Expedia, Inc. (EXPE) Holdings Raised by BlackRock Inc.
BlackRock Inc. raised its holdings in shares of Expedia, Inc. (NASDAQ:EXPE) by 2.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,990,536 shares of the online travel company’s stock after purchasing an additional 157,847 shares during the quarter. BlackRock Inc. owned 5.27% of Expedia worth $1,190,191,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Cleararc Capital Inc. grew its stake in Expedia by 0.5% during the 1st quarter. Cleararc Capital Inc. now owns 2,948 shares of the online travel company’s stock valued at $372,000 after purchasing an additional 16 shares in the last quarter. Merriman Wealth Management LLC grew its stake in Expedia by 1.4% during the 2nd quarter. Merriman Wealth Management LLC now owns 2,139 shares of the online travel company’s stock valued at $319,000 after purchasing an additional 29 shares in the last quarter. Blair William & Co. IL grew its stake in Expedia by 0.6% during the 2nd quarter. Blair William & Co. IL now owns 4,998 shares of the online travel company’s stock valued at $744,000 after purchasing an additional 30 shares in the last quarter. Stephens Inc. AR grew its stake in Expedia by 1.9% during the 1st quarter. Stephens Inc. AR now owns 2,875 shares of the online travel company’s stock valued at $363,000 after purchasing an additional 53 shares in the last quarter. Finally, Quantum Capital Management grew its stake in Expedia by 2.6% during the 1st quarter. Quantum Capital Management now owns 2,102 shares of the online travel company’s stock valued at $265,000 after purchasing an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 84.42% of the company’s stock.
Expedia, Inc. (NASDAQ:EXPE) opened at 142.13 on Friday. The stock’s 50 day moving average price is $147.25 and its 200 day moving average price is $141.20. Expedia, Inc. has a 12 month low of $105.62 and a 12 month high of $161.00. The firm has a market capitalization of $21.55 billion, a PE ratio of 66.88 and a beta of 0.97.
Expedia (NASDAQ:EXPE) last posted its quarterly earnings data 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 return on equity of 10.98% and a net margin of 3.49%. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the prior year, the company posted $0.83 EPS. The firm’s quarterly revenue was up 17.8% compared to the same quarter last year. Equities research analysts expect that Expedia, Inc. will post $5.06 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th were issued a dividend of $0.30 per share. This is an increase from Expedia’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $1.20 annualized dividend and a yield of 0.84%. Expedia’s dividend payout ratio is currently 56.87%.
A number of brokerages have weighed in on EXPE. Royal Bank Of Canada restated an “outperform” rating and set a $175.00 price objective (up previously from $160.00) on shares of Expedia in a research note on Friday, July 28th. TheStreet raised Expedia from a “c+” rating to a “b” rating in a report on Thursday, July 27th. Jefferies Group LLC reaffirmed a “hold” rating and set a $140.00 target price on shares of Expedia in a report on Sunday, July 30th. Credit Suisse Group set a $175.00 target price on Expedia and gave the stock a “buy” rating in a report on Saturday, July 29th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $160.00 target price (up previously from $135.00) on shares of Expedia in a report on Sunday, July 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock 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 the company’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 transaction, the chief executive officer now owns 518,576 shares of the company’s stock, valued at approximately $79,922,933.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Vice Chairman Victor Kaufman sold 35,598 shares of the company’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 in the company, valued at approximately $25,031,902.17. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 146,826 shares of company stock worth $22,359,010. Company insiders own 20.95% of the company’s stock.
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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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