Advisor Partners LLC increased its stake in Expedia, Inc. (NASDAQ:EXPE) by 7.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,922 shares of the online travel company’s stock after buying an additional 130 shares during the period. Advisor Partners LLC’s holdings in Expedia were worth $286,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. BlackRock Inc. raised its stake in Expedia by 3,458.6% in the first quarter. BlackRock Inc. now owns 7,832,689 shares of the online travel company’s stock valued at $988,252,000 after buying an additional 7,612,585 shares during the period. Neuberger Berman Group LLC raised its stake in 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 valued at $227,841,000 after buying an additional 1,657,678 shares during the period. Jennison Associates LLC raised its stake in Expedia by 39.9% in the first quarter. Jennison Associates LLC now owns 3,397,821 shares of the online travel company’s stock valued at $428,703,000 after buying an additional 968,772 shares during the period. Wellington Management Group LLP raised its stake in 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 valued at $757,042,000 after buying an additional 764,343 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in Expedia by 30.4% in the first quarter. Ameriprise Financial Inc. now owns 2,312,604 shares of the online travel company’s stock valued at $291,782,000 after buying an additional 539,205 shares during the period. 80.96% of the stock is currently owned by institutional investors and hedge funds.
Expedia, Inc. (NASDAQ:EXPE) opened at 144.51 on Friday. The company has a 50-day moving average of $151.59 and a 200-day moving average of $136.95. Expedia, Inc. has a 1-year low of $105.62 and a 1-year high of $161.00. The firm has a market cap of $21.91 billion, a price-to-earnings ratio of 68.00 and a beta of 0.92.
Expedia (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by $0.05. The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm earned $0.83 earnings per share. Analysts predict that Expedia, Inc. will post $5.11 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.83%. This is an increase from Expedia’s previous quarterly dividend of $0.28. The ex-dividend date is Tuesday, August 22nd. Expedia’s payout ratio is 53.08%.
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Several equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Expedia from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Credit Suisse Group set a $151.00 price objective on shares of Expedia and gave the stock a “buy” rating in a research note on Sunday, April 30th. BidaskClub lowered shares of Expedia from a “buy” rating to a “hold” rating in a research note on Wednesday. Jefferies Group LLC reiterated a “hold” rating and set a $140.00 price objective on shares of Expedia in a research note on Sunday, July 30th. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $173.00 price target on shares of Expedia in a research note on Friday, July 28th. Eight equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $159.73.
In other Expedia news, Vice Chairman Victor Kaufman sold 35,598 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $149.29, for a total value of $5,314,425.42. Following the completion of the sale, the insider now owns 167,673 shares of the company’s stock, valued at $25,031,902.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dara Khosrowshahi sold 86,228 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $154.12, for a total transaction of $13,289,459.36. Following the completion of the sale, the chief executive officer now directly owns 518,576 shares of the company’s stock, valued at approximately $79,922,933.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 136,870 shares of company stock valued at $20,840,896. 20.95% of the stock is currently owned by insiders.
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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