Prudential Financial Inc. cut its holdings in shares of Expedia (NASDAQ:EXPE) by 19.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,912 shares of the online travel company’s stock after selling 33,308 shares during the period. Prudential Financial Inc. owned about 0.09% of Expedia worth $15,227,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in EXPE. Winslow Capital Management LLC boosted its position in Expedia by 21.0% in the 4th quarter. Winslow Capital Management LLC now owns 3,092,639 shares of the online travel company’s stock valued at $370,406,000 after buying an additional 535,874 shares during the last quarter. Millennium Management LLC boosted its position in Expedia by 502.2% in the 4th quarter. Millennium Management LLC now owns 442,005 shares of the online travel company’s stock valued at $52,939,000 after buying an additional 368,604 shares during the last quarter. First Trust Advisors LP boosted its position in Expedia by 28.8% in the 4th quarter. First Trust Advisors LP now owns 1,371,635 shares of the online travel company’s stock valued at $164,281,000 after buying an additional 306,536 shares during the last quarter. Mackay Shields LLC bought a new position in Expedia in the 1st quarter valued at $29,337,000. Finally, Flossbach Von Storch AG bought a new position in Expedia in the 4th quarter valued at $31,102,000. Hedge funds and other institutional investors own 79.33% of the company’s stock.
A number of research analysts have commented on EXPE shares. Zacks Investment Research upgraded Expedia from a “sell” rating to a “hold” rating in a research report on Wednesday, April 18th. BidaskClub upgraded Expedia from a “hold” rating to a “buy” rating in a research report on Saturday, April 7th. Royal Bank of Canada reiterated a “buy” rating and issued a $141.00 price objective on shares of Expedia in a research report on Tuesday, April 24th. Barclays increased their price objective on Expedia from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, March 7th. Finally, MKM Partners decreased their price objective on Expedia from $115.00 to $101.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 21st. Twelve investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $144.38.
Shares of Expedia opened at $115.23 on Thursday, Marketbeat.com reports. The firm has a market cap of $17.54 billion, a P/E ratio of 30.98, a price-to-earnings-growth ratio of 1.97 and a beta of 1.06. Expedia has a 12 month low of $98.52 and a 12 month high of $161.00. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.74 and a current ratio of 0.74.
Expedia (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, April 26th. The online travel company reported ($0.46) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.53). The business had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.44 billion. Expedia had a return on equity of 8.25% and a net margin of 3.15%. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.05 EPS. analysts expect that Expedia will post 4.07 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 24th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.04%. The ex-dividend date is Wednesday, May 23rd. Expedia’s payout ratio is presently 32.26%.
Expedia Company Profile
Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
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