Expedia Inc. (EXPE) Position Decreased by Retirement Systems of Alabama
Retirement Systems of Alabama reduced its position in shares of Expedia Inc. (NASDAQ:EXPE) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,761 shares of the online travel company’s stock after selling 667 shares during the period. Retirement Systems of Alabama’s holdings in Expedia were worth $6,353,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of EXPE. Prudential Financial Inc. raised its stake in Expedia by 3.8% in the first quarter. Prudential Financial Inc. now owns 144,643 shares of the online travel company’s stock worth $15,595,000 after buying an additional 5,270 shares in the last quarter. BlackRock Group LTD raised its stake in Expedia by 1.8% in the first quarter. BlackRock Group LTD now owns 846,870 shares of the online travel company’s stock worth $91,309,000 after buying an additional 14,779 shares in the last quarter. BlackRock Japan Co. Ltd raised its stake in Expedia by 0.5% in the first quarter. BlackRock Japan Co. Ltd now owns 150,558 shares of the online travel company’s stock worth $16,233,000 after buying an additional 775 shares in the last quarter. Sentry Investment Management LLC raised its stake in Expedia by 6.0% in the first quarter. Sentry Investment Management LLC now owns 7,760 shares of the online travel company’s stock worth $837,000 after buying an additional 440 shares in the last quarter. Finally, Landscape Capital Management L.L.C. raised its stake in Expedia by 29.7% in the first quarter. Landscape Capital Management L.L.C. now owns 8,508 shares of the online travel company’s stock worth $917,000 after buying an additional 1,948 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors.
Expedia Inc. (NASDAQ:EXPE) traded down 0.88% during trading on Tuesday, hitting $117.72. The stock had a trading volume of 1,874,162 shares. The stock has a market cap of $17.62 billion, a PE ratio of 87.33 and a beta of 0.68. The firm’s 50-day moving average price is $112.84 and its 200-day moving average price is $111.10. Expedia Inc. has a 1-year low of $88.40 and a 1-year high of $140.51.
Expedia (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, July 28th. The online travel company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.05. The business had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.25 billion. Expedia had a return on equity of 8.02% and a net margin of 2.33%. The business’s quarterly revenue was up 32.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 EPS. On average, equities research analysts predict that Expedia Inc. will post $4.92 earnings per share for the current fiscal year.
The business also recently declared 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 0.88%. This is a boost from Expedia’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, August 23rd. Expedia’s dividend payout ratio is presently 72.73%.
A number of equities research analysts have issued reports on EXPE shares. Atlantic Securities raised Expedia from a “neutral” rating to an “overweight” rating and set a $130.00 price target on the stock in a research report on Monday, June 20th. Jefferies Group reissued a “hold” rating and set a $125.00 target price on shares of Expedia in a research report on Monday, June 27th. Zacks Investment Research raised Expedia from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research report on Wednesday, June 29th. Barclays PLC reissued an “overweight” rating and set a $120.00 target price on shares of Expedia in a research report on Thursday, June 30th. Finally, Cantor Fitzgerald reissued a “buy” rating on shares of Expedia in a research report on Sunday, July 10th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $130.17.
In related news, Director Craig A. Jacobson sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $116.54, for a total value of $932,320.00. Following the sale, the director now directly owns 40,896 shares in the company, valued at approximately $4,766,019.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark D. Okerstrom sold 56,664 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $114.97, for a total value of $6,514,660.08. Following the completion of the sale, the executive vice president now owns 100,543 shares in the company, 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.
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