TIAA CREF Investment Management LLC Increases Stake in Expedia, Inc. (EXPE)
TIAA CREF Investment Management LLC lifted its stake in shares of Expedia, Inc. (NASDAQ:EXPE) by 5.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,587,767 shares of the online travel company’s stock after purchasing an additional 76,465 shares during the quarter. TIAA CREF Investment Management LLC owned about 1.05% of Expedia worth $236,498,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Fiduciary Trust Co. acquired a new stake in shares of Expedia during the 2nd quarter worth approximately $127,000. Dupont Capital Management Corp acquired a new stake in shares of Expedia during the 2nd quarter worth approximately $143,000. Bessemer Group Inc. raised its position in shares of Expedia by 16.6% during the 2nd quarter. Bessemer Group Inc. now owns 1,039 shares of the online travel company’s stock worth $155,000 after purchasing an additional 148 shares during the period. CENTRAL TRUST Co raised its position in shares of Expedia by 18.7% during the 2nd quarter. CENTRAL TRUST Co now owns 1,059 shares of the online travel company’s stock worth $158,000 after purchasing an additional 167 shares during the period. Finally, Point72 Asia Hong Kong Ltd raised its position in shares of Expedia by 6,905.6% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 1,261 shares of the online travel company’s stock worth $159,000 after purchasing an additional 1,243 shares during the period. Institutional investors and hedge funds own 84.42% of the company’s stock.
WARNING: This piece was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2017/09/13/tiaa-cref-investment-management-llc-increases-stake-in-expedia-inc-expe.html.
In other news, CEO Dara Khosrowshahi sold 86,228 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $79,922,933.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark D. Okerstrom sold 12,500 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $150.00, for a total transaction of $1,875,000.00. Following the completion of the transaction, the executive vice president now directly owns 71,248 shares of the company’s stock, valued at approximately $10,687,200. The disclosure for this sale can be found here. Insiders sold a total of 146,826 shares of company stock valued at $22,359,010 in the last three months. 20.88% of the stock is owned by company insiders.
Several analysts recently commented on EXPE shares. Stifel Nicolaus restated a “hold” rating and issued a $160.00 target price on shares of Expedia in a research report on Thursday, September 7th. Cowen and Company restated a “buy” rating on shares of Expedia in a research report on Friday, July 28th. TheStreet upgraded Expedia from a “c+” rating to a “b” rating in a research report on Thursday, July 27th. Cantor Fitzgerald restated a “hold” rating on shares of Expedia in a research report on Monday, June 26th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $170.00 target price (up from $135.00) on shares of Expedia in a research report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $163.02.
Expedia, Inc. (EXPE) traded up 0.17% during mid-day trading on Wednesday, hitting $145.61. The stock had a trading volume of 223,530 shares. Expedia, Inc. has a 1-year low of $105.62 and a 1-year high of $161.00. The company has a 50-day moving average price of $148.50 and a 200 day moving average price of $140.80. The company has a market cap of $22.08 billion, a P/E ratio of 68.52 and a beta of 0.97.
Expedia (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share (EPS) for the quarter, missing the 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 analyst estimates of $2.55 billion. During the same period last year, the firm earned $0.83 EPS. Expedia’s quarterly revenue was up 17.8% on a year-over-year basis. Equities research analysts forecast that Expedia, Inc. will post $5.06 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be issued a $0.30 dividend. This is a positive change from Expedia’s previous quarterly dividend of $0.28. The ex-dividend date is Tuesday, August 22nd. This represents a $1.20 annualized dividend and a dividend yield of 0.83%. Expedia’s payout ratio is 56.87%.
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.
Receive News & Stock Ratings for Expedia Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expedia Inc. and related stocks with our FREE daily email newsletter.