Brown Capital Management LLC Has $1.02 Million Stake in Expedia, Inc. (EXPE)
Brown Capital Management LLC increased its position in shares of Expedia, Inc. (NASDAQ:EXPE) by 78.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,053 shares of the online travel company’s stock after buying an additional 3,550 shares during the period. Brown Capital Management LLC’s holdings in Expedia were worth $1,016,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the stock. Creative Planning increased its stake in Expedia by 19.1% in the first quarter. Creative Planning now owns 10,412 shares of the online travel company’s stock worth $1,314,000 after buying an additional 1,667 shares during the last quarter. Comerica Bank increased its stake in shares of Expedia by 6.9% in the fourth quarter. Comerica Bank now owns 35,381 shares of the online travel company’s stock valued at $4,204,000 after buying an additional 2,285 shares in the last quarter. National Pension Service increased its stake in shares of Expedia by 4.5% in the first quarter. National Pension Service now owns 112,070 shares of the online travel company’s stock valued at $14,509,000 after buying an additional 4,825 shares in the last quarter. Marcus Capital LLC increased its stake in shares of Expedia by 0.7% in the third quarter. Marcus Capital LLC now owns 24,300 shares of the online travel company’s stock valued at $2,836,000 after buying an additional 175 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of Expedia by 27.4% in the first quarter. Swiss National Bank now owns 437,670 shares of the online travel company’s stock valued at $55,221,000 after buying an additional 94,100 shares in the last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.
Shares of Expedia, Inc. (EXPE) traded up 0.36% during mid-day trading on Friday, reaching $146.21. The company had a trading volume of 1,734,305 shares. Expedia, Inc. has a one year low of $96.58 and a one year high of $150.62. The company has a market capitalization of $22.07 billion, a price-to-earnings ratio of 74.22 and a beta of 0.93. The company has a 50 day moving average price of $142.95 and a 200 day moving average price of $127.86.
Expedia (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, April 27th. The online travel company reported ($0.15) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.15. Expedia had a net margin of 3.36% and a return on equity of 11.01%. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the previous year, the firm posted $0.09 earnings per share. The company’s revenue was up 15.0% on a year-over-year basis. On average, analysts anticipate that Expedia, Inc. will post $5.29 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, May 25th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Tuesday, May 23rd. Expedia’s dividend payout ratio is presently 57.14%.
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EXPE has been the subject of several research reports. Needham & Company LLC reiterated a “buy” rating and issued a $140.00 target price on shares of Expedia in a research report on Thursday, February 16th. Stifel Nicolaus reiterated a “buy” rating and issued a $133.00 target price (up from $130.00) on shares of Expedia in a research report on Thursday, February 16th. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $150.00 target price (up from $143.00) on shares of Expedia in a research report on Thursday, February 16th. Evercore ISI reiterated an “overweight” rating on shares of Expedia in a research report on Monday, February 27th. Finally, Citigroup Inc. raised Expedia from a “sell” rating to a “neutral” rating and set a $130.00 price target for the company in a research note on Friday, March 3rd. Eight research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Expedia presently has an average rating of “Buy” and an average target price of $147.25.
In related news, insider Lance A. Soliday sold 2,544 shares of Expedia stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $142.30, for a total transaction of $362,011.20. Following the transaction, the insider now directly owns 4,815 shares of the company’s stock, valued at $685,174.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Susan C. Athey sold 670 shares of Expedia stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $138.59, for a total transaction of $92,855.30. The disclosure for this sale can be found here. Insiders have sold 38,043 shares of company stock valued at $5,330,777 in the last ninety days. Insiders own 20.95% of the company’s stock.
Expedia Company Profile
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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