Krilogy Financial LLC Has $130,000 Stake in Expedia, Inc. (EXPE)
Krilogy Financial LLC grew its position in Expedia, Inc. (NASDAQ:EXPE) by 2,900.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 900 shares of the online travel company’s stock after acquiring an additional 870 shares during the period. Krilogy Financial LLC’s holdings in Expedia were worth $130,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Swiss National Bank boosted its holdings in 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. OZ Management LP purchased a new stake in Expedia during the second quarter worth about $1,892,000. Teacher Retirement System of Texas boosted its holdings in Expedia by 1,169.4% during the third quarter. Teacher Retirement System of Texas now owns 42,487 shares of the online travel company’s stock worth $6,116,000 after buying an additional 39,140 shares in the last quarter. Stevens Capital Management LP purchased a new stake in Expedia during the third quarter worth about $4,408,000. Finally, Franklin Resources Inc. boosted its holdings in 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. 84.20% of the stock is currently owned by hedge funds and other institutional investors.
Expedia, Inc. (NASDAQ EXPE) opened at $117.83 on Tuesday. Expedia, Inc. has a 52-week low of $111.88 and a 52-week high of $161.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market cap of $17,895.70, a P/E ratio of 29.61, a P/E/G ratio of 1.83 and a beta of 0.89.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 7th. Investors of record on Thursday, November 16th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.02%. The ex-dividend date was Wednesday, November 15th. Expedia’s dividend payout ratio (DPR) is 47.43%.
In other Expedia news, Director Dara Khosrowshahi sold 10,590 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $117.58, for a total transaction of $1,245,172.20. Following the completion of the sale, the director now directly owns 422,348 shares in the company, valued at $49,659,677.84. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman Victor Kaufman sold 119,575 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $123.67, for a total transaction of $14,787,840.25. Following the sale, the insider now owns 169,575 shares of the company’s stock, valued at $20,971,340.25. The disclosure for this sale can be found here. Insiders have sold 352,548 shares of company stock valued at $43,689,017 in the last ninety days. 20.88% of the stock is currently owned by company insiders.
A number of analysts recently commented on the stock. MKM Partners reissued a “neutral” rating and set a $145.00 price objective (down previously from $170.00) on shares of Expedia in a report on Thursday, December 7th. Argus downgraded shares of Expedia from a “buy” rating to a “hold” rating and set a $178.00 price objective on the stock. in a report on Tuesday, December 5th. BidaskClub cut shares of Expedia from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 2nd. Zacks Investment Research upgraded shares of Expedia from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, J P Morgan Chase & Co cut their target price on shares of Expedia from $153.00 to $129.00 and set a “neutral” rating for the company in a research report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Expedia has a consensus rating of “Buy” and a consensus target price of $159.44.
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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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