APG Asset Management N.V. increased its holdings in Expedia, Inc. (NASDAQ:EXPE) by 6.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 189,877 shares of the online travel company’s stock after acquiring an additional 11,600 shares during the quarter. APG Asset Management N.V. owned approximately 0.14% of Expedia worth $27,331,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. San Francisco Sentry Investment Group CA acquired a new position in Expedia in the 2nd quarter valued at $102,000. Fiduciary Trust Co. acquired a new position in shares of Expedia during the 2nd quarter worth $127,000. Sun Life Financial INC grew its stake 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 worth $132,000 after purchasing an additional 879 shares during the period. Pathstone Family Office LLC grew its stake 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 worth $143,000 after purchasing an additional 950 shares during the period. Finally, Dupont Capital Management Corp acquired a new position in shares of Expedia during the 2nd quarter worth $143,000. 82.88% of the stock is currently owned by institutional investors and hedge funds.
Shares of Expedia, Inc. (NASDAQ:EXPE) traded down $0.46 on Tuesday, reaching $120.28. The company had a trading volume of 3,445,200 shares, compared to its average volume of 2,054,786. Expedia, Inc. has a 52-week low of $111.88 and a 52-week high of $161.00. The company has a market capitalization of $18,382.91, a PE ratio of 30.41, a PEG ratio of 1.88 and a beta of 0.90. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.72 and a quick ratio of 0.72.
Expedia (NASDAQ:EXPE) last posted its earnings results on Thursday, October 26th. The online travel company reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.61 by ($0.10). The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.98 billion. Expedia had a net margin of 4.09% and a return on equity of 10.71%. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.41 earnings per share. sell-side analysts predict that Expedia, Inc. will post 3.91 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Thursday, November 16th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Wednesday, November 15th. Expedia’s payout ratio is 47.43%.
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A number of research firms have recently weighed in on EXPE. Zacks Investment Research raised shares of Expedia from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. J P Morgan Chase & Co decreased their price objective on shares of Expedia from $153.00 to $129.00 and set a “neutral” rating on the stock in a research report on Monday, October 30th. Cowen and Company set a $135.00 price objective on shares of Expedia and gave the stock a “buy” rating in a research report on Sunday, October 29th. Credit Suisse Group AG set a $147.00 price objective on shares of Expedia and gave the stock a “hold” rating in a research report on Friday, October 27th. Finally, Barclays PLC decreased their price objective on shares of Expedia from $170.00 to $155.00 and set an “overweight” rating on the stock in a research report on Friday, October 27th. Nine investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $159.61.
In other news, Vice Chairman Victor Kaufman sold 119,575 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $123.67, for a total transaction of $14,787,840.25. Following the transaction, the insider now directly owns 169,575 shares of the company’s stock, valued at $20,971,340.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dara Khosrowshahi sold 10,590 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $117.58, for a total value of $1,245,172.20. Following the transaction, the director now directly owns 422,348 shares in the company, valued at $49,659,677.84. The disclosure for this sale can be found here. Insiders sold 215,048 shares of company stock worth $26,819,142 over the last quarter. 20.88% of the stock is currently owned by company insiders.
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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