Lourd Capital LLC Decreases Position in Expedia Inc. (EXPE)
Lourd Capital LLC decreased its stake in shares of Expedia Inc. (NASDAQ:EXPE) by 31.1% during the second quarter, Holdings Channel reports. The institutional investor owned 4,865 shares of the online travel company’s stock after selling 2,191 shares during the period. Lourd Capital LLC’s holdings in Expedia were worth $517,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. National Pension Service raised its stake in shares of 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 in the last quarter. HBK Investments L P acquired a new stake in shares of Expedia during the first quarter valued at about $3,987,000. Wellington Management Group LLP raised its stake in shares of 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 valued at $399,687,000 after buying an additional 2,518,390 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of 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 in the last quarter. Finally, Cleararc Capital Inc. raised its stake in shares of Expedia by 0.7% in the first quarter. Cleararc Capital Inc. now owns 2,904 shares of the online travel company’s stock valued at $313,000 after buying an additional 19 shares in the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.
Expedia Inc. (NASDAQ:EXPE) traded up 1.57% during trading on Wednesday, hitting $124.76. The stock had a trading volume of 1,634,621 shares. The stock has a market cap of $18.68 billion, a price-to-earnings ratio of 92.55 and a beta of 0.68. The stock has a 50 day moving average price of $114.20 and a 200-day moving average price of $111.62. Expedia Inc. has a 12 month low of $88.40 and a 12 month high of $140.51.
Expedia (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, July 28th. The online travel company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.05. Expedia had a return on equity of 8.02% and a net margin of 2.33%. The company earned $2.92 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same period in the prior year, the company earned $0.89 earnings per share. The firm’s revenue was up 32.1% on a year-over-year basis. On average, equities analysts predict that Expedia Inc. will post $4.92 EPS for the current year.
Several brokerages have recently issued reports on EXPE. Deutsche Bank AG decreased their target price on Expedia from $142.00 to $138.00 and set a “buy” rating for the company in a research report on Friday, July 29th. Barclays PLC raised their target price on Expedia from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, July 29th. Royal Bank Of Canada raised their target price on Expedia from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, October 7th. RBC Capital Markets reaffirmed a “buy” rating and set a $165.00 target price (up from $160.00) on shares of Expedia in a research report on Friday, October 7th. Finally, Evercore ISI reaffirmed a “hold” rating and set a $125.00 target price on shares of Expedia in a research report on Tuesday, July 26th. 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. The stock 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 stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $116.54, for a total transaction of $932,320.00. Following the completion of the transaction, the director now directly owns 40,896 shares of the company’s stock, valued at $4,766,019.84. 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 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 transaction, the executive vice president now directly owns 100,543 shares of the company’s stock, valued at $11,559,428.71. The disclosure for this sale can be found here. Corporate insiders own 20.95% of the company’s stock.
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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