Colonial Trust Advisors boosted its position in shares of Expedia Inc (NASDAQ:EXPE) by 25.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 45,469 shares of the online travel company’s stock after purchasing an additional 9,168 shares during the period. Colonial Trust Advisors’ holdings in Expedia were worth $5,446,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Xact Kapitalforvaltning AB raised its stake in shares of Expedia by 6.2% in the fourth quarter. Xact Kapitalforvaltning AB now owns 24,333 shares of the online travel company’s stock worth $2,914,000 after acquiring an additional 1,422 shares during the last quarter. Handelsbanken Fonder AB raised its stake in shares of Expedia by 33.3% in the fourth quarter. Handelsbanken Fonder AB now owns 60,000 shares of the online travel company’s stock worth $7,186,000 after acquiring an additional 15,000 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Expedia by 74.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,729 shares of the online travel company’s stock worth $1,285,000 after acquiring an additional 4,584 shares during the last quarter. Tuttle Tactical Management LLC raised its stake in shares of Expedia by 28.8% in the fourth quarter. Tuttle Tactical Management LLC now owns 12,081 shares of the online travel company’s stock worth $1,446,000 after acquiring an additional 2,699 shares during the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in shares of Expedia in the fourth quarter worth about $3,042,000. 80.19% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on EXPE shares. Vetr downgraded shares of Expedia from a “strong-buy” rating to a “buy” rating and set a $140.63 target price for the company. in a research note on Thursday, January 4th. Bank of America raised shares of Expedia from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 3rd. Oppenheimer reaffirmed a “buy” rating on shares of Expedia in a research note on Wednesday, December 20th. SunTrust Banks boosted their target price on shares of Expedia to $180.00 and gave the stock a “buy” rating in a research note on Friday, January 12th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of Expedia from a “hold” rating to a “buy” rating and set a $148.00 target price for the company in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and nineteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $147.37.
Expedia stock opened at $109.24 on Thursday. The stock has a market cap of $16,748.59, a P/E ratio of 30.31, a P/E/G ratio of 1.87 and a beta of 1.05. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.70 and a current ratio of 0.70. Expedia Inc has a 1-year low of $98.52 and a 1-year high of $161.00.
Expedia (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, February 8th. The online travel company reported $0.84 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.31). The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.35 billion. Expedia had a net margin of 3.76% and a return on equity of 9.66%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.17 EPS. equities analysts forecast that Expedia Inc will post 3.59 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Thursday, March 8th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Wednesday, March 7th. Expedia’s dividend payout ratio is currently 50.63%.
ILLEGAL ACTIVITY WARNING: “Colonial Trust Advisors Has $5.45 Million Position in Expedia Inc (EXPE)” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://ledgergazette.com/2018/03/22/colonial-trust-advisors-has-5-45-million-position-in-expedia-inc-expe.html.
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.
Receive News & Ratings for Expedia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expedia and related companies with MarketBeat.com's FREE daily email newsletter.