Janus Henderson Group PLC Increases Holdings in Expedia, Inc. (EXPE)
Janus Henderson Group PLC raised its holdings in shares of Expedia, Inc. (NASDAQ:EXPE) by 40.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 552,372 shares of the online travel company’s stock after purchasing an additional 159,345 shares during the quarter. Janus Henderson Group PLC owned approximately 0.36% of Expedia worth $79,505,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the business. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Expedia during the third quarter worth $101,000. San Francisco Sentry Investment Group CA acquired a new stake in shares of Expedia during the second quarter worth $102,000. Fiduciary Trust Co. acquired a new stake in shares of Expedia during the second quarter worth $127,000. Sun Life Financial INC lifted its holdings in shares of Expedia by 10,987.5% during the second quarter. Sun Life Financial INC now owns 887 shares of the online travel company’s stock worth $132,000 after buying an additional 879 shares in the last quarter. Finally, Pathstone Family Office LLC lifted its holdings in shares of Expedia by 15,833.3% during the second quarter. Pathstone Family Office LLC now owns 956 shares of the online travel company’s stock worth $143,000 after buying an additional 950 shares in the last quarter. 84.20% of the stock is owned by institutional investors and hedge funds.
In other Expedia news, Director Dara Khosrowshahi sold 150,000 shares of Expedia stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $125.00, for a total value of $18,750,000.00. Following the transaction, the director now owns 522,348 shares in the company, valued at $65,293,500. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Victor Kaufman sold 119,575 shares of Expedia stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $123.67, for a total value of $14,787,840.25. Following the completion of the transaction, the insider now owns 169,575 shares in the company, valued at approximately $20,971,340.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 352,548 shares of company stock worth $43,689,017. Company insiders own 20.95% of the company’s stock.
Expedia (NASDAQ:EXPE) last released its earnings results on Thursday, October 26th. The online travel company reported $2.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.61 by ($0.10). Expedia had a net margin of 4.09% and a return on equity of 10.71%. The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the prior year, the firm earned $2.41 EPS. The business’s revenue was up 14.9% on a year-over-year basis. equities analysts expect that Expedia, Inc. will post 3.91 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 7th. Shareholders of record on Thursday, November 16th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Wednesday, November 15th. Expedia’s dividend payout ratio is presently 47.43%.
EXPE has been the subject of a number of research reports. Citigroup reissued a “buy” rating and set a $170.00 target price (down previously from $180.00) on shares of Expedia in a report on Friday, October 27th. Zacks Investment Research downgraded Expedia from a “hold” rating to a “sell” rating in a report on Monday, September 11th. Cowen reissued a “buy” rating and set a $170.00 target price on shares of Expedia in a report on Sunday, August 27th. Deutsche Bank reissued a “buy” rating and set a $171.00 target price (down previously from $175.00) on shares of Expedia in a report on Tuesday, October 24th. Finally, SunTrust Banks reissued a “buy” rating and set a $190.00 target price on shares of Expedia in a report on Monday, August 28th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $159.44.
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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