Sterling Capital Management LLC raised its stake in shares of Expedia, Inc. (NASDAQ:EXPE) by 25.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,570 shares of the online travel company’s stock after buying an additional 6,215 shares during the quarter. Sterling Capital Management LLC’s holdings in Expedia were worth $4,400,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. purchased a new position in Expedia during the third quarter valued at $101,000. San Francisco Sentry Investment Group CA purchased a new position in Expedia during the second quarter valued at $102,000. Fiduciary Trust Co. purchased a new position in Expedia during the second quarter valued at $127,000. Krilogy Financial LLC raised its stake in Expedia by 2,900.0% during the third quarter. Krilogy Financial LLC now owns 900 shares of the online travel company’s stock valued at $130,000 after buying an additional 870 shares during the last quarter. Finally, Sun Life Financial INC raised its stake in Expedia by 10,987.5% during the second quarter. Sun Life Financial INC now owns 887 shares of the online travel company’s stock valued at $132,000 after buying an additional 879 shares during the last quarter. Institutional investors and hedge funds own 84.20% of the company’s stock.
Shares of Expedia, Inc. (NASDAQ:EXPE) opened at $120.88 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.60. Expedia, Inc. has a fifty-two week low of $111.88 and a fifty-two week high of $161.00. The company has a market capitalization of $18,049.47, a price-to-earnings ratio of 29.86, a P/E/G ratio of 1.85 and a beta of 0.89.
Expedia (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, October 26th. The online travel company reported $2.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.61 by ($0.10). Expedia had a return on equity of 10.71% and a net margin of 4.09%. The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the previous year, the firm earned $2.41 EPS. The business’s revenue was up 14.9% on a year-over-year basis. analysts forecast that Expedia, Inc. will post 3.91 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 7th. Investors of record on Thursday, November 16th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Wednesday, November 15th. Expedia’s payout ratio is currently 47.43%.
In related news, Vice Chairman Victor Kaufman sold 119,575 shares of Expedia stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $123.67, for a total value 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 $20,971,340.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dara Khosrowshahi sold 10,590 shares of Expedia stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $117.58, for a total value of $1,245,172.20. Following the completion of the sale, the director now directly owns 422,348 shares of the company’s stock, valued at approximately $49,659,677.84. The disclosure for this sale can be found here. Insiders sold 352,548 shares of company stock valued at $43,689,017 in the last ninety days. 20.95% of the stock is currently owned by corporate insiders.
A number of research analysts have issued reports on the company. Zacks Investment Research cut Expedia from a “hold” rating to a “sell” rating in a research note on Monday, September 11th. Cowen set a $135.00 price objective on Expedia and gave the company a “buy” rating in a research note on Sunday, October 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $175.00 price objective on shares of Expedia in a research note on Thursday, September 7th. BidaskClub upgraded Expedia from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Finally, UBS restated a “buy” rating and issued a $170.00 price target (down previously from $178.00) on shares of Expedia in a research note on Friday, September 22nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $159.44.
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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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