Montag & Caldwell LLC Has $412,000 Stake in Expedia, Inc. (EXPE)
Montag & Caldwell LLC cut its position in shares of Expedia, Inc. (NASDAQ:EXPE) by 66.9% during the second quarter, Holdings Channel reports. The institutional investor owned 2,767 shares of the online travel company’s stock after selling 5,603 shares during the period. Montag & Caldwell LLC’s holdings in Expedia were worth $412,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of EXPE. Bessemer Group Inc. increased its stake 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 worth $155,000 after buying an additional 148 shares in the last quarter. CENTRAL TRUST Co increased its stake in shares of 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 in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Expedia during the first quarter worth $146,000. Point72 Asia Hong Kong Ltd increased its stake in shares of 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 in the last quarter. Finally, Quantitative Systematic Strategies LLC acquired a new stake in shares of Expedia during the second quarter worth $210,000. 80.96% of the stock is currently owned by hedge funds and other institutional investors.
Expedia, Inc. (NASDAQ EXPE) opened at 144.51 on Friday. The company has a market capitalization of $21.91 billion, a price-to-earnings ratio of 68.00 and a beta of 0.92. Expedia, Inc. has a 52-week low of $105.62 and a 52-week high of $161.00. The stock has a 50 day moving average price of $151.59 and a 200 day moving average price of $136.95.
Expedia (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, July 27th. The online travel company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.94 by $0.05. The firm had revenue of $2.59 billion for 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 business’s revenue was up 17.8% on a year-over-year basis. During the same period last year, the company posted $0.83 earnings per share. Equities research analysts forecast that Expedia, Inc. will post $5.11 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.83%. This is an increase from Expedia’s previous quarterly dividend of $0.28. The ex-dividend date is Tuesday, August 22nd. Expedia’s dividend payout ratio is 53.08%.
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A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Expedia from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Credit Suisse Group set a $151.00 target price on Expedia and gave the company a “buy” rating in a report on Sunday, April 30th. BidaskClub downgraded Expedia from a “buy” rating to a “hold” rating in a report on Wednesday. Jefferies Group LLC reaffirmed a “hold” rating and issued a $140.00 target price on shares of Expedia in a report on Sunday, July 30th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $173.00 target price on shares of Expedia in a report on Friday, July 28th. Eight equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average 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 shares were sold at an average price of $154.12, for a total transaction of $13,289,459.36. Following the completion of the transaction, the chief executive officer now directly owns 518,576 shares of the company’s stock, valued at $79,922,933.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 transaction of $362,011.20. Following the transaction, the insider now directly owns 4,815 shares of the company’s stock, valued at $685,174.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 136,870 shares of company stock valued at $20,840,896. 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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