Douglas Lane & Associates LLC Has $37.62 Million Stake in Expedia, Inc. (EXPE)
Douglas Lane & Associates LLC raised its stake in Expedia, Inc. (NASDAQ:EXPE) by 7.6% during the second quarter, Holdings Channel reports. The institutional investor owned 252,563 shares of the online travel company’s stock after buying an additional 17,793 shares during the period. Douglas Lane & Associates LLC’s holdings in Expedia were worth $37,619,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Edge Wealth Management LLC acquired a new position in Expedia during the first quarter valued at about $126,000. CENTRAL TRUST Co boosted its position in Expedia by 18.7% in the second quarter. CENTRAL TRUST Co now owns 1,059 shares of the online travel company’s stock valued at $158,000 after buying an additional 167 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Expedia during the first quarter valued at about $146,000. Point72 Asia Hong Kong Ltd boosted its position in Expedia by 6,905.6% in the first quarter. Point72 Asia Hong Kong Ltd now owns 1,261 shares of the online travel company’s stock valued at $159,000 after buying an additional 1,243 shares in the last quarter. Finally, Rice Hall James & Associates LLC boosted its position in Expedia by 3.0% in the first quarter. Rice Hall James & Associates LLC now owns 1,430 shares of the online travel company’s stock valued at $180,000 after buying an additional 41 shares in the last quarter. 80.87% of the stock is owned by institutional investors and hedge funds.
Expedia, Inc. (NASDAQ:EXPE) traded up 0.05% during trading on Thursday, reaching $155.54. The company had a trading volume of 297,079 shares. The company has a 50-day moving average of $149.04 and a 200-day moving average of $133.06. The firm has a market capitalization of $23.48 billion, a P/E ratio of 78.95 and a beta of 0.93. Expedia, Inc. has a 52-week low of $105.62 and a 52-week high of $156.39.
Expedia (NASDAQ:EXPE) last announced its earnings results on Thursday, April 27th. The online travel company reported ($0.15) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.15. Expedia had a return on equity of 11.01% and a net margin of 3.36%. The firm had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter in the previous year, the company earned $0.09 earnings per share. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. Analysts expect that Expedia, Inc. will post $5.30 EPS for the current fiscal year.
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Several research analysts have recently issued reports on the company. Zacks Investment Research cut Expedia from a “buy” rating to a “hold” rating in a research report on Tuesday. Oppenheimer Holdings, Inc. upped their target price on Expedia and gave the company an “outperform” rating in a research report on Wednesday. Credit Suisse Group set a $151.00 target price on Expedia and gave the company a “buy” rating in a research report on Sunday, April 30th. Argus initiated coverage on Expedia in a research report on Wednesday, July 5th. They issued a “buy” rating and a $178.00 target price for the company. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $170.00 target price (up from $135.00) on shares of Expedia in a research report on Tuesday. Eight analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $151.17.
In other Expedia news, Director Craig A. Jacobson sold 3,000 shares of the company’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $139.95, for a total value of $419,850.00. Following the transaction, the director now owns 30,496 shares of the company’s stock, valued at $4,267,915.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Susan C. Athey sold 670 shares of the company’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $138.59, for a total value of $92,855.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,043 shares of company stock worth $5,330,777. 20.95% of the stock is owned by corporate insiders.
Expedia Company Profile
Expedia, Inc is an online travel company. The Company operates through four segments: Core Online Travel Agencies (Core OTA), trivago, Egencia and HomeAway. The Company’s Core OTA segment provides a range of travel and advertising services to its customers across the world, 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, Wotif Group, CarRentals.com and Classic Vacations.
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