California Public Employees Retirement System lifted its position in shares of Expedia, Inc. (NASDAQ:EXPE) by 7.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 258,884 shares of the online travel company’s stock after buying an additional 18,100 shares during the quarter. California Public Employees Retirement System owned about 0.17% of Expedia worth $38,561,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fiduciary Trust Co. acquired a new stake in shares of Expedia during the second quarter worth $127,000. Dupont Capital Management Corp acquired a new stake in shares of Expedia during the second quarter worth $143,000. Pathstone Family Office LLC increased its position in shares of Expedia by 15,833.3% during the second quarter. Pathstone Family Office LLC now owns 956 shares of the online travel company’s stock worth $143,000 after buying an additional 950 shares during the period. Bessemer Group Inc. increased its position in shares of Expedia by 16.6% during the second quarter. Bessemer Group Inc. now owns 1,039 shares of the online travel company’s stock worth $155,000 after buying an additional 148 shares during the period. Finally, CENTRAL TRUST Co increased its position in shares of Expedia by 18.7% during the second quarter. CENTRAL TRUST Co now owns 1,059 shares of the online travel company’s stock worth $158,000 after buying an additional 167 shares during the period. Institutional investors own 84.37% of the company’s stock.
Expedia, Inc. (EXPE) opened at 145.77 on Monday. The company’s 50 day moving average is $146.32 and its 200-day moving average is $141.84. The company has a market capitalization of $22.10 billion, a price-to-earnings ratio of 68.60 and a beta of 0.97. Expedia, Inc. has a 52-week low of $108.50 and a 52-week high of $161.00.
Expedia (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, July 27th. The online travel company reported $0.89 EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same period last year, the company posted $0.83 earnings per share. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year. Equities analysts anticipate that Expedia, Inc. will post $5.03 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, August 24th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.82%. This is an increase from Expedia’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Tuesday, August 22nd. Expedia’s dividend payout ratio is 56.87%.
In related news, Vice Chairman Victor Kaufman sold 35,598 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $149.29, for a total transaction of $5,314,425.42. Following the sale, the insider now directly owns 167,673 shares of the company’s stock, valued at approximately $25,031,902.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Okerstrom sold 12,500 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $150.00, for a total transaction of $1,875,000.00. Following the sale, the executive vice president now directly owns 71,248 shares in the company, valued at $10,687,200. The disclosure for this sale can be found here. Insiders have sold a total of 146,826 shares of company stock worth $22,359,010 over the last three months. 20.88% of the stock is currently owned by insiders.
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Several equities research analysts have recently weighed in on EXPE shares. Stifel Nicolaus reiterated a “hold” rating and set a $160.00 price objective on shares of Expedia in a research report on Thursday, September 7th. Cowen and Company reiterated a “buy” rating on shares of Expedia in a research report on Friday, July 28th. TheStreet upgraded shares of Expedia from a “c+” rating to a “b” rating in a research report on Thursday, July 27th. Cantor Fitzgerald reiterated a “hold” rating on shares of Expedia in a research report on Monday, June 26th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $170.00 price objective (up from $135.00) on shares of Expedia in a research report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $162.75.
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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