US Bancorp DE cut its position in shares of Expedia, Inc. (NASDAQ:EXPE) by 60.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,255 shares of the online travel company’s stock after selling 15,676 shares during the quarter. US Bancorp DE’s holdings in Expedia were worth $1,228,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Douglas Lane & Associates LLC lifted its stake in Expedia by 26.6% during the fourth quarter. Douglas Lane & Associates LLC now owns 313,239 shares of the online travel company’s stock valued at $37,517,000 after buying an additional 65,821 shares in the last quarter. Pinebridge Investments L.P. purchased a new stake in Expedia during the third quarter valued at about $840,000. Boyd Watterson Asset Management LLC OH lifted its stake in Expedia by 23.3% during the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 10,279 shares of the online travel company’s stock valued at $1,231,000 after buying an additional 1,940 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in Expedia by 1,169.4% during the third quarter. Teacher Retirement System of Texas now owns 42,487 shares of the online travel company’s stock valued at $6,116,000 after buying an additional 39,140 shares in the last quarter. Finally, Stevens Capital Management LP purchased a new stake in Expedia during the third quarter valued at about $4,408,000. 85.71% of the stock is owned by institutional investors.
In other Expedia news, Director Dara Khosrowshahi sold 150,000 shares of the 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 $65,293,500. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Lance A. Soliday sold 2,401 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were 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. Company insiders own 20.88% of the company’s stock.
Expedia (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, February 8th. The online travel company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.31). The business had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.35 billion. Expedia had a net margin of 3.76% and a return on equity of 9.66%. Expedia’s revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.17 EPS. equities analysts expect that Expedia, Inc. will post 3.62 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Investors 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 1.16%. The ex-dividend date of this dividend is Wednesday, March 7th. Expedia’s payout ratio is presently 52.40%.
A number of analysts have recently issued reports on the stock. Bank of America reduced their price target on shares of Expedia from $145.00 to $138.00 and set a “buy” rating for the company in a research report on Friday, February 9th. Cowen set a $125.00 price target on shares of Expedia and gave the stock a “buy” rating in a research report on Friday, February 9th. Wells Fargo & Co reissued a “buy” rating and issued a $130.00 price target on shares of Expedia in a research report on Friday, February 9th. Needham & Company LLC lowered shares of Expedia from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Finally, KeyCorp reduced their price target on shares of Expedia from $150.00 to $125.00 and set an “overweight” rating for the company in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $149.81.
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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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