KCM Investment Advisors LLC Buys New Stake in Expedia, Inc. (EXPE)
KCM Investment Advisors LLC bought a new stake in shares of Expedia, Inc. (NASDAQ:EXPE) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 1,716 shares of the online travel company’s stock, valued at approximately $256,000.
Several other institutional investors have also modified their holdings of the company. King Luther Capital Management Corp boosted its position in shares of Expedia by 143.1% during the 2nd quarter. King Luther Capital Management Corp now owns 83,012 shares of the online travel company’s stock valued at $12,365,000 after acquiring an additional 48,871 shares in the last quarter. Norinchukin Bank The boosted its position in shares of Expedia by 7.7% during the 2nd quarter. Norinchukin Bank The now owns 8,436 shares of the online travel company’s stock valued at $1,257,000 after acquiring an additional 601 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Expedia by 5.1% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,587,767 shares of the online travel company’s stock valued at $236,498,000 after acquiring an additional 76,465 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Expedia by 5.4% during the 2nd quarter. Teachers Advisors LLC now owns 587,559 shares of the online travel company’s stock valued at $87,517,000 after acquiring an additional 30,131 shares in the last quarter. Finally, WBI Investments Inc. acquired a new stake in shares of Expedia during the 2nd quarter valued at about $1,996,000. Institutional investors and hedge funds own 84.42% of the company’s stock.
In other Expedia news, CEO Dara Khosrowshahi sold 86,228 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were 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 approximately $79,922,933.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mark D. Okerstrom sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $150.41, for a total transaction 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 have sold 146,826 shares of company stock valued at $22,359,010. Company insiders own 20.95% of the company’s stock.
Several brokerages have recently weighed in on EXPE. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Expedia in a research report on Thursday. Zacks Investment Research lowered shares of Expedia from a “hold” rating to a “sell” rating in a research report on Monday, September 11th. Guggenheim restated a “buy” rating and issued a $175.00 price target (down from $190.00) on shares of Expedia in a research report on Thursday, September 7th. Royal Bank Of Canada restated an “outperform” rating and issued a $175.00 price target on shares of Expedia in a research report on Thursday, September 7th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $160.00 price target on shares of Expedia in a research report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. Expedia presently has a consensus rating of “Buy” and a consensus target price of $163.02.
Shares of Expedia, Inc. (NASDAQ EXPE) opened at 142.13 on Friday. Expedia, Inc. has a 52 week low of $105.62 and a 52 week high of $161.00. The firm has a 50-day moving average of $147.25 and a 200 day moving average of $141.20. The company has a market cap of $21.55 billion, a P/E ratio of 66.88 and a beta of 0.97.
Expedia (NASDAQ:EXPE) last released 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 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 the consensus estimate of $2.55 billion. During the same quarter in the previous year, the business posted $0.83 EPS. The firm’s revenue for the quarter was up 17.8% compared to the same quarter last year. Equities analysts anticipate that Expedia, Inc. will post $5.06 earnings per share for the current fiscal year.
The company also recently declared 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 a positive change 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 (DPR) is presently 56.87%.
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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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