Expedia Inc. (EXPE) Shares Bought by Mizuho Asset Management Co. Ltd.
Mizuho Asset Management Co. Ltd. raised its position in shares of Expedia Inc. (NASDAQ:EXPE) by 144.6% during the second quarter, Holdings Channel reports. The fund owned 1,661 shares of the online travel company’s stock after buying an additional 982 shares during the period. Mizuho Asset Management Co. Ltd.’s holdings in Expedia were worth $177,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of EXPE. Wellington Management Group LLP raised its stake in Expedia by 211.9% in the first quarter. Wellington Management Group LLP now owns 3,706,987 shares of the online travel company’s stock worth $399,687,000 after buying an additional 2,518,390 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Expedia by 186.7% in the second quarter. Ameriprise Financial Inc. now owns 2,166,442 shares of the online travel company’s stock worth $230,298,000 after buying an additional 1,410,890 shares in the last quarter. Norges Bank purchased a new stake in Expedia during the fourth quarter worth approximately $141,124,000. JPMorgan Chase & Co. raised its stake in Expedia by 13.3% in the second quarter. JPMorgan Chase & Co. now owns 4,092,152 shares of the online travel company’s stock worth $434,995,000 after buying an additional 479,617 shares in the last quarter. Finally, Bank of Montreal Can purchased a new stake in Expedia during the second quarter worth approximately $38,235,000. 82.00% of the stock is owned by institutional investors.
Shares of Expedia Inc. (NASDAQ:EXPE) traded up 0.70% during mid-day trading on Thursday, hitting $108.78. The stock had a trading volume of 97,583 shares. The stock’s 50-day moving average price is $112.53 and its 200 day moving average price is $110.61. Expedia Inc. has a 1-year low of $88.40 and a 1-year high of $140.51. The company has a market capitalization of $16.29 billion, a P/E ratio of 80.70 and a beta of 0.84.
Expedia (NASDAQ:EXPE) last released its earnings results on Thursday, July 28th. The online travel company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.05. The firm earned $2.92 billion during the quarter, compared to the consensus estimate of $2.25 billion. Expedia had a return on equity of 8.02% and a net margin of 2.33%. The company’s revenue was up 32.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.89 EPS. On average, analysts predict that Expedia Inc. will post $4.93 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, August 25th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.96%. This is an increase from Expedia’s previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, August 23rd. Expedia’s dividend payout ratio is presently 72.73%.
A number of analysts have commented on EXPE shares. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Expedia in a research note on Saturday, June 4th. Atlantic Securities raised shares of Expedia from a “neutral” rating to an “overweight” rating and set a $130.00 price objective for the company in a research note on Monday, June 20th. Jefferies Group reaffirmed a “hold” rating and set a $125.00 price objective on shares of Expedia in a research note on Monday, June 27th. Zacks Investment Research raised shares of Expedia from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a research report on Wednesday, June 29th. Finally, Barclays PLC reissued an “overweight” rating and issued a $120.00 price target on shares of Expedia in a research report on Thursday, June 30th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seventeen have given a buy rating to the stock. Expedia has a consensus rating of “Buy” and a consensus target price of $129.99.
In related news, insider Lance A. Soliday sold 1,500 shares of the company’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $111.00, for a total transaction of $166,500.00. Following the completion of the sale, the insider now directly owns 2,915 shares in the company, valued at approximately $323,565. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mark D. Okerstrom sold 56,664 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $114.97, for a total value of $6,514,660.08. Following the sale, the executive vice president now owns 100,543 shares of the company’s stock, valued at $11,559,428.71. The disclosure for this sale can be found here. Insiders own 20.95% of the company’s stock.
Expedia, Inc is an online travel company. The Company makes travel products and services available, on a standalone and package basis, provided by various lodging properties, airlines, car rental companies, destination service providers, cruise lines and other travel product and service companies. Its Core OTA segment provides a range of travel and advertising services, 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, Venere, Wotif Group, CarRentals.com, and Classic Vacations.
Want to see what other hedge funds are holding EXPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expedia Inc. (NASDAQ:EXPE).
Receive News & Ratings for Expedia Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expedia Inc. and related companies with MarketBeat.com's FREE daily email newsletter.