Janney Montgomery Scott LLC Sells 3,092 Shares of Expedia, Inc. (EXPE)
Janney Montgomery Scott LLC lessened its stake in shares of Expedia, Inc. (NASDAQ:EXPE) by 14.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 17,595 shares of the online travel company’s stock after selling 3,092 shares during the period. Janney Montgomery Scott LLC’s holdings in Expedia were worth $2,533,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in EXPE. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Expedia during the 3rd quarter valued at $101,000. San Francisco Sentry Investment Group CA acquired a new stake in shares of Expedia during the 2nd quarter valued at $102,000. Fiduciary Trust Co. acquired a new stake in shares of Expedia during the 2nd quarter valued at $127,000. Sun Life Financial INC lifted its position in shares of Expedia by 10,987.5% during 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 lifted its holdings in shares of Expedia by 15,833.3% in the second quarter. Pathstone Family Office LLC now owns 956 shares of the online travel company’s stock valued at $143,000 after purchasing an additional 950 shares in the last quarter. Institutional investors own 84.20% of the company’s stock.
Expedia, Inc. (NASDAQ:EXPE) opened at $120.88 on Friday. Expedia, Inc. has a one year low of $111.88 and a one year high of $161.00. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.60. The firm has a market cap of $18,580.00, a price-to-earnings ratio of 30.20, a PEG ratio of 1.87 and a beta of 0.89.
Expedia (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, October 26th. The online travel company reported $2.51 earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period last year, the company posted $2.41 earnings per share. The company’s revenue was up 14.9% compared to the same quarter last year. research analysts predict that Expedia, Inc. will post 3.91 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 7th. Stockholders of record on Thursday, November 16th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Wednesday, November 15th. Expedia’s dividend payout ratio (DPR) is presently 47.43%.
A number of research firms have recently issued reports on EXPE. Bank of America restated a “buy” rating and issued a $178.00 target price (down previously from $187.00) on shares of Expedia in a report on Tuesday, September 26th. Needham & Company LLC restated a “buy” rating and issued a $180.00 target price on shares of Expedia in a report on Thursday, September 28th. MKM Partners restated a “neutral” rating and issued a $145.00 target price (down previously from $170.00) on shares of Expedia in a report on Thursday, December 7th. Argus lowered Expedia from a “buy” rating to a “hold” rating and set a $178.00 target price for the company. in a report on Tuesday, December 5th. Finally, UBS restated a “buy” rating and issued a $170.00 target price (down previously from $178.00) on shares of Expedia in a report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $159.44.
In other Expedia news, Vice Chairman Victor Kaufman sold 119,575 shares of the stock in a transaction on 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 transaction, the insider now directly owns 169,575 shares of the company’s stock, valued at $20,971,340.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dara Khosrowshahi sold 150,000 shares of the stock in a transaction on 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 transaction, the director now directly owns 522,348 shares in the company, valued at $65,293,500. The disclosure for this sale can be found here. Insiders sold 352,548 shares of company stock worth $43,689,017 over the last ninety days. 20.95% of the stock is currently owned by company insiders.
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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