Tokio Marine Asset Management Co. Ltd. Has $463,000 Position in Expedia Inc. (EXPE)
Tokio Marine Asset Management Co. Ltd. decreased its stake in Expedia Inc. (NASDAQ:EXPE) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,352 shares of the online travel company’s stock after selling 67 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Expedia were worth $463,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the company. Checchi Capital Advisers LLC boosted its position in Expedia by 1.2% in the second quarter. Checchi Capital Advisers LLC now owns 962 shares of the online travel company’s stock valued at $102,000 after buying an additional 11 shares during the last quarter. Catamount Wealth Management boosted its position in Expedia by 900.0% in the first quarter. Catamount Wealth Management now owns 1,000 shares of the online travel company’s stock valued at $108,000 after buying an additional 900 shares during the last quarter. Middleton & Co Inc MA acquired a new position in Expedia during the second quarter valued at approximately $202,000. Independent Portfolio Consultants Inc. boosted its position in Expedia by 19.2% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,207 shares of the online travel company’s stock valued at $235,000 after buying an additional 355 shares during the last quarter. Finally, Quantum Capital Management acquired a new position in Expedia during the first quarter valued at approximately $257,000. Institutional investors and hedge funds own 82.00% of the company’s stock.
Expedia Inc. (NASDAQ:EXPE) traded down 0.64% during trading on Friday, hitting $117.77. The stock had a trading volume of 1,174,179 shares. The stock has a market cap of $17.63 billion, a price-to-earnings ratio of 87.37 and a beta of 0.68. Expedia Inc. has a 12 month low of $88.40 and a 12 month high of $140.51. The firm has a 50 day moving average of $112.73 and a 200-day moving average of $110.99.
Expedia (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, July 28th. The online travel company reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.05. Expedia had a net margin of 2.33% and a return on equity of 8.02%. The firm earned $2.92 billion during the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter in the previous year, the firm posted $0.89 earnings per share. The company’s revenue was up 32.1% on a year-over-year basis. Equities analysts predict that Expedia Inc. will post $4.92 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, August 25th were paid a $0.26 dividend. This is an increase from Expedia’s previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, August 23rd. This represents a $1.04 dividend on an annualized basis and a yield of 0.88%. Expedia’s payout ratio is 72.73%.
Several research firms recently commented on EXPE. Deutsche Bank AG restated a “buy” rating on shares of Expedia in a research report on Sunday, July 10th. Jefferies Group reiterated a “hold” rating on shares of Expedia in a report on Monday, July 11th. Barclays PLC upped their price objective on Expedia from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, July 29th. Zacks Investment Research cut Expedia from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. Finally, Piper Jaffray Cos. reiterated an “overweight” rating and issued a $147.00 price objective on shares of Expedia in a report on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seventeen have given a buy rating to the company’s stock. Expedia presently has an average rating of “Buy” and a consensus price target of $130.17.
In related news, Director Craig A. Jacobson sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $116.54, for a total value of $932,320.00. Following the completion of the transaction, the director now owns 40,896 shares of the company’s stock, valued at $4,766,019.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark D. Okerstrom sold 56,664 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $114.97, for a total transaction of $6,514,660.08. Following the completion of the transaction, the executive vice president now directly owns 100,543 shares of the company’s stock, valued at approximately $11,559,428.71. The disclosure for this sale can be found here. 20.95% of the stock is currently owned by corporate insiders.
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.
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