Shellback Capital LP grew its stake in Expedia Inc (NASDAQ:EXPE) by 70.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 115,491 shares of the online travel company’s stock after buying an additional 47,700 shares during the period. Shellback Capital LP owned 0.08% of Expedia worth $13,832,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EXPE. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Expedia during the third quarter valued at approximately $101,000. Delpha Capital Management LLC purchased a new stake in shares of Expedia during the fourth quarter valued at approximately $104,000. Dupont Capital Management Corp increased its position in shares of Expedia by 90.9% during the fourth quarter. Dupont Capital Management Corp now owns 1,046 shares of the online travel company’s stock valued at $125,000 after acquiring an additional 498 shares during the last quarter. Krilogy Financial LLC increased its position in shares of 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 acquiring an additional 870 shares during the last quarter. Finally, Aristotle Atlantic Partners LLC purchased a new stake in shares of Expedia during the fourth quarter valued at approximately $207,000. 80.33% of the stock is owned by institutional investors and hedge funds.
Expedia Inc (NASDAQ EXPE) traded down $0.83 during mid-day trading on Thursday, reaching $112.45. The company had a trading volume of 3,597,263 shares, compared to its average volume of 3,250,000. The company has a market cap of $17,070.00, a PE ratio of 49.32, a PEG ratio of 1.86 and a beta of 1.05. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.70 and a quick ratio of 0.70. Expedia Inc has a fifty-two week low of $98.52 and a fifty-two week high of $161.00.
Expedia (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, February 8th. The online travel company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.31). The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.35 billion. Expedia had a net margin of 3.76% and a return on equity of 9.66%. Expedia’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.17 earnings per share. analysts predict that Expedia Inc will post 3.8 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Thursday, March 8th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, March 7th. This represents a $1.20 annualized dividend and a dividend yield of 1.07%. Expedia’s payout ratio is 52.63%.
Several equities analysts have recently weighed in on the company. Macquarie cut Expedia from an “outperform” rating to a “neutral” rating and set a $115.00 price target for the company. in a research report on Thursday. Barclays lifted their price objective on Expedia from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, March 7th. MKM Partners dropped their price objective on Expedia from $115.00 to $101.00 and set a “neutral” rating for the company in a research note on Wednesday, February 21st. Needham & Company LLC lowered Expedia from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Finally, Bank of America dropped their price target on Expedia from $145.00 to $138.00 and set a “buy” rating for the company in a research note on Friday, February 9th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $147.37.
In other news, insider Lance A. Soliday sold 2,401 shares of the company’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $120.37, for a total value of $289,008.37. Following the completion of the sale, the insider now directly owns 5,744 shares in the company, valued at approximately $691,405.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 20.95% of the stock is owned by corporate 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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