RKL Wealth Management LLC Takes Position in Expedia, Inc. (EXPE)
RKL Wealth Management LLC purchased a new position in Expedia, Inc. (NASDAQ:EXPE) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,766 shares of the online travel company’s stock, valued at approximately $264,000.
Several other institutional investors have also made changes to their positions in the business. Swiss National Bank grew its holdings in shares of Expedia by 2.9% during the second quarter. Swiss National Bank now owns 450,370 shares of the online travel company’s stock worth $67,083,000 after buying an additional 12,700 shares in the last quarter. Cornerstone Capital Management Holdings LLC. grew its holdings in shares of Expedia by 7.7% during the first quarter. Cornerstone Capital Management Holdings LLC. now owns 309,948 shares of the online travel company’s stock worth $39,105,000 after buying an additional 22,056 shares in the last quarter. OZ Management LP bought a new position in shares of Expedia during the second quarter worth about $1,892,000. Hartwell J M Limited Partnership grew its holdings in shares of Expedia by 229.1% during the second quarter. Hartwell J M Limited Partnership now owns 28,975 shares of the online travel company’s stock worth $4,316,000 after buying an additional 20,170 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Expedia by 14.9% during the second quarter. Franklin Resources Inc. now owns 663,900 shares of the online travel company’s stock worth $98,888,000 after buying an additional 86,000 shares in the last quarter. Institutional investors own 84.37% of the company’s stock.
Expedia, Inc. (NASDAQ:EXPE) traded down 1.041% during mid-day trading on Thursday, reaching $144.055. The company had a trading volume of 263,926 shares. The stock has a market capitalization of $21.84 billion, a PE ratio of 67.791 and a beta of 0.97. Expedia, Inc. has a one year low of $108.50 and a one year high of $161.00. The company’s 50-day moving average is $146.32 and its 200-day moving average is $141.84.
Expedia (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, July 27th. The online travel company reported $0.89 EPS for the quarter, missing the 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%. Expedia’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.83 EPS. Equities research analysts anticipate that Expedia, Inc. will post $5.02 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $1.20 annualized dividend and a dividend yield of 0.82%. This is an increase from Expedia’s previous quarterly dividend of $0.28. Expedia’s dividend payout ratio is currently 56.87%.
A number of research analysts recently issued reports on the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $175.00 price objective on shares of Expedia in a report on Thursday, September 7th. Guggenheim reiterated a “buy” rating and set a $175.00 price objective (down from $190.00) on shares of Expedia in a report on Thursday, September 7th. Zacks Investment Research downgraded Expedia from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Piper Jaffray Companies reiterated a “buy” rating and set a $173.00 price objective on shares of Expedia in a report on Thursday, August 31st. Finally, Cowen and Company reiterated an “outperform” rating and set a $160.00 price objective on shares of Expedia in a report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. Expedia presently has a consensus rating of “Buy” and a consensus price target of $163.26.
In other Expedia news, CEO Dara Khosrowshahi sold 86,228 shares of the 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 sale, the chief executive officer now owns 518,576 shares in the company, valued at $79,922,933.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mark D. Okerstrom sold 12,500 shares of the stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $150.41, for a total value of $1,880,125.00. Following the sale, the executive vice president now owns 71,248 shares in the company, 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 worth $22,359,010. Company insiders own 20.95% of the company’s stock.
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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