Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in Expedia Inc (NASDAQ:EXPE) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 25,400 shares of the online travel company’s stock, valued at approximately $3,042,000.
Other hedge funds also recently bought and sold shares of the company. Douglas Lane & Associates LLC raised its stake in Expedia by 26.6% in the fourth quarter. Douglas Lane & Associates LLC now owns 313,239 shares of the online travel company’s stock valued at $37,517,000 after purchasing an additional 65,821 shares in the last quarter. Pinebridge Investments L.P. bought a new position in Expedia in the third quarter valued at about $840,000. Penserra Capital Management LLC grew its position in Expedia by 103.2% in the fourth quarter. Penserra Capital Management LLC now owns 45,194 shares of the online travel company’s stock valued at $5,411,000 after acquiring an additional 22,957 shares during the last quarter. Boyd Watterson Asset Management LLC OH grew its position in Expedia by 23.3% in the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 10,279 shares of the online travel company’s stock valued at $1,231,000 after acquiring an additional 1,940 shares during the last quarter. Finally, BTIM Corp. bought a new position in Expedia in the fourth quarter valued at about $2,380,000. 80.20% of the stock is owned by institutional investors and hedge funds.
Expedia Inc (EXPE) opened at $106.11 on Monday. Expedia Inc has a 12 month low of $98.52 and a 12 month high of $161.00. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $16,110.89, a P/E ratio of 29.15, a price-to-earnings-growth ratio of 1.80 and a beta of 1.05.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Thursday, March 8th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.13%. The ex-dividend date is Wednesday, March 7th. Expedia’s dividend payout ratio (DPR) is presently 50.63%.
A number of research firms have issued reports on EXPE. TheStreet cut Expedia from a “b” rating to a “c+” rating in a research report on Thursday, February 8th. Piper Jaffray Companies boosted their price target on Expedia to $135.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. Morgan Stanley reduced their price target on Expedia from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, February 9th. Bank of America upgraded Expedia from a “neutral” rating to a “buy” rating in a report on Wednesday, January 3rd. Finally, Needham & Company LLC cut Expedia from a “buy” rating to a “hold” rating in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and nineteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $146.45.
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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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