Capital One National Association Decreases Stake in Expedia, Inc. (NASDAQ:EXPE)
Capital One National Association cut its position in Expedia, Inc. (NASDAQ:EXPE) by 2.0% during the second quarter, Holdings Channel reports. The institutional investor owned 5,175 shares of the online travel company’s stock after selling 104 shares during the period. Capital One National Association’s holdings in Expedia were worth $771,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Expedia by 3,458.6% in the first quarter. BlackRock Inc. now owns 7,832,689 shares of the online travel company’s stock worth $988,252,000 after buying an additional 7,612,585 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of Expedia by 1,118.9% in the first quarter. Neuberger Berman Group LLC now owns 1,805,829 shares of the online travel company’s stock worth $227,841,000 after buying an additional 1,657,678 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Expedia by 39.9% in the first quarter. Jennison Associates LLC now owns 3,397,821 shares of the online travel company’s stock worth $428,703,000 after buying an additional 968,772 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Expedia by 14.6% in the first quarter. Wellington Management Group LLP now owns 6,000,184 shares of the online travel company’s stock worth $757,042,000 after buying an additional 764,343 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Expedia by 30.4% in the first quarter. Ameriprise Financial Inc. now owns 2,312,604 shares of the online travel company’s stock worth $291,782,000 after buying an additional 539,205 shares during the last quarter. 81.03% of the stock is owned by institutional investors and hedge funds.
Shares of Expedia, Inc. (EXPE) opened at 152.34 on Thursday. The stock has a market capitalization of $22.99 billion, a P/E ratio of 77.33 and a beta of 0.93. The company’s 50-day moving average is $145.84 and its 200 day moving average is $129.59. Expedia, Inc. has a 12 month low of $105.62 and a 12 month high of $156.39.
Expedia (NASDAQ:EXPE) last announced its earnings results on Thursday, April 27th. The online travel company reported ($0.15) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.15. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.14 billion. Expedia had a net margin of 3.36% and a return on equity of 11.01%. The firm’s revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.09 earnings per share. Equities research analysts predict that Expedia, Inc. will post $5.33 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, May 25th were paid a dividend of $0.28 per share. The ex-dividend date was Tuesday, May 23rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.74%. Expedia’s payout ratio is 57.14%.
A number of brokerages have recently weighed in on EXPE. Cantor Fitzgerald restated a “hold” rating on shares of Expedia in a report on Monday, June 26th. Zacks Investment Research lowered shares of Expedia from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Citigroup Inc. upgraded shares of Expedia from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $147.89 to $130.00 in a report on Wednesday, June 28th. Argus began coverage on shares of Expedia in a report on Wednesday, July 5th. They issued a “buy” rating and a $178.00 price objective for the company. Finally, Needham & Company LLC restated a “buy” rating on shares of Expedia in a report on Wednesday, June 21st. Eight research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $150.21.
In other news, Director Craig A. Jacobson sold 3,000 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $139.95, for a total transaction of $419,850.00. Following the sale, the director now owns 30,496 shares in the company, valued at $4,267,915.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert J. Dzielak sold 31,829 shares of the business’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $140.00, for a total value of $4,456,060.00. Following the sale, the executive vice president now owns 33,606 shares in the company, valued at approximately $4,704,840. The disclosure for this sale can be found here. Insiders have sold 38,043 shares of company stock worth $5,330,777 in the last 90 days. Insiders own 20.95% of the company’s stock.
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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