Ajo LP Purchases New Holdings in Expedia, Inc. (EXPE)
Ajo LP purchased a new stake in Expedia, Inc. (NASDAQ:EXPE) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 26,260 shares of the online travel company’s stock, valued at approximately $3,911,000.
Other large investors have also bought and sold shares of the company. Cornerstone Capital Management Holdings LLC. raised its holdings in shares of Expedia by 7.7% in the 1st quarter. Cornerstone Capital Management Holdings LLC. now owns 309,948 shares of the online travel company’s stock valued at $39,105,000 after purchasing an additional 22,056 shares in the last quarter. OZ Management LP bought a new stake in shares of Expedia in the 2nd quarter valued at about $1,892,000. Hartwell J M Limited Partnership raised its holdings in shares of Expedia by 229.1% in the 2nd quarter. Hartwell J M Limited Partnership now owns 28,975 shares of the online travel company’s stock valued at $4,316,000 after purchasing an additional 20,170 shares in the last quarter. Swiss National Bank raised its holdings in shares of Expedia by 2.9% in the 2nd quarter. Swiss National Bank now owns 450,370 shares of the online travel company’s stock valued at $67,083,000 after purchasing an additional 12,700 shares in the last quarter. Finally, Marshall Wace North America L.P. bought a new stake in shares of Expedia in the 1st quarter valued at about $499,000. Institutional investors and hedge funds own 84.42% of the company’s stock.
Expedia, Inc. (NASDAQ:EXPE) opened at 142.13 on Friday. The firm has a market capitalization of $21.55 billion, a PE ratio of 66.88 and a beta of 0.97. Expedia, Inc. has a 1-year low of $105.62 and a 1-year high of $161.00. The company has a 50 day moving average of $147.25 and a 200 day moving average of $141.20.
Expedia (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, July 27th. The online travel company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter last year, the business earned $0.83 earnings per share. The business’s quarterly revenue was up 17.8% on a year-over-year basis. Analysts forecast that Expedia, Inc. will post $5.06 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, August 24th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.84%. This is a positive change from Expedia’s previous quarterly dividend of $0.28. The ex-dividend date was Tuesday, August 22nd. Expedia’s dividend payout ratio (DPR) is 56.87%.
Several equities research analysts have recently commented on the stock. Royal Bank Of Canada restated an “outperform” rating and issued a $175.00 price target on shares of Expedia in a report on Thursday, September 7th. Guggenheim restated a “buy” rating and issued a $175.00 price target (down previously from $190.00) on shares of Expedia in a report on Thursday, September 7th. Zacks Investment Research lowered shares of Expedia from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Piper Jaffray Companies restated a “buy” rating and issued a $173.00 price target on shares of Expedia in a report on Thursday, August 31st. Finally, Cowen and Company restated an “outperform” rating and issued a $160.00 price target on shares of Expedia in a report on Friday, June 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. Expedia presently has a consensus rating of “Buy” and an average price target of $163.02.
In related news, Vice Chairman Victor Kaufman sold 35,598 shares of Expedia stock in a transaction on Monday, August 7th. The shares were sold at an average price of $149.29, for a total value of $5,314,425.42. Following the transaction, the insider now directly owns 167,673 shares in the company, valued at approximately $25,031,902.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mark D. Okerstrom sold 12,500 shares of Expedia stock in a transaction on Monday, August 7th. The shares were sold at an average price of $150.00, for a total transaction of $1,875,000.00. Following the completion of the transaction, the executive vice president now owns 71,248 shares in the company, valued at $10,687,200. The disclosure for this sale can be found here. Over the last quarter, insiders sold 146,826 shares of company stock worth $22,359,010. 20.95% of the stock is currently owned by 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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