Sterling Capital Management LLC reduced its holdings in shares of Expedia Inc (NASDAQ:EXPE) by 18.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,921 shares of the online travel company’s stock after selling 5,649 shares during the period. Sterling Capital Management LLC’s holdings in Expedia were worth $2,985,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of EXPE. New Mexico Educational Retirement Board grew its stake in shares of Expedia by 3.5% in the 4th quarter. New Mexico Educational Retirement Board now owns 11,728 shares of the online travel company’s stock valued at $1,405,000 after buying an additional 400 shares during the period. Dupont Capital Management Corp grew its stake in shares of Expedia by 90.9% in the 4th quarter. Dupont Capital Management Corp now owns 1,046 shares of the online travel company’s stock valued at $125,000 after buying an additional 498 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in shares of Expedia by 3.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 17,611 shares of the online travel company’s stock valued at $2,535,000 after buying an additional 556 shares during the period. Private Advisor Group LLC grew its stake in shares of Expedia by 13.8% in the 3rd quarter. Private Advisor Group LLC now owns 4,697 shares of the online travel company’s stock valued at $688,000 after buying an additional 571 shares during the period. Finally, California State Teachers Retirement System grew its stake in shares of Expedia by 0.3% in the 4th quarter. California State Teachers Retirement System now owns 205,087 shares of the online travel company’s stock valued at $24,563,000 after buying an additional 581 shares during the period. Hedge funds and other institutional investors own 80.19% of the company’s stock.
EXPE stock opened at $106.11 on Friday. Expedia Inc has a 1 year low of $98.52 and a 1 year high of $161.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market cap of $16,242.99, a P/E ratio of 44.77, a price-to-earnings-growth ratio of 1.81 and a beta of 1.05.
Expedia (NASDAQ:EXPE) last posted its earnings results on Thursday, February 8th. The online travel company reported $0.84 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by ($0.31). Expedia had a return on equity of 9.66% and a net margin of 3.76%. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the prior year, the business earned $1.17 EPS. Expedia’s quarterly revenue was up 10.8% compared to the same quarter last year. sell-side analysts forecast that Expedia Inc will post 3.59 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Thursday, March 8th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, March 7th. This represents a $1.20 annualized dividend and a dividend yield of 1.13%. Expedia’s dividend payout ratio is currently 50.63%.
Several analysts have recently commented on EXPE shares. Morgan Stanley upgraded Expedia from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, January 10th. SunTrust Banks raised their target price on Expedia to $180.00 and gave the company a “buy” rating in a research note on Friday, January 12th. They noted that the move was a valuation call. Zacks Investment Research upgraded 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. BidaskClub upgraded Expedia from a “strong sell” rating to a “sell” rating in a research note on Friday, January 5th. Finally, Credit Suisse Group set a $132.00 target price on Expedia and gave the company a “buy” rating in a research note on Friday, February 9th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and nineteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $146.45.
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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