World Asset Management Inc decreased its position in Expedia, Inc. (NASDAQ:EXPE) by 10.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,907 shares of the online travel company’s stock after selling 1,375 shares during the period. World Asset Management Inc’s holdings in Expedia were worth $1,774,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased 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 during the period. Neuberger Berman Group LLC boosted its position in shares of Expedia by 1,118.9% in the first quarter. Neuberger Berman Group LLC now owns 1,805,829 shares of the online travel company’s stock worth $227,841,000 after buying an additional 1,657,678 shares in the last quarter. Jennison Associates LLC boosted its position in shares of 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. Wellington Management Group LLP boosted its position in shares of 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. Finally, Ameriprise Financial Inc. boosted its position in shares of 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. 81.22% of the stock is currently owned by institutional investors and hedge funds.
Shares of Expedia, Inc. (EXPE) traded down 0.30% during midday trading on Friday, reaching $143.71. 1,578,303 shares of the company’s stock traded hands. The stock has a market cap of $21.79 billion, a P/E ratio of 67.63 and a beta of 0.92. Expedia, Inc. has a 12 month low of $105.62 and a 12 month high of $161.00. The stock has a 50 day moving average of $150.98 and a 200-day moving average of $137.85.
Expedia (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by $0.05. Expedia had a net margin of 3.49% and a return on equity of 10.98%. The firm had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the previous year, the business earned $0.83 earnings per share. The firm’s revenue for the quarter was up 17.8% on a year-over-year basis. On average, equities research analysts forecast that Expedia, Inc. will post $5.09 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be given a dividend of $0.30 per share. This is a positive change from Expedia’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Tuesday, August 22nd. Expedia’s dividend payout ratio (DPR) is presently 53.08%.
A number of research analysts have commented on the stock. Credit Suisse Group set a $151.00 price target on shares of Expedia and gave the stock a “buy” rating in a research note on Sunday, April 30th. BidaskClub cut shares of Expedia from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Zacks Investment Research cut shares of Expedia from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. SunTrust Banks, Inc. started coverage on shares of Expedia in a research note on Tuesday. They issued a “buy” rating and a $190.00 target price for the company. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $173.00 target price on shares of Expedia in a research note on Friday, July 28th. Eight equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $160.81.
In related news, Vice Chairman Victor Kaufman sold 35,598 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $149.29, for a total transaction of $5,314,425.42. Following the transaction, the insider now directly owns 167,673 shares of the company’s stock, valued at $25,031,902.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dara Khosrowshahi sold 86,228 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $154.12, for a total transaction of $13,289,459.36. Following the transaction, the chief executive officer now directly owns 518,576 shares in the company, valued at $79,922,933.12. The disclosure for this sale can be found here. Insiders have sold 134,326 shares of company stock worth $20,478,885 over the last three months. 20.95% of the stock is owned by insiders.
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.
Receive News & Ratings for Expedia Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expedia Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
