Expedia, Inc. (EXPE) Shares Sold by First United Bank Trust
First United Bank Trust reduced its position in Expedia, Inc. (NASDAQ:EXPE) by 13.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,830 shares of the online travel company’s stock after selling 750 shares during the period. First United Bank Trust’s holdings in Expedia were worth $578,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Expedia during the 3rd quarter valued at about $101,000. San Francisco Sentry Investment Group CA purchased a new stake in shares of Expedia during the 2nd quarter valued at about $102,000. Krilogy Financial LLC raised its holdings in shares of Expedia by 2,900.0% during the 3rd quarter. Krilogy Financial LLC now owns 900 shares of the online travel company’s stock valued at $130,000 after buying an additional 870 shares during the period. Sun Life Financial INC raised its holdings 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 buying an additional 879 shares during the period. Finally, Pathstone Family Office LLC raised its holdings in shares of Expedia by 15,833.3% during the 2nd quarter. Pathstone Family Office LLC now owns 956 shares of the online travel company’s stock valued at $143,000 after buying an additional 950 shares during the period. 84.12% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Dara Khosrowshahi sold 72,383 shares of the business’s stock in a transaction that occurred 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 owns 494,731 shares in the company, valued at approximately $60,871,702.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Victor Kaufman sold 119,575 shares of the business’s stock in a transaction that occurred 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 owns 169,575 shares of the company’s stock, valued at approximately $20,971,340.25. The disclosure for this sale can be found here. Insiders sold a total of 354,949 shares of company stock valued at $43,978,025 over the last quarter. Company insiders own 20.88% of the company’s stock.
Several equities research analysts recently commented on EXPE shares. Credit Suisse Group set a $147.00 target price on Expedia and gave the company a “hold” rating in a report on Friday, October 27th. UBS Group reiterated a “buy” rating and set a $154.00 target price (down from $170.00) on shares of Expedia in a report on Friday, October 27th. Deutsche Bank restated a “buy” rating and set a $171.00 price objective (down from $175.00) on shares of Expedia in a report on Tuesday, October 24th. Cowen set a $158.00 price objective on Expedia and gave the stock a “buy” rating in a report on Thursday, October 12th. Finally, SunTrust Banks restated a “buy” rating and set a $190.00 price objective on shares of Expedia in a report on Monday, October 23rd. Nine research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Expedia currently has an average rating of “Buy” and an average price target of $159.18.
Shares of Expedia, Inc. (NASDAQ:EXPE) traded up $2.95 during midday trading on Tuesday, hitting $132.36. The stock had a trading volume of 2,245,400 shares, compared to its average volume of 1,876,389. Expedia, Inc. has a 1-year low of $115.55 and a 1-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 company has a market cap of $20,220.00, a P/E ratio of 52.32, a price-to-earnings-growth ratio of 1.81 and a beta of 0.89.
Expedia (NASDAQ:EXPE) last issued 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 net margin of 4.09% and a return on equity of 10.71%. The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter last year, the firm posted $2.41 earnings per share. Expedia’s revenue was up 14.9% compared to the same quarter last year. research analysts forecast that Expedia, Inc. will post 3.91 EPS for the current year.
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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