Principal Financial Group Inc. boosted its position in shares of Expedia Inc. (NASDAQ:EXPE) by 1.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 181,232 shares of the online travel company’s stock after buying an additional 1,745 shares during the period. Principal Financial Group Inc. owned about 0.12% of Expedia worth $19,262,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of EXPE. Checchi Capital Advisers LLC boosted its position in Expedia by 1.2% in the second quarter. Checchi Capital Advisers LLC now owns 962 shares of the online travel company’s stock valued at $102,000 after buying an additional 11 shares during the period. Cleararc Capital Inc. boosted its position in Expedia by 0.7% in the first quarter. Cleararc Capital Inc. now owns 2,904 shares of the online travel company’s stock valued at $313,000 after buying an additional 19 shares during the period. CENTRAL TRUST Co boosted its position in Expedia by 2.1% in the second quarter. CENTRAL TRUST Co now owns 992 shares of the online travel company’s stock valued at $106,000 after buying an additional 20 shares during the period. LS Investment Advisors LLC boosted its position in Expedia by 1.6% in the second quarter. LS Investment Advisors LLC now owns 3,590 shares of the online travel company’s stock valued at $382,000 after buying an additional 58 shares during the period. Finally, CIBC Asset Management Inc boosted its position in Expedia by 0.3% in the second quarter. CIBC Asset Management Inc now owns 18,566 shares of the online travel company’s stock valued at $1,974,000 after buying an additional 60 shares during the period. Institutional investors own 82.00% of the company’s stock.
Shares of Expedia Inc. (NASDAQ:EXPE) opened at 116.72 on Friday. The company’s 50 day moving average is $112.40 and its 200 day moving average is $110.79. The firm has a market cap of $17.47 billion, a price-to-earnings ratio of 86.59 and a beta of 0.84. Expedia Inc. has a 52-week low of $88.40 and a 52-week high of $140.51.
Expedia (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, July 28th. The online travel company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.05. Expedia had a net margin of 2.33% and a return on equity of 8.02%. The business had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same period in the previous year, the company earned $0.89 earnings per share. The firm’s revenue for the quarter was up 32.1% compared to the same quarter last year. Analysts anticipate that Expedia Inc. will post $4.92 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th were given a $0.26 dividend. This is a positive change from Expedia’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, August 23rd. This represents a $1.04 annualized dividend and a yield of 0.89%. Expedia’s payout ratio is currently 72.73%.
EXPE has been the subject of several research analyst reports. Cantor Fitzgerald restated a “buy” rating on shares of Expedia in a research report on Friday, September 9th. Atlantic Securities raised shares of Expedia from a “neutral” rating to an “overweight” rating and set a $130.00 target price for the company in a report on Monday, June 20th. Jefferies Group reaffirmed a “hold” rating on shares of Expedia in a report on Monday, July 11th. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $147.00 target price on shares of Expedia in a report on Monday, August 1st. Finally, Zacks Investment Research lowered shares of Expedia from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seventeen have given a buy rating to the company’s stock. Expedia has an average rating of “Buy” and a consensus price target of $129.99.
In other Expedia news, EVP Mark D. Okerstrom sold 56,664 shares of Expedia stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $114.97, for a total value of $6,514,660.08. Following the sale, the executive vice president now owns 100,543 shares of the company’s stock, valued at $11,559,428.71. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Lance A. Soliday sold 1,500 shares of Expedia stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $111.00, for a total transaction of $166,500.00. Following the completion of the sale, the insider now directly owns 2,915 shares in the company, valued at approximately $323,565. The disclosure for this sale can be found here. 20.95% of the stock is currently owned by company insiders.
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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