South Dakota Investment Council Sells 1,100 Shares of Expedia, Inc. (EXPE)
South Dakota Investment Council trimmed its position in shares of Expedia, Inc. (NASDAQ:EXPE) by 3.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,700 shares of the online travel company’s stock after selling 1,100 shares during the quarter. South Dakota Investment Council’s holdings in Expedia were worth $5,318,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in EXPE. Fiduciary Trust Co. acquired a new stake in shares of Expedia during the second quarter valued at about $127,000. Dupont Capital Management Corp acquired a new stake in shares of Expedia during the second quarter valued at about $143,000. State of Alaska Department of Revenue acquired a new stake in shares of Expedia during the first quarter valued at about $146,000. Bessemer Group Inc. boosted its stake in shares of Expedia by 16.6% during the second quarter. Bessemer Group Inc. now owns 1,039 shares of the online travel company’s stock valued at $155,000 after purchasing an additional 148 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its stake in shares of Expedia by 18.7% during the second quarter. CENTRAL TRUST Co now owns 1,059 shares of the online travel company’s stock valued at $158,000 after purchasing an additional 167 shares in the last quarter. 84.42% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Expedia, Inc. (NASDAQ:EXPE) traded down 1.78% during midday trading on Friday, reaching $141.41. The company had a trading volume of 1,378,157 shares. The company has a 50-day moving average price of $148.78 and a 200 day moving average price of $140.32. The company has a market capitalization of $21.44 billion, a P/E ratio of 66.55 and a beta of 0.97. Expedia, Inc. has a one year low of $105.62 and a one year high of $161.00.
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 Zacks’ consensus estimate of $0.94 by $0.05. The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Expedia had a net margin of 3.49% and a return on equity of 10.98%. The company’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.83 EPS. Equities analysts anticipate that Expedia, Inc. will post $5.04 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Tuesday, August 22nd. This is a boost from Expedia’s previous quarterly dividend of $0.28. Expedia’s dividend payout ratio (DPR) is presently 56.87%.
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A number of analysts have recently commented on the company. Guggenheim reissued a “buy” rating and set a $175.00 price target (down from $190.00) on shares of Expedia in a research note on Thursday. Royal Bank Of Canada reissued an “outperform” rating and set a $175.00 price target on shares of Expedia in a research note on Thursday. Stifel Nicolaus reissued a “hold” rating and set a $160.00 price target on shares of Expedia in a research note on Thursday. Piper Jaffray Companies reissued a “buy” rating and set a $173.00 price target on shares of Expedia in a research note on Thursday, August 31st. Finally, SunTrust Banks, Inc. reissued a “buy” rating and set a $190.00 price target on shares of Expedia in a research note on Monday, August 28th. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. Expedia currently has a consensus rating of “Buy” and a consensus price target of $163.02.
In other Expedia news, CEO Dara Khosrowshahi sold 86,228 shares of Expedia 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 owns 518,576 shares in the company, valued at $79,922,933.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark D. Okerstrom sold 12,500 shares of Expedia stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $150.41, for a total value of $1,880,125.00. Following the transaction, the executive vice president now owns 71,248 shares of the company’s stock, valued at approximately $10,716,411.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 146,826 shares of company stock valued at $22,359,010. 20.95% of the stock is currently owned by company insiders.
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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