D.A. Davidson & CO. Increases Stake in Expedia, Inc. (EXPE)
D.A. Davidson & CO. increased its holdings in Expedia, Inc. (NASDAQ:EXPE) by 2.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 82,762 shares of the online travel company’s stock after purchasing an additional 1,718 shares during the period. D.A. Davidson & CO. owned approximately 0.05% of Expedia worth $11,912,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Expedia by 3.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,974 shares of the online travel company’s stock valued at $3,163,000 after purchasing an additional 769 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Expedia in the 3rd quarter valued at $101,000. Pacer Advisors Inc. boosted its stake in shares of Expedia by 38.6% in the 3rd quarter. Pacer Advisors Inc. now owns 6,245 shares of the online travel company’s stock valued at $899,000 after purchasing an additional 1,738 shares in the last quarter. Rational Advisors LLC purchased a new stake in shares of Expedia in the 3rd quarter valued at $1,451,000. Finally, Stephens Inc. AR boosted its stake in shares of Expedia by 19.3% in the 3rd quarter. Stephens Inc. AR now owns 3,630 shares of the online travel company’s stock valued at $523,000 after purchasing an additional 587 shares in the last quarter. 81.81% of the stock is owned by institutional investors.
Shares of Expedia, Inc. (NASDAQ:EXPE) traded up $2.31 during midday trading on Wednesday, hitting $127.19. 1,029,068 shares of the stock were exchanged, compared to its average volume of 2,067,770. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market cap of $19,040.00, a P/E ratio of 31.11, a PEG ratio of 1.93 and a beta of 0.90. Expedia, Inc. has a 12-month low of $111.88 and a 12-month high of $161.00.
Expedia (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, October 26th. The online travel company reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.61 by ($0.10). The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Expedia had a net margin of 4.09% and a return on equity of 10.71%. The business’s revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.41 EPS. equities research analysts forecast that Expedia, Inc. will post 3.91 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Thursday, November 16th 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 0.94%. The ex-dividend date is Wednesday, November 15th. Expedia’s payout ratio is presently 47.43%.
In other news, Director Dara Khosrowshahi sold 72,383 shares of the firm’s 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 sale, the director now owns 494,731 shares of the company’s stock, valued at approximately $60,871,702.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Victor Kaufman sold 119,575 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $123.67, for a total transaction of $14,787,840.25. Following the sale, the insider now directly owns 169,575 shares in the company, valued at approximately $20,971,340.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 215,048 shares of company stock worth $26,819,142. Insiders own 20.88% of the company’s stock.
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A number of equities research analysts recently commented on the stock. UBS AG reiterated a “buy” rating and set a $178.00 price target (up from $155.00) on shares of Expedia in a report on Monday, July 31st. Stifel Nicolaus reiterated a “hold” rating and set a $160.00 price target (up from $135.00) on shares of Expedia in a report on Sunday, July 30th. Credit Suisse Group set a $175.00 price target on shares of Expedia and gave the company a “buy” rating in a report on Saturday, July 29th. Jefferies Group LLC reiterated a “hold” rating and set a $140.00 price target on shares of Expedia in a report on Sunday, July 30th. Finally, TheStreet upgraded shares of Expedia from a “c+” rating to a “b” rating in a report on Thursday, July 27th. Nine research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Expedia has a consensus rating of “Buy” and an average target price of $159.61.
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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