State Street Corp Trims Holdings in Expedia, Inc. (EXPE)

State Street Corp decreased its position in Expedia, Inc. (NASDAQ:EXPE) by 1.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,886,727 shares of the online travel company’s stock after selling 70,850 shares during the quarter. State Street Corp owned 3.22% of Expedia worth $727,876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Colonial Trust Advisors increased its stake in Expedia by 40.3% in the 2nd quarter. Colonial Trust Advisors now owns 32,873 shares of the online travel company’s stock worth $4,896,000 after acquiring an additional 9,449 shares during the last quarter. Janus Henderson Group PLC increased its stake in Expedia by 15.0% in the 2nd quarter. Janus Henderson Group PLC now owns 393,027 shares of the online travel company’s stock worth $58,536,000 after acquiring an additional 51,260 shares during the last quarter. San Francisco Sentry Investment Group CA bought a new stake in Expedia in the 2nd quarter worth approximately $102,000. Macquarie Group Ltd. increased its stake in Expedia by 377.8% in the 2nd quarter. Macquarie Group Ltd. now owns 48,253 shares of the online travel company’s stock worth $7,188,000 after acquiring an additional 38,153 shares during the last quarter. Finally, TPG Group Holdings SBS Advisors Inc. increased its stake in Expedia by 4.5% in the 2nd quarter. TPG Group Holdings SBS Advisors Inc. now owns 21,581 shares of the online travel company’s stock worth $3,214,000 after acquiring an additional 935 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have issued reports on EXPE shares. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $190.00 price objective on shares of Expedia in a research note on Monday, August 28th. Credit Suisse Group set a $175.00 price objective on Expedia and gave the stock a “buy” rating in a research note on Saturday, July 29th. Cowen and Company reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Expedia in a research note on Sunday, August 27th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Expedia in a research note on Thursday, September 14th. Finally, Zacks Investment Research downgraded Expedia from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $163.26.

TRADEMARK VIOLATION NOTICE: This story was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another publication, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/10/state-street-corp-trims-holdings-in-expedia-inc-expe.html.

In related news, CEO Dara Khosrowshahi sold 86,228 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 518,576 shares of the company’s stock, valued at approximately $79,922,933.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Victor Kaufman sold 35,598 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $149.29, for a total value of $5,314,425.42. Following the transaction, the insider now directly owns 167,673 shares of the company’s stock, valued at $25,031,902.17. The disclosure for this sale can be found here. Insiders have sold a total of 146,826 shares of company stock valued at $22,359,010 over the last three months. 20.88% of the stock is currently owned by insiders.

Shares of Expedia, Inc. (NASDAQ:EXPE) traded up 0.9125% during midday trading on Tuesday, hitting $147.7965. The company had a trading volume of 118,425 shares. The firm has a market capitalization of $22.41 billion, a PE ratio of 69.5513 and a beta of 0.93. Expedia, Inc. has a 12 month low of $111.88 and a 12 month high of $161.00. The company has a 50-day moving average of $145.20 and a 200 day moving average of $143.70.

Expedia (NASDAQ:EXPE) last released its earnings results 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 return on equity of 10.98% and a net margin of 3.49%. The company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the previous year, the firm earned $0.83 earnings per share. The company’s revenue for the quarter was up 17.8% compared to the same quarter last year. On average, analysts expect that Expedia, Inc. will post $5.00 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, August 24th were paid a div

A number of other large investors have also recently added to or reduced their stakes in the business. Colonial Trust Advisors increased its stake in Expedia by 40.3% in the 2nd quarter. Colonial Trust Advisors now owns 32,873 shares of the online travel company’s stock worth $4,896,000 after acquiring an additional 9,449 shares during the last quarter. Janus Henderson Group PLC increased its stake in Expedia by 15.0% in the 2nd quarter. Janus Henderson Group PLC now owns 393,027 shares of the online travel company’s stock worth $58,536,000 after acquiring an additional 51,260 shares during the last quarter. San Francisco Sentry Investment Group CA bought a new stake in Expedia in the 2nd quarter worth approximately $102,000. Macquarie Group Ltd. increased its stake in Expedia by 377.8% in the 2nd quarter. Macquarie Group Ltd. now owns 48,253 shares of the online travel company’s stock worth $7,188,000 after acquiring an additional 38,153 shares during the last quarter. Finally, TPG Group Holdings SBS Advisors Inc. increased its stake in Expedia by 4.5% in the 2nd quarter. TPG Group Holdings SBS Advisors Inc. now owns 21,581 shares of the online travel company’s stock worth $3,214,000 after acquiring an additional 935 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have issued reports on EXPE shares. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $190.00 price objective on shares of Expedia in a research note on Monday, August 28th. Credit Suisse Group set a $175.00 price objective on Expedia and gave the stock a “buy” rating in a research note on Saturday, July 29th. Cowen and Company reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Expedia in a research note on Sunday, August 27th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Expedia in a research note on Thursday, September 14th. Finally, Zacks Investment Research downgraded Expedia from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $163.26.

TRADEMARK VIOLATION NOTICE: This story was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another publication, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/10/state-street-corp-trims-holdings-in-expedia-inc-expe.html.

In related news, CEO Dara Khosrowshahi sold 86,228 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 518,576 shares of the company’s stock, valued at approximately $79,922,933.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Victor Kaufman sold 35,598 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $149.29, for a total value of $5,314,425.42. Following the transaction, the insider now directly owns 167,673 shares of the company’s stock, valued at $25,031,902.17. The disclosure for this sale can be found here. Insiders have sold a total of 146,826 shares of company stock valued at $22,359,010 over the last three months. 20.88% of the stock is currently owned by insiders.

Shares of Expedia, Inc. (NASDAQ:EXPE) traded up 0.9125% during midday trading on Tuesday, hitting $147.7965. The company had a trading volume of 118,425 shares. The firm has a market capitalization of $22.41 billion, a PE ratio of 69.5513 and a beta of 0.93. Expedia, Inc. has a 12 month low of $111.88 and a 12 month high of $161.00. The company has a 50-day moving average of $145.20 and a 200 day moving average of $143.70.

Expedia (NASDAQ:EXPE) last released its earnings results 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 return on equity of 10.98% and a net margin of 3.49%. The company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the previous year, the firm earned $0.83 earnings per share. The company’s revenue for the quarter was up 17.8% compared to the same quarter last year. On average, analysts expect that Expedia, Inc. will post $5.00 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, August 24th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.82%. This is a boost from Expedia’s previous quarterly dividend of $0.28. The ex-dividend date was Tuesday, August 22nd. Expedia’s payout ratio is presently 56.87%.

About Expedia

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.

Institutional Ownership by Quarter for Expedia (NASDAQ:EXPE)

Receive News & Ratings for Expedia Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expedia Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply