Hellman Jordan Management Co. Inc. MA Has $799,000 Stake in Expedia, Inc. (EXPE)
Hellman Jordan Management Co. Inc. MA trimmed its position in Expedia, Inc. (NASDAQ:EXPE) by 7.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,550 shares of the online travel company’s stock after selling 423 shares during the quarter. Expedia makes up 1.7% of Hellman Jordan Management Co. Inc. MA’s investment portfolio, making the stock its 23rd largest position. Hellman Jordan Management Co. Inc. MA’s holdings in Expedia were worth $799,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Expedia by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 12,045,217 shares of the online travel company’s stock valued at $1,794,135,000 after purchasing an additional 428,656 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Expedia by 2.0% in the 2nd quarter. BlackRock Inc. now owns 7,990,536 shares of the online travel company’s stock valued at $1,190,191,000 after purchasing an additional 157,847 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Expedia by 17.6% in the 2nd quarter. Jennison Associates LLC now owns 3,998,193 shares of the online travel company’s stock valued at $595,531,000 after purchasing an additional 599,037 shares in the last quarter. FMR LLC raised its holdings in shares of Expedia by 4.8% in the 2nd quarter. FMR LLC now owns 2,481,274 shares of the online travel company’s stock valued at $369,586,000 after purchasing an additional 112,581 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Expedia by 5.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,115,880 shares of the online travel company’s stock worth $304,558,000 after acquiring an additional 116,781 shares in the last quarter. Institutional investors and hedge funds own 84.20% of the company’s stock.
Several equities research analysts recently commented on EXPE shares. Credit Suisse Group set a $147.00 price target on shares of Expedia and gave the stock a “hold” rating in a research note on Friday, October 27th. UBS reiterated a “buy” rating and set a $154.00 price target (down from $170.00) on shares of Expedia in a research note on Friday, October 27th. Deutsche Bank reiterated a “buy” rating and set a $171.00 price target (down from $175.00) on shares of Expedia in a research note on Tuesday, October 24th. SunTrust Banks reiterated a “buy” rating and set a $190.00 price target on shares of Expedia in a research note on Monday, August 28th. Finally, Cowen set a $158.00 price target on shares of Expedia and gave the stock a “buy” rating in a research note on Thursday, October 12th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Expedia presently has a consensus rating of “Buy” and an average target price of $159.44.
In related news, Vice Chairman Victor Kaufman sold 119,575 shares of the business’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 owns 169,575 shares of the company’s stock, valued at $20,971,340.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dara Khosrowshahi sold 150,000 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $125.00, for a total transaction of $18,750,000.00. Following the sale, the director now directly owns 522,348 shares in the company, valued at approximately $65,293,500. The disclosure for this sale can be found here. In the last three months, insiders have sold 352,548 shares of company stock worth $43,689,017. 20.95% of the stock is owned by insiders.
Shares of Expedia, Inc. (NASDAQ EXPE) opened at $119.90 on Friday. The company has a market cap of $18,070.79, a PE ratio of 29.90, a P/E/G ratio of 1.85 and a beta of 0.89. Expedia, Inc. has a fifty-two week low of $111.88 and a fifty-two week high of $161.00. 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 data on Thursday, October 26th. The online travel company reported $2.51 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 return on equity of 10.71% and a net margin of 4.09%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.41 EPS. analysts forecast 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. Investors of record on Thursday, November 16th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Wednesday, November 15th. 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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