Expedia, Inc. (EXPE) Stake Boosted by Commerzbank Aktiengesellschaft FI
Commerzbank Aktiengesellschaft FI lifted its stake in shares of Expedia, Inc. (NASDAQ:EXPE) by 20.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 82,385 shares of the online travel company’s stock after purchasing an additional 14,122 shares during the quarter. Commerzbank Aktiengesellschaft FI owned about 0.05% of Expedia worth $11,858,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. San Francisco Sentry Investment Group CA acquired a new position in shares of Expedia during the 2nd quarter worth $102,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Expedia during the 3rd quarter worth $101,000. Fiduciary Trust Co. acquired a new position in shares of Expedia during the 2nd quarter worth $127,000. Sun Life Financial INC grew its stake in Expedia by 10,987.5% in the 2nd quarter. Sun Life Financial INC now owns 887 shares of the online travel company’s stock valued at $132,000 after acquiring an additional 879 shares during the last quarter. Finally, Pathstone Family Office LLC grew its stake in Expedia by 15,833.3% in the 2nd quarter. Pathstone Family Office LLC now owns 956 shares of the online travel company’s stock valued at $143,000 after acquiring an additional 950 shares during the last quarter. 84.14% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently commented on the stock. Zacks Investment Research cut shares of Expedia from a “hold” rating to a “sell” rating in a research note on Monday, September 11th. BidaskClub cut shares of Expedia from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Cowen set a $135.00 price objective on shares of Expedia and gave the company a “buy” rating in a research note on Sunday, October 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a $175.00 price objective on shares of Expedia in a research note on Thursday, September 7th. Finally, UBS reissued a “buy” rating and issued a $170.00 price objective (down from $178.00) on shares of Expedia in a research note on Friday, September 22nd. Nine analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. Expedia has a consensus rating of “Buy” and an average price target of $159.61.
In other news, Director Dara Khosrowshahi sold 10,590 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $117.58, for a total transaction of $1,245,172.20. Following the transaction, the director now directly owns 422,348 shares in the company, valued at approximately $49,659,677.84. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Vice Chairman Victor Kaufman sold 119,575 shares of the stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $123.67, for a total transaction of $14,787,840.25. Following the transaction, the insider now owns 169,575 shares in the company, valued at $20,971,340.25. The disclosure for this sale can be found here. Insiders have sold a total of 352,548 shares of company stock worth $43,689,017 over the last ninety days. 20.95% of the stock is owned by corporate insiders.
Shares of Expedia, Inc. (NASDAQ:EXPE) opened at $122.70 on Friday. Expedia, Inc. has a 12 month low of $111.88 and a 12 month high of $161.00. The stock has a market cap of $18,650.87, a PE ratio of 30.86, a price-to-earnings-growth ratio of 1.91 and a beta of 0.89. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.60.
Expedia (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, October 26th. The online travel company reported $2.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.61 by ($0.10). Expedia had a return on equity of 10.71% and a net margin of 4.09%. The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period in the prior year, the business earned $2.41 earnings per share. Expedia’s revenue for the quarter was up 14.9% on a year-over-year basis. sell-side analysts predict that Expedia, Inc. will post 3.91 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Thursday, November 16th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 15th. This represents a $1.20 annualized dividend and a dividend yield of 0.98%. Expedia’s dividend payout ratio is currently 47.43%.
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Expedia Company Profile
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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