Braun Stacey Associates Inc. reduced its position in shares of Expedia, Inc. (NASDAQ:EXPE) by 17.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,720 shares of the online travel company’s stock after selling 810 shares during the period. Braun Stacey Associates Inc.’s holdings in Expedia were worth $554,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Expedia by 3.0% in the first quarter. Vanguard Group Inc. now owns 11,616,561 shares of the online travel company’s stock worth $1,465,661,000 after buying an additional 342,485 shares in the last quarter. BlackRock Inc. raised its stake in Expedia by 3,458.6% in the first quarter. BlackRock Inc. now owns 7,832,689 shares of the online travel company’s stock worth $988,252,000 after buying an additional 7,612,585 shares in the last quarter. Wellington Management Group LLP raised its stake in Expedia by 14.6% in the first quarter. Wellington Management Group LLP now owns 6,000,184 shares of the online travel company’s stock worth $757,042,000 after buying an additional 764,343 shares in the last quarter. Jennison Associates LLC raised its stake in Expedia by 39.9% in the first quarter. Jennison Associates LLC now owns 3,397,821 shares of the online travel company’s stock worth $428,703,000 after buying an additional 968,772 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Expedia by 30.4% in the first quarter. Ameriprise Financial Inc. now owns 2,312,604 shares of the online travel company’s stock worth $291,782,000 after buying an additional 539,205 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.
Expedia, Inc. (NASDAQ:EXPE) opened at 151.35 on Friday. The firm has a 50 day moving average price of $151.40 and a 200 day moving average price of $135.62. Expedia, Inc. has a 52 week low of $105.62 and a 52 week high of $161.00. The stock has a market capitalization of $22.95 billion, a P/E ratio of 71.22 and a beta of 0.92.
Expedia (NASDAQ:EXPE) last posted its earnings results on Thursday, July 27th. The online travel company reported $0.89 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by $0.05. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. Expedia had a net margin of 3.49% and a return on equity of 10.98%. The firm’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period last year, the company posted $0.83 earnings per share. Equities research analysts predict that Expedia, Inc. will post $5.11 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, August 22nd. This is a positive change from Expedia’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a dividend yield of 0.79%. Expedia’s dividend payout ratio is 53.08%.
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EXPE has been the topic of a number of analyst reports. Cowen and Company reaffirmed a “buy” rating on shares of Expedia in a research report on Friday, July 28th. TheStreet raised Expedia from a “c+” rating to a “b” rating in a research report on Thursday, July 27th. Cantor Fitzgerald reaffirmed a “hold” rating on shares of Expedia in a research report on Monday, June 26th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $160.00 price target (up previously from $135.00) on shares of Expedia in a research report on Sunday, July 30th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $170.00 price target (up previously from $135.00) on shares of Expedia in a research report on Tuesday, July 18th. Seven research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $159.73.
In other news, CEO Dara Khosrowshahi sold 86,228 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $154.12, for a total transaction of $13,289,459.36. Following the completion of the transaction, the chief executive officer now directly owns 518,576 shares of the company’s stock, valued at $79,922,933.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Craig A. Jacobson sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $139.95, for a total value of $419,850.00. Following the transaction, the director now directly owns 30,496 shares of the company’s stock, valued at $4,267,915.20. The disclosure for this sale can be found here. Insiders have sold 91,772 shares of company stock valued at $14,071,321 over the last ninety days. Corporate insiders own 20.95% of the company’s stock.
About Expedia
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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