Aperio Group LLC Has $4,694,000 Position in Expedia Inc. (EXPE)
Aperio Group LLC boosted its stake in Expedia Inc. (NASDAQ:EXPE) by 3.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,218 shares of the online travel company’s stock after buying an additional 1,292 shares during the period. Aperio Group LLC’s holdings in Expedia were worth $4,694,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXPE. JPMorgan Chase & Co. raised its position 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 valued at $434,995,000 after buying an additional 479,617 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Expedia by 3.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,101,264 shares of the online travel company’s stock valued at $329,664,000 after buying an additional 93,900 shares in the last quarter. Ameriprise Financial Inc. raised its position 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 valued at $230,298,000 after buying an additional 1,410,890 shares in the last quarter. Coatue Management LLC raised its position in Expedia by 32.6% in the second quarter. Coatue Management LLC now owns 2,034,943 shares of the online travel company’s stock valued at $216,315,000 after buying an additional 500,674 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Expedia by 6.6% in the second quarter. Bank of New York Mellon Corp now owns 1,220,568 shares of the online travel company’s stock valued at $129,747,000 after buying an additional 75,332 shares in the last quarter. Institutional investors and hedge funds own 84.16% of the company’s stock.
Shares of Expedia Inc. (NASDAQ:EXPE) traded down 0.84% on Wednesday, reaching $124.05. The company’s stock had a trading volume of 1,616,230 shares. The stock has a 50-day moving average of $124.60 and a 200 day moving average of $115.02. The stock has a market capitalization of $18.61 billion, a PE ratio of 98.61 and a beta of 0.77. Expedia Inc. has a 1-year low of $88.40 and a 1-year high of $133.55.
Expedia (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, October 27th. The online travel company reported $2.41 EPS for the quarter, beating the consensus estimate of $2.24 by $0.17. Expedia had a net margin of 2.11% and a return on equity of 10.39%. The company had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter last year, the business earned $2.07 earnings per share. Expedia’s revenue was up 33.2% compared to the same quarter last year. On average, equities analysts forecast that Expedia Inc. will post $4.76 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $1.04 annualized dividend and a dividend yield of 0.84%. Expedia’s payout ratio is currently 92.86%.
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Several research analysts have recently commented on EXPE shares. Zacks Investment Research lowered Expedia from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. RBC Capital Markets reiterated an “outperform” rating and issued a $165.00 target price on shares of Expedia in a report on Wednesday, November 2nd. Vetr upgraded Expedia from a “buy” rating to a “strong-buy” rating and set a $134.00 target price for the company in a report on Tuesday, November 15th. Jefferies Group reiterated a “hold” rating and issued a $125.00 target price on shares of Expedia in a report on Tuesday, August 9th. Finally, Morgan Stanley reiterated a “hold” rating and issued a $118.00 target price on shares of Expedia in a report on Wednesday, August 3rd. Nine investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $134.10.
In related news, insider Lance A. Soliday sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $111.00, for a total transaction of $166,500.00. Following the transaction, the insider now owns 2,915 shares in the company, valued at $323,565. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Dara Khosrowshahi sold 101,300 shares of the firm’s stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $125.03, for a total transaction of $12,665,539.00. Following the transaction, the chief executive officer now owns 394,046 shares in the company, valued at approximately $49,267,571.38. The disclosure for this sale can be found here. 20.95% of the stock is currently owned by company 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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