Columbus Circle Investors Buys 51,640 Shares of Expedia, Inc. (EXPE)
Columbus Circle Investors increased its stake in shares of Expedia, Inc. (NASDAQ:EXPE) by 26.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 250,325 shares of the online travel company’s stock after buying an additional 51,640 shares during the period. Columbus Circle Investors owned approximately 0.17% of Expedia worth $37,286,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Cleararc Capital Inc. raised its stake in Expedia by 0.5% in the first quarter. Cleararc Capital Inc. now owns 2,948 shares of the online travel company’s stock valued at $372,000 after buying an additional 16 shares during the last quarter. Blair William & Co. IL raised its stake in Expedia by 0.6% in the second quarter. Blair William & Co. IL now owns 4,998 shares of the online travel company’s stock valued at $744,000 after buying an additional 30 shares during the last quarter. Rice Hall James & Associates LLC raised its stake in Expedia by 3.0% in the first quarter. Rice Hall James & Associates LLC now owns 1,430 shares of the online travel company’s stock valued at $180,000 after buying an additional 41 shares during the last quarter. Stephens Inc. AR raised its stake in Expedia by 1.9% in the first quarter. Stephens Inc. AR now owns 2,875 shares of the online travel company’s stock valued at $363,000 after buying an additional 53 shares during the last quarter. Finally, Quantum Capital Management raised its stake in Expedia by 2.6% in the first quarter. Quantum Capital Management now owns 2,102 shares of the online travel company’s stock valued at $265,000 after buying an additional 54 shares during the last quarter. Institutional investors own 81.22% of the company’s stock.
Shares of Expedia, Inc. (EXPE) opened at 143.71 on Monday. The company’s 50-day moving average price is $150.98 and its 200-day moving average price is $137.85. Expedia, Inc. has a 12 month low of $105.62 and a 12 month high of $161.00. The company has a market cap of $21.79 billion, a P/E ratio of 67.63 and a beta of 0.92.
Expedia (NASDAQ:EXPE) last released its earnings results on Thursday, July 27th. The online travel company reported $0.89 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by $0.05. Expedia had a return on equity of 10.98% and a net margin of 3.49%. The company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the previous year, the firm earned $0.83 earnings per share. The company’s revenue for the quarter was up 17.8% compared to the same quarter last year. Equities analysts forecast that Expedia, Inc. will post $5.09 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.84%. This is a boost from Expedia’s previous quarterly dividend of $0.28. The ex-dividend date is Tuesday, August 22nd. Expedia’s payout ratio is presently 53.08%.
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Several analysts recently weighed in on the company. Credit Suisse Group set a $151.00 price target on Expedia and gave the company a “buy” rating in a report on Sunday, April 30th. SunTrust Banks, Inc. assumed coverage on Expedia in a report on Tuesday, August 15th. They set a “buy” rating and a $190.00 price target on the stock. Oppenheimer Holdings, Inc. increased their price target on Expedia from $145.00 to $150.00 and gave the company an “outperform” rating in a report on Monday, May 1st. Raymond James Financial, Inc. restated a “market perform” rating and set a $139.00 price target on shares of Expedia in a report on Thursday, May 18th. They noted that the move was a valuation call. Finally, Needham & Company LLC restated a “buy” rating on shares of Expedia in a report on Wednesday, June 21st. Eight investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $160.81.
In related news, CEO Dara Khosrowshahi sold 86,228 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $154.12, for a total transaction of $13,289,459.36. Following the completion of the transaction, the chief executive officer now directly owns 518,576 shares of the company’s stock, valued at approximately $79,922,933.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Victor Kaufman sold 35,598 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $149.29, for a total value of $5,314,425.42. Following the transaction, the insider now directly owns 167,673 shares of the company’s stock, valued at $25,031,902.17. The disclosure for this sale can be found here. Insiders have sold a total of 134,326 shares of company stock valued at $20,478,885 over the last three months. 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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