Shelton Capital Management Reduces Stake in Expedia, Inc. (EXPE)
Shelton Capital Management decreased its holdings in Expedia, Inc. (NASDAQ:EXPE) by 42.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,817 shares of the online travel company’s stock after selling 8,033 shares during the period. Shelton Capital Management’s holdings in Expedia were worth $1,611,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Macquarie Group Ltd. increased its holdings in shares of Expedia by 377.8% in the 2nd quarter. Macquarie Group Ltd. now owns 48,253 shares of the online travel company’s stock valued at $7,188,000 after purchasing an additional 38,153 shares during the period. TPG Group Holdings SBS Advisors Inc. grew its stake in shares of Expedia by 4.5% in the 2nd quarter. TPG Group Holdings SBS Advisors Inc. now owns 21,581 shares of the online travel company’s stock valued at $3,214,000 after buying an additional 935 shares in the last quarter. Hunt Lane Capital LP grew its stake in shares of Expedia by 16.6% in the 2nd quarter. Hunt Lane Capital LP now owns 400,000 shares of the online travel company’s stock valued at $59,580,000 after buying an additional 57,000 shares in the last quarter. Fred Alger Management Inc. bought a new stake in shares of Expedia in the 2nd quarter valued at approximately $86,569,000. Finally, Sun Life Financial INC grew its stake in shares of Expedia by 10,987.5% in the 2nd quarter. Sun Life Financial INC now owns 887 shares of the online travel company’s stock valued at $132,000 after buying an additional 879 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.
In other news, EVP Mark D. Okerstrom sold 12,500 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 71,248 shares of the company’s stock, valued at approximately $10,716,411.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Victor Kaufman sold 35,598 shares of the business’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 of the company’s stock, valued at approximately $25,031,902.17. The disclosure for this sale can be found here. Insiders have sold a total of 146,826 shares of company stock valued at $22,359,010 in the last three months. 20.95% of the stock is owned by insiders.
A number of equities research analysts have issued reports on the company. TheStreet raised Expedia from a “c+” rating to a “b” rating in a research report on Thursday, July 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $175.00 target price (up previously from $160.00) on shares of Expedia in a research report on Friday, July 28th. Credit Suisse Group AG set a $175.00 target price on Expedia and gave the stock a “buy” rating in a research report on Saturday, July 29th. Stifel Nicolaus reaffirmed a “hold” rating and set a $160.00 target price (up previously from $135.00) on shares of Expedia in a research report on Sunday, July 30th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $140.00 target price on shares of Expedia in a research report on Sunday, July 30th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. Expedia has a consensus rating of “Buy” and a consensus target price of $163.26.
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Shares of Expedia, Inc. (NASDAQ EXPE) traded down 0.21% during mid-day trading on Friday, hitting $148.10. The stock had a trading volume of 234,446 shares. The firm has a market cap of $22.46 billion, a PE ratio of 69.69 and a beta of 0.92. Expedia, Inc. has a 52 week low of $111.88 and a 52 week high of $161.00. The stock has a 50 day moving average price of $145.01 and a 200 day moving average price of $143.20.
Expedia (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, July 27th. The online travel company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.05). Expedia had a return on equity of 10.98% and a net margin of 3.49%. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the firm posted $0.83 EPS. Expedia’s quarterly revenue was up 17.8% on a year-over-year basis. Equities research analysts expect that Expedia, Inc. will post $5.00 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.81%. This is a boost from Expedia’s previous quarterly dividend of $0.28. 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.
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