Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Expedia, Inc. (NASDAQ:EXPE) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 3,732 shares of the online travel company’s stock, valued at approximately $556,000.
A number of other large investors also recently added to or reduced their stakes in EXPE. BlackRock Inc. raised its stake in Expedia by 3,458.6% during the 1st quarter. BlackRock Inc. now owns 7,832,689 shares of the online travel company’s stock valued at $988,252,000 after purchasing an additional 7,612,585 shares during the last quarter. Neuberger Berman Group LLC raised its stake in Expedia by 1,118.9% during the 1st quarter. Neuberger Berman Group LLC now owns 1,805,829 shares of the online travel company’s stock valued at $227,841,000 after purchasing an additional 1,657,678 shares during the last quarter. Wellington Management Group LLP raised its stake in Expedia by 14.6% during the 1st quarter. Wellington Management Group LLP now owns 6,000,184 shares of the online travel company’s stock valued at $757,042,000 after purchasing an additional 764,343 shares during the last quarter. Jennison Associates LLC raised its stake in Expedia by 17.6% during 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 last quarter. Finally, Renaissance Technologies LLC raised its stake in Expedia by 193.4% during the 1st quarter. Renaissance Technologies LLC now owns 761,459 shares of the online travel company’s stock valued at $96,073,000 after purchasing an additional 501,900 shares during the last quarter. Hedge funds and other institutional investors own 84.37% of the company’s stock.
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In other news, CEO Dara Khosrowshahi sold 86,228 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $154.12, for a total transaction of $13,289,459.36. Following the sale, the chief executive officer now directly owns 518,576 shares in the company, valued at $79,922,933.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Mark D. Okerstrom sold 12,500 shares of the business’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 sale, the executive vice president now owns 71,248 shares in the company, valued at $10,716,411.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 146,826 shares of company stock worth $22,359,010. Company insiders own 20.95% of the company’s stock.
Expedia, Inc. (NASDAQ:EXPE) opened at 145.77 on Friday. Expedia, Inc. has a 52-week low of $107.10 and a 52-week high of $161.00. The firm’s 50-day moving average is $146.32 and its 200-day moving average is $141.84. The firm has a market capitalization of $22.10 billion, a P/E ratio of 68.60 and a beta of 0.97.
Expedia (NASDAQ:EXPE) last released its earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.05). Expedia had a net margin of 3.49% and a return on equity of 10.98%. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the prior year, the firm earned $0.83 EPS. The business’s revenue was up 17.8% on a year-over-year basis. On average, equities analysts expect that Expedia, Inc. will post $5.03 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Tuesday, August 22nd. This is a boost from Expedia’s previous quarterly dividend of $0.28. Expedia’s payout ratio is currently 56.87%.
Several equities analysts recently commented on the stock. UBS AG reiterated a “buy” rating and set a $170.00 target price (down from $178.00) on shares of Expedia in a research note on Friday. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Expedia in a research note on Thursday, September 14th. Zacks Investment Research cut shares of Expedia from a “hold” rating to a “sell” rating in a research note on Monday, September 11th. Guggenheim reiterated a “buy” rating and set a $175.00 target price (down from $190.00) on shares of Expedia in a research note on Thursday, September 7th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $175.00 target price on shares of Expedia in a research note on Thursday, September 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Expedia currently has a consensus rating of “Buy” and a consensus target price of $162.75.
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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