Korea Investment CORP lifted its holdings in Expedia, Inc. (NASDAQ:EXPE) by 6.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,146 shares of the online travel company’s stock after acquiring an additional 900 shares during the quarter. Korea Investment CORP’s holdings in Expedia were worth $2,180,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Swiss National Bank increased its stake in shares of Expedia by 2.9% in the second quarter. Swiss National Bank now owns 450,370 shares of the online travel company’s stock worth $67,083,000 after acquiring an additional 12,700 shares during the period. OZ Management LP acquired a new stake in Expedia during the second quarter valued at $1,892,000. Hartwell J M Limited Partnership grew its position in Expedia by 229.1% during the second quarter. Hartwell J M Limited Partnership now owns 28,975 shares of the online travel company’s stock valued at $4,316,000 after buying an additional 20,170 shares during the period. Franklin Resources Inc. grew its position in Expedia by 14.9% during the second quarter. Franklin Resources Inc. now owns 663,900 shares of the online travel company’s stock valued at $98,888,000 after buying an additional 86,000 shares during the period. Finally, Allen Investment Management LLC grew its position in Expedia by 23.2% during the second quarter. Allen Investment Management LLC now owns 53,638 shares of the online travel company’s stock valued at $7,989,000 after buying an additional 10,104 shares during the period. Hedge funds and other institutional investors own 84.49% of the company’s stock.
Several analysts recently commented on EXPE shares. Zacks Investment Research lowered shares of Expedia from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Morgan Stanley restated an “equal weight” rating and set a $170.00 price target (up previously from $135.00) on shares of Expedia in a research report on Tuesday, July 18th. Oppenheimer Holdings, Inc. raised their price target on shares of Expedia from $150.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, July 19th. Credit Suisse Group restated an “outperform” rating and set a $162.00 price target (up previously from $151.00) on shares of Expedia in a research report on Tuesday, July 25th. They noted that the move was a valuation call. Finally, BidaskClub lowered shares of Expedia from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $159.61.
Shares of Expedia, Inc. (NASDAQ:EXPE) opened at $123.05 on Monday. Expedia, Inc. has a 12-month low of $111.88 and a 12-month high of $161.00. The firm has a market cap of $18,764.39, a PE ratio of 31.00, a price-to-earnings-growth ratio of 1.92 and a beta of 0.90. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.72 and a current ratio of 0.72.
Expedia (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, October 26th. The online travel company reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $2.61 by ($0.10). Expedia had a net margin of 4.09% and a return on equity of 10.71%. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the prior year, the business earned $2.41 earnings per share. Expedia’s revenue was up 14.9% on a year-over-year basis. equities research analysts anticipate that Expedia, Inc. will post 3.91 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Thursday, November 16th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Wednesday, November 15th. Expedia’s dividend payout ratio is presently 47.43%.
In other Expedia news, EVP Mark D. Okerstrom sold 12,500 shares of Expedia stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $150.41, for a total transaction of $1,880,125.00. Following the completion of the sale, the executive vice president now directly owns 71,248 shares in the company, valued at $10,716,411.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Victor Kaufman sold 119,575 shares of Expedia stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $123.67, for a total transaction of $14,787,840.25. Following the sale, the insider now owns 169,575 shares of the company’s stock, valued at $20,971,340.25. The disclosure for this sale can be found here. 20.88% of the stock is owned by company 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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