, August 27th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $173.00 price target on shares of Expedia in a research report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $159.61.
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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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