Expedia, Inc. (NASDAQ:EXPE) Shares Bought by Retirement Systems of Alabama
Retirement Systems of Alabama increased its position in Expedia, Inc. (NASDAQ:EXPE) by 1.1% during the second quarter, Holdings Channel reports. The fund owned 58,945 shares of the online travel company’s stock after buying an additional 666 shares during the period. Retirement Systems of Alabama’s holdings in Expedia were worth $8,780,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Macquarie Group Ltd. boosted its stake 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 during the last quarter. Creative Planning boosted its stake 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 during the last quarter. Gulf International Bank UK Ltd boosted its stake 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 during the last quarter. National Pension Service boosted its stake 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 during the last quarter. Finally, Bank of Montreal Can boosted its stake 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 during the last quarter. 80.96% of the stock is currently owned by institutional investors.
Shares of Expedia, Inc. (NASDAQ EXPE) opened at 144.51 on Friday. Expedia, Inc. has a 12 month low of $105.62 and a 12 month high of $161.00. The firm’s 50 day moving average is $151.59 and its 200 day moving average is $136.95. The stock has a market capitalization of $21.91 billion, a price-to-earnings ratio of 68.00 and a beta of 0.92.
Expedia (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, July 27th. The online travel company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by $0.05. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. Expedia had a net margin of 3.49% and a return on equity of 10.98%. Expedia’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period last year, the business posted $0.83 earnings per share. On average, equities analysts predict that Expedia, Inc. will post $5.11 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.83%. This is a positive change from Expedia’s previous quarterly dividend of $0.28. The ex-dividend date is Tuesday, August 22nd. Expedia’s dividend payout ratio (DPR) is 53.08%.
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EXPE has been the topic of a number of research analyst reports. Vetr cut shares of Expedia from a “buy” rating to a “hold” rating and set a $138.67 price objective on the stock. in a report on Monday, April 24th. Royal Bank Of Canada reissued a “buy” rating and set a $160.00 price objective on shares of Expedia in a report on Tuesday, April 25th. Zacks Investment Research raised shares of Expedia from a “sell” rating to a “hold” rating in a report on Wednesday, April 26th. Stifel Nicolaus cut shares of Expedia from a “buy” rating to a “hold” rating and raised their price objective 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 raised their price objective on shares of Expedia from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, April 28th. 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. The stock presently has an average rating of “Buy” and a consensus price target of $159.73.
In other news, insider Lance A. Soliday sold 2,544 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark D. Okerstrom sold 12,500 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $150.00, for a total value of $1,875,000.00. Following the transaction, the executive vice president now directly owns 71,248 shares in the company, valued at $10,687,200. The disclosure for this sale can be found here. Insiders have sold 136,870 shares of company stock worth $20,840,896 over the last three months. Corporate 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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