Canada Pension Plan Investment Board reduced its stake in shares of Expedia, Inc. (NASDAQ:EXPE) by 0.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 650,012 shares of the online travel company’s stock after selling 688 shares during the period. Canada Pension Plan Investment Board’s holdings in Expedia were worth $96,819,000 as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of EXPE. BlackRock Inc. increased its position in shares of Expedia by 3,458.6% in the first quarter. BlackRock Inc. now owns 7,832,689 shares of the online travel company’s stock worth $988,252,000 after buying an additional 7,612,585 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of Expedia by 1,118.9% in the first quarter. Neuberger Berman Group LLC now owns 1,805,829 shares of the online travel company’s stock worth $227,841,000 after buying an additional 1,657,678 shares during the last quarter. Jennison Associates LLC increased its position in shares of Expedia by 39.9% in the first quarter. Jennison Associates LLC now owns 3,397,821 shares of the online travel company’s stock worth $428,703,000 after buying an additional 968,772 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Expedia by 14.6% in the first quarter. Wellington Management Group LLP now owns 6,000,184 shares of the online travel company’s stock worth $757,042,000 after buying an additional 764,343 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Expedia by 30.4% in the first quarter. Ameriprise Financial Inc. now owns 2,312,604 shares of the online travel company’s stock worth $291,782,000 after buying an additional 539,205 shares during the last quarter. Institutional investors and hedge funds own 80.96% of the company’s stock.
Expedia, Inc. (NASDAQ:EXPE) opened at 147.90 on Thursday. The firm’s 50-day moving average is $151.97 and its 200-day moving average is $136.73. Expedia, Inc. has a 52-week low of $105.62 and a 52-week high of $161.00. The firm has a market capitalization of $22.43 billion, a PE ratio of 69.60 and a beta of 0.92.
Expedia (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by $0.05. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. Expedia had a return on equity of 10.98% and a net margin of 3.49%. The company’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period last year, the firm earned $0.83 EPS. On average, analysts anticipate that Expedia, Inc. will post $5.11 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be paid a $0.30 dividend. This is an increase from Expedia’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $1.20 annualized dividend and a yield of 0.81%. Expedia’s payout ratio is presently 53.08%.
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A number of research analysts have recently issued reports on EXPE shares. Cowen and Company reaffirmed a “buy” rating on shares of Expedia in a research report on Friday, July 28th. TheStreet raised shares of Expedia from a “c+” rating to a “b” rating in a research report on Thursday, July 27th. Cantor Fitzgerald reaffirmed a “hold” rating on shares of Expedia in a research report on Monday, June 26th. Stifel Nicolaus reissued a “hold” rating and set a $160.00 target price (up previously from $135.00) on shares of Expedia in a research report on Sunday, July 30th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $170.00 target price (up previously from $135.00) on shares of Expedia in a research report on Tuesday, July 18th. Eight analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $159.73.
In related news, CEO Dara Khosrowshahi sold 86,228 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $154.12, for a total value of $13,289,459.36. Following the completion of the transaction, the chief executive officer now owns 518,576 shares of the company’s stock, valued at approximately $79,922,933.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lance A. Soliday sold 2,544 shares of the business’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $142.30, for a total transaction of $362,011.20. Following the completion of the transaction, the insider now directly owns 4,815 shares of the company’s stock, valued at approximately $685,174.50. The disclosure for this sale can be found here. Insiders sold a total of 136,870 shares of company stock valued at $20,840,896 in the last three months. 20.95% of the stock is currently owned by corporate insiders.
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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