Allianz Asset Management GmbH decreased its stake in Expedia Inc (NASDAQ:EXPE) by 96.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,915 shares of the online travel company’s stock after selling 243,068 shares during the period. Allianz Asset Management GmbH’s holdings in Expedia were worth $1,068,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of EXPE. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Expedia in the third quarter worth about $101,000. Dupont Capital Management Corp boosted its position in shares of Expedia by 90.9% in the fourth quarter. Dupont Capital Management Corp now owns 1,046 shares of the online travel company’s stock worth $125,000 after buying an additional 498 shares during the period. Krilogy Financial LLC boosted its position in shares of Expedia by 2,900.0% in the third quarter. Krilogy Financial LLC now owns 900 shares of the online travel company’s stock worth $130,000 after buying an additional 870 shares during the period. Hyman Charles D purchased a new stake in shares of Expedia in the fourth quarter worth about $216,000. Finally, Zeke Capital Advisors LLC purchased a new stake in shares of Expedia in the third quarter worth about $227,000. 80.19% of the stock is owned by institutional investors.
Several equities research analysts have recently weighed in on EXPE shares. BidaskClub downgraded Expedia from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 2nd. Argus downgraded Expedia from a “buy” rating to a “hold” rating and set a $178.00 target price for the company. in a research report on Tuesday, December 5th. SunTrust Banks upped their target price on Expedia to $180.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. They noted that the move was a valuation call. Morgan Stanley cut their price target on Expedia from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. Finally, Bank of America cut their price target on Expedia from $145.00 to $138.00 and set a “buy” rating on the stock in a research note on Friday, February 9th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $146.45.
Expedia (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, February 8th. The online travel company reported $0.84 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by ($0.31). Expedia had a net margin of 3.76% and a return on equity of 9.66%. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the previous year, the company earned $1.17 EPS. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. equities research analysts expect that Expedia Inc will post 3.59 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Thursday, March 8th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Wednesday, March 7th. Expedia’s dividend payout ratio (DPR) is presently 50.63%.
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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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