Expedia, Inc. (EXPE) Shares Bought by Private Advisor Group LLC
Private Advisor Group LLC lifted its stake in Expedia, Inc. (NASDAQ:EXPE) by 13.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,697 shares of the online travel company’s stock after acquiring an additional 571 shares during the period. Private Advisor Group LLC’s holdings in Expedia were worth $688,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in EXPE. Balyasny Asset Management LLC acquired a new stake in shares of Expedia in the second quarter worth $107,942,000. Jennison Associates LLC grew its stake in shares of Expedia by 17.6% in the second quarter. Jennison Associates LLC now owns 3,998,193 shares of the online travel company’s stock worth $595,531,000 after acquiring an additional 599,037 shares during the last quarter. Fred Alger Management Inc. acquired a new stake in shares of Expedia in the second quarter worth $86,569,000. Artisan Partners Limited Partnership grew its stake in shares of Expedia by 61.9% in the second quarter. Artisan Partners Limited Partnership now owns 1,437,446 shares of the online travel company’s stock worth $214,108,000 after acquiring an additional 549,366 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Expedia by 3.7% in the second quarter. Vanguard Group Inc. now owns 12,045,217 shares of the online travel company’s stock worth $1,794,135,000 after acquiring an additional 428,656 shares during the last quarter. Institutional investors and hedge funds own 84.20% of the company’s stock.
In other Expedia news, Director Dara Khosrowshahi sold 72,383 shares of Expedia stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $123.04, for a total transaction of $8,906,004.32. Following the completion of the transaction, the director now directly owns 494,731 shares of the company’s stock, valued at $60,871,702.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Victor Kaufman sold 119,575 shares of Expedia stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $123.67, for a total value of $14,787,840.25. Following the transaction, the insider now directly owns 169,575 shares of the company’s stock, valued at $20,971,340.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 352,548 shares of company stock valued at $43,689,017. Company insiders own 20.95% of the company’s stock.
Several equities research analysts have recently issued reports on the stock. MKM Partners restated a “neutral” rating and issued a $145.00 price objective (down previously from $170.00) on shares of Expedia in a research note on Thursday. Bank of America reaffirmed a “buy” rating and issued a $178.00 target price (down from $187.00) on shares of Expedia in a research report on Tuesday, September 26th. Argus cut Expedia from a “buy” rating to a “hold” rating and set a $178.00 target price for the company. in a research report on Tuesday, December 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $180.00 target price on shares of Expedia in a research report on Thursday, September 28th. Finally, BidaskClub cut Expedia from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 2nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $159.44.
Expedia, Inc. (NASDAQ:EXPE) opened at $117.54 on Monday. The stock has a market capitalization of $17,920.00, a price-to-earnings ratio of 29.61, a price-to-earnings-growth ratio of 1.83 and a beta of 0.89. Expedia, Inc. has a twelve month low of $111.88 and a twelve month high of $161.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.72 and a current ratio of 0.72.
Expedia (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, October 26th. The online travel company reported $2.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.61 by ($0.10). The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.98 billion. Expedia had a net margin of 4.09% and a return on equity of 10.71%. The firm’s revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.41 earnings per share. equities research analysts anticipate that Expedia, Inc. will post 3.91 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 7th. Shareholders of record on Thursday, November 16th were issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, November 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.02%. Expedia’s payout ratio is presently 47.43%.
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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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