Nepsis Capital Management Inc. Reduces Stake in Expedia Inc. (EXPE)
Nepsis Capital Management Inc. lowered its position in Expedia Inc. (NASDAQ:EXPE) by 4.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,315 shares of the online travel company’s stock after selling 2,237 shares during the period. Expedia accounts for 2.9% of Nepsis Capital Management Inc.’s portfolio, making the stock its 20th largest position. Nepsis Capital Management Inc.’s holdings in Expedia were worth $5,289,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of Expedia by 13.3% in the second quarter. JPMorgan Chase & Co. now owns 4,092,152 shares of the online travel company’s stock worth $434,995,000 after buying an additional 479,617 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of Expedia by 3.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,101,264 shares of the online travel company’s stock worth $329,664,000 after buying an additional 93,900 shares during the period. Ameriprise Financial Inc. raised its position in shares of Expedia by 186.7% in the second quarter. Ameriprise Financial Inc. now owns 2,166,442 shares of the online travel company’s stock worth $230,298,000 after buying an additional 1,410,890 shares during the period. Coatue Management LLC raised its position in shares of Expedia by 32.6% in the second quarter. Coatue Management LLC now owns 2,034,943 shares of the online travel company’s stock worth $216,315,000 after buying an additional 500,674 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Expedia by 6.6% in the second quarter. Bank of New York Mellon Corp now owns 1,220,568 shares of the online travel company’s stock worth $129,747,000 after buying an additional 75,332 shares during the period. Institutional investors and hedge funds own 83.07% of the company’s stock.
Expedia Inc. (NASDAQ:EXPE) traded up 0.63% during trading on Monday, reaching $126.46. The company’s stock had a trading volume of 1,551,592 shares. The stock’s 50-day moving average is $122.72 and its 200 day moving average is $114.37. Expedia Inc. has a 52-week low of $88.40 and a 52-week high of $133.55. The firm has a market capitalization of $18.97 billion, a price-to-earnings ratio of 100.52 and a beta of 0.77.
Expedia (NASDAQ:EXPE) last announced its earnings results on Thursday, October 27th. The online travel company reported $2.41 EPS for the quarter, beating the consensus estimate of $2.24 by $0.17. Expedia had a return on equity of 10.39% and a net margin of 2.11%. The business earned $2.58 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the prior year, the business posted $2.07 earnings per share. Expedia’s revenue was up 33.2% compared to the same quarter last year. On average, analysts predict that Expedia Inc. will post $4.76 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.82%. The ex-dividend date is Tuesday, November 15th. Expedia’s dividend payout ratio is currently 92.86%.
A number of research firms recently weighed in on EXPE. Zacks Investment Research lowered shares of Expedia from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. RBC Capital Markets reiterated an “outperform” rating and issued a $165.00 price objective on shares of Expedia in a research report on Wednesday, November 2nd. Barclays PLC lifted their price objective on shares of Expedia from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, July 29th. Evercore ISI reiterated a “hold” rating and issued a $125.00 price objective on shares of Expedia in a research report on Tuesday, July 26th. Finally, Vetr upgraded shares of Expedia from a “buy” rating to a “strong-buy” rating and set a $134.00 price objective on the stock in a research report on Tuesday, November 15th. Nine investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Expedia presently has a consensus rating of “Buy” and an average price target of $134.10.
In other news, EVP Robert J. Dzielak sold 11,260 shares of the firm’s stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $130.00, for a total transaction of $1,463,800.00. Following the completion of the sale, the executive vice president now directly owns 25,282 shares of the company’s stock, valued at approximately $3,286,660. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lance A. Soliday sold 1,500 shares of the firm’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $111.00, for a total value of $166,500.00. Following the sale, the insider now directly owns 2,915 shares of the company’s stock, valued at $323,565. The disclosure for this sale can be found here. 20.95% of the stock is owned by corporate insiders.
Expedia Company Profile
Expedia, Inc is an online travel company. The Company makes travel products and services available, on a standalone and package basis, provided by various lodging properties, airlines, car rental companies, destination service providers, cruise lines and other travel product and service companies. Its Core OTA segment provides a range of travel and advertising services, 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, Venere, Wotif Group, CarRentals.com, and Classic Vacations.
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