Lyell Wealth Management LP boosted its stake in Expedia Inc (NASDAQ:EXPE) by 86.8% during the first quarter, Holdings Channel reports. The firm owned 5,889 shares of the online travel company’s stock after buying an additional 2,737 shares during the period. Lyell Wealth Management LP’s holdings in Expedia were worth $743,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. NN Investment Partners Holdings N.V. increased its stake in Expedia by 27.7% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 921 shares of the online travel company’s stock valued at $104,000 after buying an additional 200 shares during the last quarter. Edge Wealth Management LLC bought a new stake in Expedia during the first quarter valued at $126,000. State of Alaska Department of Revenue bought a new stake in Expedia during the first quarter valued at $146,000. First Bank & Trust bought a new stake in Expedia during the fourth quarter valued at $159,000. Finally, Rice Hall James & Associates LLC increased its stake in Expedia by 3.0% in the first quarter. Rice Hall James & Associates LLC now owns 1,430 shares of the online travel company’s stock valued at $180,000 after buying an additional 41 shares during the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.
Expedia Inc (NASDAQ:EXPE) traded up 0.23% during midday trading on Friday, hitting $141.59. 1,575,193 shares of the stock were exchanged. Expedia Inc has a one year low of $96.58 and a one year high of $145.77. The firm has a market capitalization of $21.37 billion, a price-to-earnings ratio of 71.87 and a beta of 0.69. The company has a 50 day moving average price of $134.13 and a 200 day moving average price of $124.96.
Expedia (NASDAQ:EXPE) last announced its earnings results on Thursday, April 27th. The online travel company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.15. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.14 billion. Expedia had a net margin of 3.06% and a return on equity of 11.54%. The business’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period last year, the company posted $0.09 EPS. Equities analysts anticipate that Expedia Inc will post $5.28 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, May 25th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a $1.12 annualized dividend and a yield of 0.79%. Expedia’s dividend payout ratio (DPR) is currently 60.47%.
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Several research firms have recently weighed in on EXPE. Needham & Company LLC reissued a “buy” rating on shares of Expedia in a research report on Friday, February 10th. Evercore ISI reissued a “hold” rating and issued a $125.00 target price on shares of Expedia in a research report on Friday, February 10th. Credit Suisse Group AG set a $151.00 target price on shares of Expedia and gave the stock a “buy” rating in a research report on Sunday, April 30th. Raymond James Financial, Inc. reissued a “market perform” rating and issued a $139.00 target price on shares of Expedia in a research report on Thursday. They noted that the move was a valuation call. Finally, Oppenheimer Holdings Inc. boosted their target price on shares of Expedia from $145.00 to $150.00 and gave the stock an “outperform” rating in a research report on Monday, May 1st. Eight investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Expedia has a consensus rating of “Buy” and a consensus price target of $147.06.
In other Expedia news, Director Susan C. Athey sold 670 shares of the firm’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $138.59, for a total transaction of $92,855.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Dara Khosrowshahi sold 106,892 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $119.25, for a total transaction of $12,746,871.00. Following the sale, the chief executive officer now owns 539,240 shares in the company, valued at $64,304,370. The disclosure for this sale can be found here. Insiders have sold a total of 142,391 shares of company stock worth $17,715,636 over the last 90 days. Corporate insiders own 20.95% of the company’s stock.
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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