Flossbach Von Storch AG Takes $31.10 Million Position in Expedia, Inc. (EXPE)
Flossbach Von Storch AG purchased a new position in shares of Expedia, Inc. (NASDAQ:EXPE) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 259,680 shares of the online travel company’s stock, valued at approximately $31,102,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of EXPE. Macquarie Group Ltd. increased its holdings in Expedia by 377.8% in the second quarter. Macquarie Group Ltd. now owns 48,253 shares of the online travel company’s stock valued at $7,188,000 after buying an additional 38,153 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Expedia by 3,537.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 58,200 shares of the online travel company’s stock valued at $8,669,000 after buying an additional 56,600 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Expedia by 11.3% in the second quarter. The Manufacturers Life Insurance Company now owns 141,016 shares of the online travel company’s stock valued at $21,004,000 after buying an additional 14,368 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Expedia by 36.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 5,871 shares of the online travel company’s stock valued at $875,000 after buying an additional 1,553 shares in the last quarter. Finally, Castleark Management LLC purchased a new position in Expedia in the second quarter valued at about $255,000. 83.05% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Lance A. Soliday sold 2,401 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $120.37, for a total transaction of $289,008.37. Following the sale, the insider now owns 5,744 shares in the company, valued at $691,405.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dara Khosrowshahi sold 150,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 522,348 shares in the company, valued at approximately $65,293,500. The disclosure for this sale can be found here. 20.95% of the stock is currently owned by company insiders.
Shares of Expedia, Inc. (NASDAQ EXPE) opened at $104.00 on Friday. Expedia, Inc. has a 1 year low of $98.52 and a 1 year high of $161.00. The stock has a market cap of $15,834.21, a P/E ratio of 43.88, a P/E/G ratio of 1.41 and a beta of 0.89. 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 announced its earnings results on Thursday, February 8th. The online travel company reported $0.84 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.31). Expedia had a return on equity of 9.75% and a net margin of 3.76%. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter last year, the business posted $1.17 EPS. The firm’s revenue was up 10.8% compared to the same quarter last year. analysts forecast that Expedia, Inc. will post 4.43 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Thursday, March 8th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.15%. Expedia’s dividend payout ratio (DPR) is currently 50.63%.
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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