3,317 Shares in Expedia, Inc. (EXPE) Purchased by Haverford Financial Services Inc.
Haverford Financial Services Inc. purchased a new position in shares of Expedia, Inc. (NASDAQ:EXPE) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,317 shares of the online travel company’s stock, valued at approximately $477,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EXPE. Fuller & Thaler Asset Management Inc. acquired a new position in Expedia during the 3rd quarter worth $101,000. San Francisco Sentry Investment Group CA acquired a new position in Expedia during the 2nd quarter worth $102,000. Fiduciary Trust Co. acquired a new position in Expedia during the 2nd quarter worth $127,000. Sun Life Financial INC lifted its holdings in Expedia by 10,987.5% during the 2nd 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 Expedia by 15,833.3% during the 2nd 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. Institutional investors and hedge funds own 81.81% of the company’s stock.
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Several research analysts have issued reports on EXPE shares. Cowen Inc reaffirmed a “buy” rating on shares of Expedia in a report on Friday, July 28th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $173.00 price objective on shares of Expedia in a report on Friday, July 28th. Needham & Company LLC upped their price objective on Expedia from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, July 28th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $175.00 price objective (up previously from $160.00) on shares of Expedia in a report on Friday, July 28th. Finally, TheStreet raised Expedia from a “c+” rating to a “b” rating in a report on Thursday, July 27th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $159.61.
In related news, Vice Chairman Victor Kaufman sold 119,575 shares of the firm’s stock in a transaction 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 approximately $20,971,340.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dara Khosrowshahi sold 10,590 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $117.58, for a total value of $1,245,172.20. Following the sale, the director now directly owns 422,348 shares in the company, valued at approximately $49,659,677.84. The disclosure for this sale can be found here. Insiders have sold a total of 202,548 shares of company stock worth $24,939,017 in the last ninety days. 20.95% of the stock is currently owned by company insiders.
Shares of Expedia, Inc. (NASDAQ EXPE) opened at $126.98 on Friday. The company has a market capitalization of $19,332.96, a price-to-earnings ratio of 31.99, a P/E/G ratio of 1.98 and a beta of 0.90. Expedia, Inc. has a 12 month low of $111.88 and a 12 month 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.
Expedia (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, October 26th. The online travel company reported $2.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.61 by ($0.10). The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.98 billion. Expedia had a return on equity of 10.71% and a net margin of 4.09%. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.41 EPS. analysts expect that Expedia, Inc. will post 3.91 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Thursday, November 16th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Wednesday, November 15th. Expedia’s payout ratio is presently 47.43%.
Expedia Company Profile
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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