Expedia, Inc. (NASDAQ:EXPE) Shares Bought by First Trust Advisors LP
First Trust Advisors LP raised its position in Expedia, Inc. (NASDAQ:EXPE) by 8.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,055,108 shares of the online travel company’s stock after buying an additional 79,139 shares during the period. Expedia makes up approximately 0.4% of First Trust Advisors LP’s investment portfolio, making the stock its 26th largest position. First Trust Advisors LP’s holdings in Expedia were worth $157,158,000 as of its most recent filing with the SEC.
Several other institutional investors have also added to or reduced their stakes in EXPE. Macquarie Group Ltd. boosted its position in Expedia by 345.3% in the fourth quarter. Macquarie Group Ltd. now owns 11,800 shares of the online travel company’s stock worth $1,337,000 after buying an additional 9,150 shares in the last quarter. Creative Planning boosted its position in Expedia by 19.1% in the first quarter. Creative Planning now owns 10,412 shares of the online travel company’s stock worth $1,314,000 after buying an additional 1,667 shares in the last quarter. Gulf International Bank UK Ltd boosted its position in Expedia by 1.1% in the first quarter. Gulf International Bank UK Ltd now owns 37,164 shares of the online travel company’s stock worth $4,688,000 after buying an additional 400 shares in the last quarter. National Pension Service boosted its position in Expedia by 4.5% in the first quarter. National Pension Service now owns 112,070 shares of the online travel company’s stock worth $14,509,000 after buying an additional 4,825 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in Expedia by 122.9% in the first quarter. Bank of Montreal Can now owns 198,215 shares of the online travel company’s stock worth $25,010,000 after buying an additional 109,282 shares in the last quarter. Institutional investors and hedge funds own 80.96% of the company’s stock.
Expedia, Inc. (NASDAQ:EXPE) opened at 143.55 on Friday. Expedia, Inc. has a 52-week low of $105.62 and a 52-week high of $161.00. The firm’s 50-day moving average price is $151.80 and its 200 day moving average price is $136.77. The firm has a market cap of $21.77 billion, a price-to-earnings ratio of 67.55 and a beta of 0.92.
Expedia (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, July 27th. The online travel company reported $0.89 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by $0.05. Expedia had a net margin of 3.49% and a return on equity of 10.98%. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the company earned $0.83 EPS. The company’s quarterly revenue was up 17.8% compared to the same quarter last year. On average, equities research analysts forecast 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. Shareholders of record on Thursday, August 24th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $1.20 annualized dividend and a yield of 0.84%. This is a boost from Expedia’s previous quarterly dividend of $0.28. Expedia’s dividend payout ratio is presently 53.08%.
EXPE has been the subject of a number of research analyst reports. Vetr cut Expedia from a “buy” rating to a “hold” rating and set a $138.67 price target for the company. in a report on Monday, April 24th. Royal Bank Of Canada reiterated a “buy” rating and set a $160.00 price target on shares of Expedia in a report on Tuesday, April 25th. Zacks Investment Research upgraded Expedia from a “sell” rating to a “hold” rating in a report on Wednesday, April 26th. Stifel Nicolaus cut Expedia from a “buy” rating to a “hold” rating and increased their price target for the stock from $133.00 to $135.00 in a report on Friday, April 28th. They noted that the move was a valuation call. Finally, Needham & Company LLC increased their price target on Expedia from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Eight analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Expedia presently has an average rating of “Buy” and an average target price of $159.73.
In other news, CEO Dara Khosrowshahi sold 86,228 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $154.12, for a total transaction of $13,289,459.36. Following the sale, the chief executive officer now directly owns 518,576 shares in the company, valued at approximately $79,922,933.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lance A. Soliday sold 2,544 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $142.30, for a total value of $362,011.20. Following the sale, the insider now owns 4,815 shares in the company, valued at $685,174.50. The disclosure for this sale can be found here. Insiders have sold 136,870 shares of company stock worth $20,840,896 in the last 90 days. 20.95% of the stock is currently owned by 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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