Expedia, Inc. (EXPE) Shares Bought by Morningstar Investment Services LLC
Morningstar Investment Services LLC raised its stake in shares of Expedia, Inc. (NASDAQ:EXPE) by 4.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,339 shares of the online travel company’s stock after buying an additional 229 shares during the period. Morningstar Investment Services LLC’s holdings in Expedia were worth $795,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in EXPE. Dupont Capital Management Corp acquired a new position in shares of Expedia during the second quarter valued at approximately $143,000. Bessemer Group Inc. increased its position in shares of Expedia by 16.6% in the second quarter. Bessemer Group Inc. now owns 1,039 shares of the online travel company’s stock valued at $155,000 after buying an additional 148 shares during the period. CENTRAL TRUST Co increased its position in shares of Expedia by 18.7% in the second quarter. CENTRAL TRUST Co now owns 1,059 shares of the online travel company’s stock valued at $158,000 after buying an additional 167 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Expedia during the first quarter valued at approximately $146,000. Finally, Point72 Asia Hong Kong Ltd increased its position in shares of Expedia by 6,905.6% in the first quarter. Point72 Asia Hong Kong Ltd now owns 1,261 shares of the online travel company’s stock valued at $159,000 after buying an additional 1,243 shares during the period. 81.22% of the stock is currently owned by institutional investors.
Expedia, Inc. (NASDAQ EXPE) opened at 147.58 on Tuesday. The firm has a market capitalization of $22.38 billion, a price-to-earnings ratio of 69.45 and a beta of 0.92. Expedia, Inc. has a one year low of $105.62 and a one year high of $161.00. The stock has a 50 day moving average price of $151.39 and a 200-day moving average price of $137.38.
Expedia (NASDAQ:EXPE) last posted its earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by $0.05. Expedia had a net margin of 3.49% and a return on equity of 10.98%. The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same period in the previous year, the firm posted $0.83 earnings per share. The firm’s revenue for the quarter was up 17.8% on a year-over-year basis. On average, analysts predict that Expedia, Inc. will post $5.11 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.81%. The ex-dividend date is Tuesday, August 22nd. This is a boost from Expedia’s previous quarterly dividend of $0.28. Expedia’s payout ratio is 53.08%.
Several equities research analysts have weighed in on the company. Credit Suisse Group set a $151.00 target price on Expedia and gave the stock a “buy” rating in a report on Sunday, April 30th. BidaskClub cut Expedia from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Zacks Investment Research cut Expedia from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Piper Jaffray Companies reiterated an “overweight” rating and issued a $173.00 target price on shares of Expedia in a report on Friday, July 28th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $175.00 target price (up from $160.00) on shares of Expedia in a report on Friday, July 28th. Eight investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $159.73.
In related news, insider Lance A. Soliday sold 2,544 shares of the business’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $142.30, for a total value of $362,011.20. Following the transaction, the insider now owns 4,815 shares in the company, valued at approximately $685,174.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dara Khosrowshahi sold 86,228 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $154.12, for a total value of $13,289,459.36. Following the completion of the transaction, the chief executive officer now owns 518,576 shares in the company, valued at approximately $79,922,933.12. The disclosure for this sale can be found here. Insiders sold a total of 136,870 shares of company stock worth $20,840,896 in the last 90 days. 20.88% of the stock is currently owned by 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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