Expedia, Inc. (EXPE) Shares Sold by Migdal Insurance & Financial Holdings Ltd.
Migdal Insurance & Financial Holdings Ltd. lowered its holdings in Expedia, Inc. (NASDAQ:EXPE) by 43.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,599 shares of the online travel company’s stock after selling 36,456 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Expedia were worth $6,941,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its position in Expedia by 3.7% in the second quarter. Vanguard Group Inc. now owns 12,045,217 shares of the online travel company’s stock worth $1,794,135,000 after purchasing an additional 428,656 shares during the last quarter. BlackRock Inc. boosted its position in Expedia by 2.0% in the second quarter. BlackRock Inc. now owns 7,990,536 shares of the online travel company’s stock worth $1,190,191,000 after purchasing an additional 157,847 shares during the last quarter. Jennison Associates LLC boosted its position in 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 during the last quarter. FMR LLC boosted its position in Expedia by 4.8% in the second quarter. FMR LLC now owns 2,481,274 shares of the online travel company’s stock worth $369,586,000 after purchasing an additional 112,581 shares during the last quarter. Finally, Steadfast Capital Management LP boosted its position in Expedia by 15.6% in the second quarter. Steadfast Capital Management LP now owns 2,041,580 shares of the online travel company’s stock worth $304,093,000 after purchasing an additional 274,760 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.
In related news, Vice Chairman Victor Kaufman sold 35,598 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 167,673 shares in the company, valued at $25,031,902.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dara Khosrowshahi sold 86,228 shares of the business’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 value of $13,289,459.36. Following the completion of the sale, the chief executive officer now 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. Insiders sold 146,826 shares of company stock valued at $22,359,010 in the last quarter. 20.95% of the stock is owned by company insiders.
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Expedia, Inc. (NASDAQ EXPE) traded down 0.28% during trading on Friday, reaching $147.99. The company had a trading volume of 1,240,850 shares. The company has a market capitalization of $22.44 billion, a PE ratio of 69.64 and a beta of 0.92. Expedia, Inc. has a one year low of $111.88 and a one year high of $161.00. The firm’s 50 day moving average is $145.12 and its 200 day moving average is $143.33.
Expedia (NASDAQ:EXPE) last released its 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). The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. Expedia had a net margin of 3.49% and a return on equity of 10.98%. The company’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.83 EPS. On average, equities research analysts predict that Expedia, Inc. will post $5.00 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, August 24th were issued a $0.30 dividend. 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 dividend on an annualized basis and a dividend yield of 0.81%. Expedia’s payout ratio is presently 56.87%.
EXPE has been the topic of several research analyst reports. Zacks Investment Research cut Expedia from a “hold” rating to a “sell” rating in a research report on Monday, September 11th. Cowen and Company reissued a “buy” rating and issued a $170.00 price objective on shares of Expedia in a research report on Sunday, August 27th. Deutsche Bank AG reissued a “buy” rating and issued a $175.00 price objective (up previously from $158.00) on shares of Expedia in a research report on Wednesday, July 26th. Morgan Stanley reissued an “equal weight” rating and issued a $170.00 price objective (up previously from $135.00) on shares of Expedia in a research report on Tuesday, July 18th. Finally, SunTrust Banks, Inc. reissued a “buy” rating and issued a $190.00 price objective on shares of Expedia in a research report on Monday, August 28th. 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 assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $163.26.
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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