Advisor Partners LLC Has $286,000 Stake in Expedia, Inc. (NASDAQ:EXPE)
Advisor Partners LLC boosted its stake in Expedia, Inc. (NASDAQ:EXPE) by 7.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,922 shares of the online travel company’s stock after buying an additional 130 shares during the period. Advisor Partners LLC’s holdings in Expedia were worth $286,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of EXPE. Butensky & Cohen Financial Security Inc. purchased a new stake in Expedia during the first quarter valued at about $350,000. Columbus Circle Investors raised its stake in Expedia by 23.5% in the first quarter. Columbus Circle Investors now owns 198,685 shares of the online travel company’s stock valued at $25,068,000 after buying an additional 37,778 shares during the period. Rice Hall James & Associates LLC raised its stake 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 during the period. DnB Asset Management AS raised its stake in Expedia by 20.4% in the first quarter. DnB Asset Management AS now owns 13,579 shares of the online travel company’s stock valued at $1,713,000 after buying an additional 2,300 shares during the period. Finally, Telemus Capital LLC raised its stake in Expedia by 2.1% in the first quarter. Telemus Capital LLC now owns 10,206 shares of the online travel company’s stock valued at $1,288,000 after buying an additional 206 shares during the period. 80.96% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Expedia, Inc. (NASDAQ EXPE) opened at 144.51 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 is $151.59 and its 200-day moving average is $136.95. The firm has a market capitalization of $21.91 billion, a P/E ratio of 68.00 and a beta of 0.92.
Expedia (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share 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 company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the prior year, the company earned $0.83 earnings per share. The company’s quarterly revenue was up 17.8% on a year-over-year basis. Equities analysts anticipate that Expedia, Inc. will post $5.11 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, August 22nd. This is a boost from Expedia’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a dividend yield of 0.83%. Expedia’s dividend payout ratio is currently 53.08%.
Several analysts have issued reports on the stock. TheStreet raised shares of Expedia from a “c+” rating to a “b” rating in a research report on Thursday, July 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $175.00 price target (up from $160.00) on shares of Expedia in a research report on Friday, July 28th. Credit Suisse Group set a $175.00 price target on shares of Expedia and gave the stock a “buy” rating in a research report on Saturday, July 29th. Stifel Nicolaus reaffirmed a “hold” rating and set a $160.00 price target (up from $135.00) on shares of Expedia in a research report on Sunday, July 30th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $140.00 price target on shares of Expedia in a research report on Sunday, July 30th. Eight equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $159.73.
In other news, CEO Dara Khosrowshahi sold 86,228 shares of the company’s stock in a transaction dated 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 $79,922,933.12. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Lance A. Soliday sold 2,544 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were 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. Over the last quarter, insiders have sold 136,870 shares of company stock worth $20,840,896. Company insiders own 20.95% of the company’s stock.
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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