Expedia, Inc. (EXPE) Position Lifted by Worth Venture Partners LLC
Worth Venture Partners LLC boosted its holdings in Expedia, Inc. (NASDAQ:EXPE) by 9.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,300 shares of the online travel company’s stock after acquiring an additional 600 shares during the period. Expedia accounts for about 0.9% of Worth Venture Partners LLC’s portfolio, making the stock its 19th largest holding. Worth Venture Partners LLC’s holdings in Expedia were worth $1,051,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in EXPE. State of Alaska Department of Revenue lifted its holdings in Expedia by 100.1% in the second quarter. State of Alaska Department of Revenue now owns 2,319 shares of the online travel company’s stock valued at $345,000 after acquiring an additional 1,160 shares during the last quarter. Mn Services Vermogensbeheer B.V. lifted its holdings in Expedia by 509.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 20,091 shares of the online travel company’s stock valued at $2,993,000 after acquiring an additional 16,797 shares during the last quarter. Eqis Capital Management Inc. acquired a new position in Expedia in the second quarter valued at approximately $455,000. CENTRAL TRUST Co lifted its holdings in Expedia by 18.7% in the second quarter. CENTRAL TRUST Co now owns 1,059 shares of the online travel company’s stock valued at $158,000 after acquiring an additional 167 shares during the last quarter. Finally, TNB Financial lifted its holdings in Expedia by 7.5% in the second quarter. TNB Financial now owns 35,603 shares of the online travel company’s stock valued at $5,303,000 after acquiring an additional 2,488 shares during the last quarter. Hedge funds and other institutional investors own 82.88% of the company’s stock.
A number of research analysts recently commented on EXPE shares. Stifel Nicolaus reiterated a “hold” rating and issued a $160.00 price objective on shares of Expedia in a report on Thursday, September 7th. Cowen and Company restated a “buy” rating on shares of Expedia in a research note on Friday, July 28th. TheStreet upgraded Expedia from a “c+” rating to a “b” rating in a research note on Thursday, July 27th. Morgan Stanley restated an “equal weight” rating and set a $170.00 price target (up from $135.00) on shares of Expedia in a research note on Tuesday, July 18th. Finally, KeyCorp restated a “buy” rating and set a $178.00 price target on shares of Expedia in a research note on Tuesday, October 17th. Nine research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Expedia presently has a consensus rating of “Buy” and an average price target of $159.61.
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Expedia, Inc. (EXPE) traded down $0.46 during midday trading on Tuesday, reaching $120.28. 3,445,200 shares of the company’s stock traded hands, compared to its average volume of 2,054,786. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.60. Expedia, Inc. has a one year low of $111.88 and a one year high of $161.00. The firm has a market capitalization of $18,382.91, a P/E ratio of 30.41, a PEG ratio of 1.88 and a beta of 0.90.
Expedia (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, October 26th. The online travel company reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.61 by ($0.10). Expedia had a net margin of 4.09% and a return on equity of 10.71%. The company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the prior year, the company earned $2.41 EPS. The business’s revenue was up 14.9% on a year-over-year basis. sell-side analysts anticipate that Expedia, Inc. will post 3.91 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Thursday, November 16th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.00%. Expedia’s dividend payout ratio (DPR) is 47.43%.
In other news, Director Dara Khosrowshahi sold 72,383 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $123.04, for a total transaction of $8,906,004.32. Following the completion of the sale, the director now owns 494,731 shares in the company, valued at $60,871,702.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark D. Okerstrom sold 12,500 shares of the stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $150.41, for a total transaction of $1,880,125.00. Following the sale, the executive vice president now owns 71,248 shares of the company’s stock, valued at approximately $10,716,411.68. The disclosure for this sale can be found here. Insiders have sold 204,458 shares of company stock valued at $25,573,970 in the last quarter. Insiders own 20.88% 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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