Stifel Financial Corp trimmed its holdings in shares of Expedia, Inc. (NASDAQ:EXPE) by 4.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,369 shares of the online travel company’s stock after selling 5,485 shares during the period. Stifel Financial Corp owned about 0.09% of Expedia worth $19,043,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Pinebridge Investments L.P. purchased a new stake in Expedia in the 3rd quarter worth approximately $840,000. Fagan Associates Inc. grew its stake in Expedia by 6.3% in the 3rd quarter. Fagan Associates Inc. now owns 20,955 shares of the online travel company’s stock worth $3,016,000 after acquiring an additional 1,250 shares during the period. OxFORD Asset Management LLP grew its stake in Expedia by 33.7% in the 3rd quarter. OxFORD Asset Management LLP now owns 24,994 shares of the online travel company’s stock worth $3,597,000 after acquiring an additional 6,299 shares during the period. Westfield Capital Management Co. LP grew its stake in Expedia by 31.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 180,239 shares of the online travel company’s stock worth $25,944,000 after acquiring an additional 43,114 shares during the period. Finally, Commerzbank Aktiengesellschaft FI grew its stake in Expedia by 20.7% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 82,385 shares of the online travel company’s stock worth $11,858,000 after acquiring an additional 14,122 shares during the period. 84.20% of the stock is owned by institutional investors and hedge funds.
Expedia, Inc. (NASDAQ:EXPE) opened at $119.17 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.60. The firm has a market cap of $18,387.47, a price-to-earnings ratio of 30.42, a P/E/G ratio of 1.88 and a beta of 0.89. Expedia, Inc. has a 1-year low of $111.88 and a 1-year high of $161.00.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Thursday, November 16th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.01%. Expedia’s payout ratio is 47.43%.
EXPE has been the subject of several recent analyst reports. BidaskClub cut shares of Expedia from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. SunTrust Banks initiated coverage on shares of Expedia in a research note on Tuesday, August 15th. They issued a “buy” rating and a $190.00 target price for the company. Jefferies Group raised shares of Expedia from a “hold” rating to a “buy” rating and lifted their target price for the stock from $140.00 to $180.00 in a research note on Thursday, August 24th. Cowen reaffirmed a “buy” rating and issued a $170.00 target price on shares of Expedia in a research note on Sunday, August 27th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $173.00 target price on shares of Expedia in a research note on Thursday, August 31st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-one 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.
In related news, Director Dara Khosrowshahi sold 150,000 shares of Expedia stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $125.00, for a total transaction of $18,750,000.00. Following the transaction, the director now owns 522,348 shares in the company, valued at approximately $65,293,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Victor Kaufman sold 119,575 shares of Expedia stock in a transaction on 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 transaction, the insider now owns 169,575 shares in the company, valued at approximately $20,971,340.25. The disclosure for this sale can be found here. Insiders have sold a total of 352,548 shares of company stock worth $43,689,017 in the last 90 days. Company insiders own 20.95% of the company’s stock.
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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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