First Citizens Bank & Trust Co. Sells 27,836 Shares of Expedia Inc. (EXPE)
First Citizens Bank & Trust Co. cut its stake in shares of Expedia Inc. (NASDAQ:EXPE) by 87.7% during the second quarter, Holdings Channel reports. The firm owned 3,886 shares of the online travel company’s stock after selling 27,836 shares during the period. First Citizens Bank & Trust Co.’s holdings in Expedia were worth $413,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in Expedia by 1.6% in the first quarter. Geode Capital Management LLC now owns 992,731 shares of the online travel company’s stock valued at $106,825,000 after buying an additional 15,880 shares during the period. Calixto Global Investors LP increased its stake in Expedia by 103.9% in the first quarter. Calixto Global Investors LP now owns 279,307 shares of the online travel company’s stock valued at $30,114,000 after buying an additional 142,343 shares during the period. Samlyn Capital LLC increased its stake in Expedia by 70.1% in the first quarter. Samlyn Capital LLC now owns 739,912 shares of the online travel company’s stock valued at $79,777,000 after buying an additional 304,877 shares during the period. National Pension Service increased its stake in Expedia by 4.4% in the first quarter. National Pension Service now owns 67,254 shares of the online travel company’s stock valued at $7,251,000 after buying an additional 2,858 shares during the period. Finally, Independent Portfolio Consultants Inc. increased its stake 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 period. 81.99% of the stock is owned by hedge funds and other institutional investors.
Shares of Expedia Inc. (NASDAQ:EXPE) traded up 0.81% during trading on Monday, hitting $121.78. 2,256,815 shares of the stock were exchanged. The stock has a market cap of $18.23 billion, a PE ratio of 90.34 and a beta of 0.68. Expedia Inc. has a 52-week low of $88.40 and a 52-week high of $140.51. The firm has a 50 day moving average of $113.60 and a 200-day moving average of $111.44.
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 the 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 company had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter in the previous year, the business posted $0.89 earnings per share. Expedia’s quarterly revenue was up 32.1% on a year-over-year basis. Equities research analysts anticipate that Expedia Inc. will post $4.92 earnings per share for the current fiscal year.
EXPE has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Expedia from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th. Cantor Fitzgerald reissued a “buy” rating on shares of Expedia in a research report on Friday, September 9th. Royal Bank Of Canada boosted their target price on shares of Expedia from $160.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, October 7th. Atlantic Securities raised shares of Expedia from a “neutral” rating to an “overweight” rating and set a $130.00 target price for the company in a research report on Monday, June 20th. Finally, Jefferies Group reissued a “hold” rating on shares of Expedia in a research report on Monday, July 11th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seventeen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $130.17.
In other Expedia news, EVP Mark D. Okerstrom sold 56,664 shares of the business’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $114.97, for a total transaction of $6,514,660.08. Following the transaction, the executive vice president now owns 100,543 shares in the company, valued at $11,559,428.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Craig A. Jacobson sold 8,000 shares of the business’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $116.54, for a total transaction of $932,320.00. Following the transaction, the director now owns 40,896 shares in the company, valued at approximately $4,766,019.84. The disclosure for this sale can be found here. 20.95% of the stock is currently owned by corporate insiders.
Expedia Company Profile
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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