South State Corp grew its stake in Expedia, Inc. (NASDAQ:EXPE) by 141.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,398 shares of the online travel company’s stock after acquiring an additional 14,283 shares during the quarter. South State Corp’s holdings in Expedia were worth $3,634,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. Cleararc Capital Inc. increased its stake in shares of Expedia by 0.5% in the 1st quarter. Cleararc Capital Inc. now owns 2,948 shares of the online travel company’s stock valued at $372,000 after acquiring an additional 16 shares during the last quarter. Merriman Wealth Management LLC increased its stake in shares of Expedia by 1.4% in the 2nd quarter. Merriman Wealth Management LLC now owns 2,139 shares of the online travel company’s stock valued at $319,000 after acquiring an additional 29 shares during the last quarter. Blair William & Co. IL increased its stake in shares of Expedia by 0.6% in the 2nd quarter. Blair William & Co. IL now owns 4,998 shares of the online travel company’s stock valued at $744,000 after acquiring an additional 30 shares during the last quarter. Stephens Inc. AR increased its stake in shares of Expedia by 1.9% in the 1st quarter. Stephens Inc. AR now owns 2,875 shares of the online travel company’s stock valued at $363,000 after acquiring an additional 53 shares during the last quarter. Finally, Quantum Capital Management increased its stake in shares of Expedia by 2.6% in the 1st quarter. Quantum Capital Management now owns 2,102 shares of the online travel company’s stock valued at $265,000 after acquiring an additional 54 shares during the last quarter. 84.42% of the stock is owned by institutional investors.
In related news, CEO Dara Khosrowshahi sold 86,228 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $154.12, for a total transaction of $13,289,459.36. Following the sale, the chief executive officer now directly owns 518,576 shares in the company, valued at approximately $79,922,933.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman Victor Kaufman sold 35,598 shares of the business’s stock in a transaction 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 sale, the insider now owns 167,673 shares in the company, valued at $25,031,902.17. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 146,826 shares of company stock worth $22,359,010. 20.88% of the stock is currently owned by corporate insiders.
A number of brokerages have recently commented on EXPE. Zacks Investment Research cut Expedia from a “hold” rating to a “sell” rating in a research note on Monday. Guggenheim reaffirmed a “buy” rating and issued a $175.00 price target (down from $190.00) on shares of Expedia in a research note on Thursday, September 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $175.00 price target on shares of Expedia in a research note on Thursday, September 7th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $160.00 price target on shares of Expedia in a research note on Thursday, September 7th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $173.00 price target on shares of Expedia in a research note on Thursday, August 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $163.02.
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Shares of Expedia, Inc. (NASDAQ:EXPE) traded down 0.44% on Tuesday, hitting $143.49. The company had a trading volume of 341,891 shares. Expedia, Inc. has a 1-year low of $105.62 and a 1-year high of $161.00. The firm has a market capitalization of $21.76 billion, a price-to-earnings ratio of 67.52 and a beta of 0.97. The company has a 50 day moving average price of $148.63 and a 200 day moving average price of $140.77.
Expedia (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, July 27th. The online travel company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.05). Expedia had a net margin of 3.49% and a return on equity of 10.98%. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the previous year, the firm posted $0.83 earnings per share. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year. On average, equities analysts forecast that Expedia, Inc. will post $5.06 earnings per share for the current fiscal year.
The business also recently disclosed 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 a positive change from Expedia’s previous quarterly dividend of $0.28. The ex-dividend date is Tuesday, August 22nd. Expedia’s payout ratio is presently 56.87%.
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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