Expedia, Inc. (EXPE) Shares Bought by Amalgamated Bank
Amalgamated Bank lifted its stake in Expedia, Inc. (NASDAQ:EXPE) by 57.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,288 shares of the online travel company’s stock after purchasing an additional 5,229 shares during the quarter. Amalgamated Bank’s holdings in Expedia were worth $2,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently bought and sold shares of EXPE. BlackRock Inc. lifted its position in shares of Expedia by 3,458.6% in the first quarter. BlackRock Inc. now owns 7,832,689 shares of the online travel company’s stock worth $988,252,000 after purchasing an additional 7,612,585 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of Expedia by 1,118.9% in the first quarter. Neuberger Berman Group LLC now owns 1,805,829 shares of the online travel company’s stock worth $227,841,000 after purchasing an additional 1,657,678 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Expedia by 14.6% in the first quarter. Wellington Management Group LLP now owns 6,000,184 shares of the online travel company’s stock worth $757,042,000 after purchasing an additional 764,343 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Expedia by 17.6% in the second quarter. Jennison Associates LLC now owns 3,998,193 shares of the online travel company’s stock worth $595,531,000 after purchasing an additional 599,037 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Expedia by 193.4% in the first quarter. Renaissance Technologies LLC now owns 761,459 shares of the online travel company’s stock worth $96,073,000 after purchasing an additional 501,900 shares in the last quarter. 84.37% of the stock is owned by institutional investors and hedge funds.
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Expedia, Inc. (NASDAQ:EXPE) opened at 142.13 on Monday. Expedia, Inc. has a 12 month low of $105.62 and a 12 month high of $161.00. The company has a market capitalization of $21.55 billion, a PE ratio of 66.88 and a beta of 0.97. The company has a 50-day moving average price of $147.25 and a 200 day moving average price of $141.20.
Expedia (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, July 27th. The online travel company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.05). The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. Expedia had a return on equity of 10.98% and a net margin of 3.49%. Expedia’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.83 earnings per share. On average, equities research analysts forecast that Expedia, Inc. will post $5.06 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th were paid a $0.30 dividend. This is a boost 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 dividend yield of 0.84%. Expedia’s dividend payout ratio is presently 56.87%.
In other news, EVP Mark D. Okerstrom sold 12,500 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $150.00, for a total value of $1,875,000.00. Following the completion of the sale, the executive vice president now owns 71,248 shares of the company’s stock, valued at $10,687,200. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Dara Khosrowshahi sold 86,228 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 518,576 shares of the company’s stock, valued at approximately $79,922,933.12. The disclosure for this sale can be found here. In the last three months, insiders sold 146,826 shares of company stock valued at $22,359,010. Insiders own 20.88% of the company’s stock.
EXPE has been the subject of a number of research analyst reports. Cantor Fitzgerald reissued a “buy” rating and issued a $178.00 price target on shares of Expedia in a research report on Wednesday, May 31st. Cowen and Company reissued an “outperform” rating and issued a $160.00 price target on shares of Expedia in a research report on Friday, June 16th. Needham & Company LLC reissued a “buy” rating on shares of Expedia in a research report on Wednesday, June 21st. Citigroup Inc. raised shares of Expedia from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $147.89 to $130.00 in a research report on Wednesday, June 28th. Finally, Zacks Investment Research raised shares of Expedia from a “hold” rating to a “buy” rating and set a $167.00 price target for the company in a research report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $163.02.
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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