Daiwa Securities Group Inc. Has $6.36 Million Stake in Expedia, Inc. (NASDAQ:EXPE)
Daiwa Securities Group Inc. decreased its stake in Expedia, Inc. (NASDAQ:EXPE) by 27.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,681 shares of the online travel company’s stock after selling 16,283 shares during the period. Daiwa Securities Group Inc.’s holdings in Expedia were worth $6,357,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Edge Wealth Management LLC acquired a new position in shares of Expedia during the first quarter valued at approximately $126,000. State of Alaska Department of Revenue acquired a new position in shares of Expedia during the first quarter valued at approximately $146,000. Bessemer Group Inc. raised its position in shares of Expedia by 16.6% in the second quarter. Bessemer Group Inc. now owns 1,039 shares of the online travel company’s stock valued at $155,000 after buying an additional 148 shares during the period. CENTRAL TRUST Co raised 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 worth $158,000 after buying an additional 167 shares during the last quarter. Finally, Point72 Asia Hong Kong Ltd raised 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 worth $159,000 after buying an additional 1,243 shares during the last quarter. Institutional investors own 80.96% of the company’s stock.
Shares of Expedia, Inc. (EXPE) opened at 151.35 on Monday. The company’s 50 day moving average is $151.40 and its 200-day moving average is $135.62. Expedia, Inc. has a 12 month low of $105.62 and a 12 month high of $161.00. The firm has a market cap of $22.95 billion, a PE ratio of 71.22 and a beta of 0.92.
Expedia (NASDAQ:EXPE) last announced its earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by $0.05. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. Expedia had a net margin of 3.49% and a return on equity of 10.98%. The company’s revenue was up 17.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.83 EPS. Equities research analysts predict that Expedia, Inc. will post $5.11 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be given a dividend of $0.30 per share. This is a boost from Expedia’s previous quarterly dividend of $0.28. The ex-dividend date is Tuesday, August 22nd. This represents a $1.20 annualized dividend and a yield of 0.79%. Expedia’s dividend payout ratio is currently 53.08%.
A number of research firms recently issued reports on EXPE. Zacks Investment Research lowered shares of Expedia from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. UBS AG reiterated a “buy” rating and issued a $178.00 target price (up from $155.00) on shares of Expedia in a research note on Monday, July 31st. Stifel Nicolaus reiterated a “hold” rating and issued a $160.00 target price (up from $135.00) on shares of Expedia in a research note on Sunday, July 30th. Credit Suisse Group set a $175.00 target price on shares of Expedia and gave the company a “buy” rating in a research note on Saturday, July 29th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $140.00 target price on shares of Expedia in a research note on Sunday, July 30th. Seven investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. Expedia presently has an average rating of “Buy” and a consensus target price of $159.73.
In related news, CEO Dara Khosrowshahi sold 86,228 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $154.12, for a total transaction of $13,289,459.36. Following the completion of the sale, the chief executive officer now owns 518,576 shares of the company’s stock, valued at $79,922,933.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Craig A. Jacobson sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $139.95, for a total transaction of $419,850.00. Following the sale, the director now directly owns 30,496 shares of the company’s stock, valued at approximately $4,267,915.20. The disclosure for this sale can be found here. Insiders have sold 91,772 shares of company stock valued at $14,071,321 in the last ninety days. 20.88% of the stock is currently owned by company insiders.
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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