Addison Capital Co Trims Position in Expedia, Inc. (EXPE)
Addison Capital Co cut its stake in Expedia, Inc. (NASDAQ:EXPE) by 6.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,807 shares of the online travel company’s stock after selling 503 shares during the period. Addison Capital Co’s holdings in Expedia were worth $815,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. San Francisco Sentry Investment Group CA acquired a new position in Expedia in the second quarter valued at $102,000. Fuller & Thaler Asset Management Inc. acquired a new position in Expedia in the third quarter valued at $101,000. Sun Life Financial INC increased its stake in Expedia by 10,987.5% in the second quarter. Sun Life Financial INC now owns 887 shares of the online travel company’s stock valued at $132,000 after purchasing an additional 879 shares during the period. Krilogy Financial LLC increased its stake in Expedia by 2,900.0% in the third quarter. Krilogy Financial LLC now owns 900 shares of the online travel company’s stock valued at $130,000 after purchasing an additional 870 shares during the period. Finally, Pathstone Family Office LLC increased its stake in Expedia by 15,833.3% in the second quarter. Pathstone Family Office LLC now owns 956 shares of the online travel company’s stock valued at $143,000 after purchasing an additional 950 shares during the period. 84.12% of the stock is owned by hedge funds and other institutional investors.
Shares of Expedia, Inc. (EXPE) traded down $0.62 on Friday, reaching $126.27. 2,296,606 shares of the company’s stock traded hands, compared to its average volume of 2,086,546. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.60. Expedia, Inc. has a one year low of $115.55 and a one year high of $161.00. The firm has a market capitalization of $19,260.00, a price-to-earnings ratio of 49.91, a P/E/G ratio of 1.79 and a beta of 0.89.
In other Expedia news, insider Lance A. Soliday sold 2,401 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $120.37, for a total transaction of $289,008.37. Following the transaction, the insider now directly owns 5,744 shares in the company, valued at $691,405.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dara Khosrowshahi sold 10,590 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $117.58, for a total transaction of $1,245,172.20. Following the transaction, the director now owns 422,348 shares in the company, valued at $49,659,677.84. The disclosure for this sale can be found here. Insiders have sold 354,949 shares of company stock worth $43,978,025 over the last 90 days. 20.95% of the stock is currently owned by company insiders.
A number of research analysts have commented on EXPE shares. Citigroup restated a “buy” rating and issued a $170.00 price objective (down from $180.00) on shares of Expedia in a research note on Friday, October 27th. Deutsche Bank restated a “buy” rating and issued a $171.00 price objective (down from $175.00) on shares of Expedia in a research note on Tuesday, October 24th. BidaskClub lowered shares of Expedia from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $155.00 price target (down from $175.00) on shares of Expedia in a research note on Friday, October 27th. Finally, Argus lowered shares of Expedia from a “buy” rating to a “hold” rating and set a $178.00 price target on the stock. in a research note on Tuesday, December 5th. Eight research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $158.62.
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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