Bamco Inc. NY increased its stake in shares of Expedia, Inc. (NASDAQ:EXPE) by 4.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 429,766 shares of the online travel company’s stock after buying an additional 17,444 shares during the quarter. Bamco Inc. NY owned about 0.28% of Expedia worth $61,861,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in EXPE. Strs Ohio grew its holdings in shares of Expedia by 53.2% during the second quarter. Strs Ohio now owns 6,458 shares of the online travel company’s stock valued at $961,000 after buying an additional 2,243 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Expedia by 16.6% in the second quarter. Bessemer Group Inc. now owns 1,039 shares of the online travel company’s stock valued at $155,000 after purchasing an additional 148 shares during the last quarter. Korea Investment CORP boosted its holdings in Expedia by 2,911.8% in the second quarter. Korea Investment CORP now owns 14,246 shares of the online travel company’s stock valued at $2,122,000 after purchasing an additional 13,773 shares during the last quarter. Global X Management Co. LLC boosted its holdings in Expedia by 40.2% in the second quarter. Global X Management Co. LLC now owns 3,112 shares of the online travel company’s stock valued at $464,000 after purchasing an additional 893 shares during the last quarter. Finally, Wetherby Asset Management Inc. purchased a new stake in Expedia in the second quarter valued at $214,000. 84.20% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have commented on EXPE shares. Credit Suisse Group set a $147.00 price target on shares of Expedia and gave the company a “hold” rating in a report on Friday, October 27th. UBS reaffirmed a “buy” rating and issued a $154.00 price target (down from $170.00) on shares of Expedia in a report on Friday, October 27th. Deutsche Bank reaffirmed a “buy” rating and issued a $171.00 price target (down from $175.00) on shares of Expedia in a report on Tuesday, October 24th. SunTrust Banks reaffirmed a “buy” rating and issued a $190.00 price target on shares of Expedia in a report on Monday, August 28th. Finally, Cowen set a $158.00 price target on shares of Expedia and gave the company a “buy” rating in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. Expedia presently has a consensus rating of “Buy” and an average price target of $159.44.
Expedia, Inc. (EXPE) opened at $117.83 on Tuesday. Expedia, Inc. has a 1 year low of $111.88 and a 1 year high of $161.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $17,895.70, a PE ratio of 29.61, a P/E/G ratio of 1.83 and a beta of 0.89.
Expedia (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, October 26th. The online travel company reported $2.51 EPS for the quarter, missing the Zacks’ consensus estimate of $2.61 by ($0.10). The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.98 billion. Expedia had a net margin of 4.09% and a return on equity of 10.71%. The firm’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.41 EPS. analysts forecast that Expedia, Inc. will post 3.91 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 7th. Shareholders of record on Thursday, November 16th were issued a $0.30 dividend. The ex-dividend date was Wednesday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.02%. Expedia’s payout ratio is 47.43%.
In other Expedia news, Director Dara Khosrowshahi sold 150,000 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $125.00, for a total value of $18,750,000.00. Following the completion of the sale, the director now owns 522,348 shares in the company, valued at approximately $65,293,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Victor Kaufman sold 119,575 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $123.67, for a total transaction of $14,787,840.25. Following the completion of the sale, the insider now owns 169,575 shares of the company’s stock, valued at approximately $20,971,340.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 352,548 shares of company stock valued at $43,689,017. 20.88% of the stock is owned by insiders.
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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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