Employees Retirement System of Texas Sells 2,000 Shares of Expedia Inc (EXPE)
Employees Retirement System of Texas reduced its stake in shares of Expedia Inc (NASDAQ:EXPE) by 28.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,000 shares of the online travel company’s stock after selling 2,000 shares during the period. Employees Retirement System of Texas’ holdings in Expedia were worth $599,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Virtu Financial LLC bought a new stake in Expedia during the 4th quarter worth approximately $407,000. UBS Asset Management Americas Inc. increased its holdings in Expedia by 36.3% during the 4th quarter. UBS Asset Management Americas Inc. now owns 952,916 shares of the online travel company’s stock worth $114,131,000 after purchasing an additional 253,620 shares in the last quarter. Pinebridge Investments L.P. increased its holdings in Expedia by 15.0% during the 4th quarter. Pinebridge Investments L.P. now owns 6,711 shares of the online travel company’s stock worth $803,000 after purchasing an additional 876 shares in the last quarter. State of Wisconsin Investment Board increased its holdings in Expedia by 0.3% during the 4th quarter. State of Wisconsin Investment Board now owns 255,467 shares of the online travel company’s stock worth $30,597,000 after purchasing an additional 756 shares in the last quarter. Finally, D.A. Davidson & CO. increased its holdings in Expedia by 3.8% during the 4th quarter. D.A. Davidson & CO. now owns 85,917 shares of the online travel company’s stock worth $10,290,000 after purchasing an additional 3,155 shares in the last quarter. 85.71% of the stock is owned by hedge funds and other institutional investors.
In other Expedia news, insider Lance A. Soliday sold 2,401 shares of the stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $120.37, for a total transaction of $289,008.37. Following the completion of the transaction, the insider now directly owns 5,744 shares of the company’s stock, valued at $691,405.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 20.95% of the stock is currently owned by corporate insiders.
Expedia Inc (EXPE) opened at $104.50 on Friday. Expedia Inc has a twelve month low of $98.52 and a twelve month high of $161.00. The firm has a market capitalization of $15,784.46, a price-to-earnings ratio of 28.56, a price-to-earnings-growth ratio of 1.85 and a beta of 1.05. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.61.
Expedia (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, February 8th. The online travel company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.31). Expedia had a net margin of 3.76% and a return on equity of 9.66%. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period last year, the company posted $1.17 earnings per share. Expedia’s revenue for the quarter was up 10.8% on a year-over-year basis. equities research analysts predict that Expedia Inc will post 3.62 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Thursday, March 8th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Wednesday, March 7th. Expedia’s dividend payout ratio (DPR) is 50.63%.
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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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