Alexandria Capital LLC purchased a new position in shares of Expedia, Inc. (NASDAQ:EXPE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,489 shares of the online travel company’s stock, valued at approximately $777,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in EXPE. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Expedia during the third quarter worth about $101,000. Dupont Capital Management Corp raised its position in shares of Expedia by 90.9% during the fourth quarter. Dupont Capital Management Corp now owns 1,046 shares of the online travel company’s stock worth $125,000 after purchasing an additional 498 shares during the period. Krilogy Financial LLC raised its position in shares of Expedia by 2,900.0% during the third quarter. Krilogy Financial LLC now owns 900 shares of the online travel company’s stock worth $130,000 after purchasing an additional 870 shares during the period. Palisade Capital Management LLC NJ acquired a new stake in shares of Expedia during the third quarter worth about $216,000. Finally, Hyman Charles D acquired a new stake in shares of Expedia during the fourth quarter worth about $216,000. 85.71% of the stock is currently owned by institutional investors.
Expedia, Inc. (NASDAQ:EXPE) opened at $104.10 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market capitalization of $15,870.00, a P/E ratio of 43.74, a price-to-earnings-growth ratio of 1.85 and a beta of 0.89. Expedia, Inc. has a one year low of $98.52 and a one year high of $161.00.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Thursday, March 8th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, March 7th. This represents a $1.20 dividend on an annualized basis and a yield of 1.15%. Expedia’s dividend payout ratio is 50.42%.
In other news, insider Lance A. Soliday sold 2,401 shares of Expedia stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $120.37, for a total transaction of $289,008.37. Following the completion of the transaction, the insider now directly owns 5,744 shares in the company, valued at approximately $691,405.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 20.88% of the company’s stock.
EXPE has been the topic of a number of recent research reports. Morgan Stanley raised Expedia from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, January 10th. Citigroup reissued a “buy” rating and issued a $170.00 target price (down previously from $180.00) on shares of Expedia in a research report on Friday, October 27th. SunTrust Banks lifted their target price on Expedia to $180.00 and gave the company a “buy” rating in a research report on Friday, January 12th. They noted that the move was a valuation call. Zacks Investment Research raised Expedia from a “hold” rating to a “buy” rating and set a $148.00 target price on the stock in a research report on Tuesday, January 16th. Finally, Deutsche Bank reissued a “buy” rating and issued a $171.00 target price (down previously from $175.00) on shares of Expedia in a research report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $149.81.
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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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