Advisory Services Network LLC decreased its position in Expedia Inc. (NASDAQ:EXPE) by 7.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,495 shares of the online travel company’s stock after selling 215 shares during the period. Advisory Services Network LLC’s holdings in Expedia were worth $265,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in EXPE. Checchi Capital Advisers LLC raised its position in shares of Expedia by 1.2% in the second quarter. Checchi Capital Advisers LLC now owns 962 shares of the online travel company’s stock worth $102,000 after buying an additional 11 shares during the period. Catamount Wealth Management raised its position in shares of Expedia by 900.0% in the first quarter. Catamount Wealth Management now owns 1,000 shares of the online travel company’s stock worth $108,000 after buying an additional 900 shares during the period. Middleton & Co Inc MA bought a new position in shares of Expedia during the second quarter worth about $202,000. Independent Portfolio Consultants Inc. raised its position in shares of Expedia by 19.2% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,207 shares of the online travel company’s stock worth $235,000 after buying an additional 355 shares during the period. Finally, Quantum Capital Management bought a new position in shares of Expedia during the first quarter worth about $257,000. 82.00% of the stock is currently owned by institutional investors and hedge funds.
Expedia Inc. (NASDAQ:EXPE) traded down 0.64% during midday trading on Friday, hitting $117.77. The stock had a trading volume of 1,174,179 shares. The stock has a market capitalization of $17.63 billion, a PE ratio of 87.37 and a beta of 0.68. Expedia Inc. has a 1-year low of $88.40 and a 1-year high of $140.51. The stock’s 50-day moving average is $112.73 and its 200-day moving average is $110.99.
Expedia (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, July 28th. The online travel company reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.05. The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.25 billion. Expedia had a return on equity of 8.02% and a net margin of 2.33%. The firm’s quarterly revenue was up 32.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.89 earnings per share. On average, equities research analysts anticipate that Expedia Inc. will post $4.92 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, August 25th were paid a $0.26 dividend. This is a positive change from Expedia’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Tuesday, August 23rd. Expedia’s payout ratio is currently 72.73%.
EXPE has been the topic of a number of research reports. Deutsche Bank AG dropped their target price on shares of Expedia from $142.00 to $138.00 and set a “buy” rating on the stock in a research report on Friday, July 29th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Expedia in a research report on Sunday, July 10th. Zacks Investment Research raised shares of Expedia from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a report on Wednesday, June 29th. Benchmark Co. reissued a “buy” rating and issued a $135.00 price target on shares of Expedia in a report on Monday, August 1st. Finally, RBC Capital Markets reissued a “buy” rating and issued a $165.00 price target (up previously from $160.00) on shares of Expedia in a report on Friday. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seventeen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $130.17.
In other Expedia news, insider Lance A. Soliday sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $111.00, for a total value of $166,500.00. Following the transaction, the insider now directly owns 2,915 shares of the company’s stock, valued at $323,565. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Craig A. Jacobson sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $116.54, for a total value of $932,320.00. Following the completion of the transaction, the director now directly owns 40,896 shares in the company, valued at $4,766,019.84. The disclosure for this sale can be found here. 20.95% of the stock is owned by corporate insiders.
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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