Advisors Asset Management Inc. lowered its stake in shares of Expedia Inc. (NASDAQ:EXPE) by 26.3% during the second quarter, Holdings Channel reports. The institutional investor owned 3,899 shares of the online travel company’s stock after selling 1,389 shares during the period. Advisors Asset Management Inc.’s holdings in Expedia were worth $414,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in Expedia by 1.6% in the first quarter. Geode Capital Management LLC now owns 992,731 shares of the online travel company’s stock valued at $106,825,000 after buying an additional 15,880 shares during the last quarter. Calixto Global Investors LP boosted its stake in Expedia by 103.9% in the first quarter. Calixto Global Investors LP now owns 279,307 shares of the online travel company’s stock valued at $30,114,000 after buying an additional 142,343 shares during the last quarter. Samlyn Capital LLC boosted its stake in Expedia by 70.1% in the first quarter. Samlyn Capital LLC now owns 739,912 shares of the online travel company’s stock valued at $79,777,000 after buying an additional 304,877 shares during the last quarter. National Pension Service boosted its stake in Expedia by 4.4% in the first quarter. National Pension Service now owns 67,254 shares of the online travel company’s stock valued at $7,251,000 after buying an additional 2,858 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. boosted its stake in Expedia by 19.2% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,207 shares of the online travel company’s stock valued at $235,000 after buying an additional 355 shares during the last quarter. 82.00% of the stock is currently owned by institutional investors and hedge funds.
Expedia Inc. (NASDAQ:EXPE) traded up 1.92% during trading on Thursday, hitting $118.22. 2,987,958 shares of the stock traded hands. The company has a market cap of $17.70 billion, a P/E ratio of 87.70 and a beta of 0.84. The company’s 50 day moving average price is $112.23 and its 200 day moving average price is $110.73. Expedia Inc. has a 12 month low of $88.40 and a 12 month high of $140.51.
Expedia (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, July 28th. The online travel company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.05. The firm earned $2.92 billion during the quarter, compared to the consensus estimate of $2.25 billion. Expedia had a return on equity of 8.02% and a net margin of 2.33%. The company’s quarterly revenue was up 32.1% on a year-over-year basis. During the same period last year, the company earned $0.89 EPS. On average, equities research analysts anticipate that Expedia Inc. will post $4.93 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, August 25th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.90%. This is an increase from Expedia’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, August 23rd. Expedia’s dividend payout ratio (DPR) is presently 72.73%.
Several equities research analysts have recently issued reports on EXPE shares. Cantor Fitzgerald reiterated a “buy” rating on shares of Expedia in a research report on Saturday, June 4th. Zacks Investment Research upgraded shares of Expedia from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a research report on Wednesday, June 29th. Deutsche Bank AG reiterated a “buy” rating on shares of Expedia in a research report on Sunday, July 10th. Benchmark Co. reiterated a “buy” rating and set a $135.00 price objective on shares of Expedia in a research report on Monday, August 1st. Finally, Evercore ISI reiterated a “hold” rating and set a $125.00 price objective on shares of Expedia in a research report on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seventeen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $129.99.
In related news, EVP Mark D. Okerstrom sold 56,664 shares of the firm’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $114.97, for a total transaction of $6,514,660.08. Following the completion of the transaction, the executive vice president now directly owns 100,543 shares in the company, valued at approximately $11,559,428.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lance A. Soliday sold 1,500 shares of the firm’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $111.00, for a total value of $166,500.00. Following the transaction, the insider now owns 2,915 shares of the company’s stock, valued at $323,565. The disclosure for this sale can be found here. Corporate insiders own 20.95% of the company’s stock.
Expedia Company Profile
Expedia, Inc is an online travel company. The Company makes travel products and services available, on a standalone and package basis, provided by various lodging properties, airlines, car rental companies, destination service providers, cruise lines and other travel product and service companies. Its Core OTA segment provides a range of travel and advertising services, 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, Venere, Wotif Group, CarRentals.com, and Classic Vacations.
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