Macquarie Group Ltd. raised its stake in Expedia Inc. (NASDAQ:EXPE) by 83.6% during the second quarter, Holdings Channel reports. The fund owned 5,050 shares of the online travel company’s stock after buying an additional 2,300 shares during the period. Macquarie Group Ltd.’s holdings in Expedia were worth $537,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of the company. Checchi Capital Advisers LLC boosted its stake 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 last quarter. Cleararc Capital Inc. raised 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 raised 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 raised 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 raised 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. Hedge funds and other institutional investors own 82.00% of the company’s stock.
Shares of Expedia Inc. (NASDAQ:EXPE) opened at 113.10 on Wednesday. The firm’s 50-day moving average price is $112.17 and its 200 day moving average price is $110.69. Expedia Inc. has a 52 week low of $88.40 and a 52 week high of $140.51. The firm has a market capitalization of $16.93 billion, a price-to-earnings ratio of 83.90 and a beta of 0.84.
Expedia (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, July 28th. The online travel company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.05. The firm earned $2.92 billion during the quarter, compared to analysts’ expectations of $2.25 billion. Expedia had a return on equity of 8.02% and a net margin of 2.33%. The business’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 earnings per share. On average, analysts anticipate that Expedia Inc. will post $4.93 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th were issued a dividend of $0.26 per share. This is a positive change from Expedia’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a yield of 0.92%. The ex-dividend date was Tuesday, August 23rd. Expedia’s dividend payout ratio (DPR) is 72.73%.
Several research firms have commented on EXPE. Deutsche Bank AG reaffirmed a “buy” rating on shares of Expedia in a research report on Sunday, July 10th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Expedia in a research report on Saturday, June 4th. Barclays PLC lifted their price target on Expedia from $120.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, July 29th. Zacks Investment Research raised Expedia from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research report on Wednesday, June 29th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $125.00 price target on shares of Expedia in a research report on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seventeen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $129.99.
In other Expedia news, Director Craig A. Jacobson sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $116.54, for a total transaction of $932,320.00. Following the transaction, the director now directly owns 40,896 shares in the company, valued at $4,766,019.84. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mark D. Okerstrom sold 56,664 shares of the firm’s 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 transaction, the executive vice president now owns 100,543 shares in the company, valued at $11,559,428.71. The disclosure for this sale can be found here. Company insiders own 20.95% of the company’s stock.
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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