Expedia, Inc. (EXPE) Holdings Maintained by Employees Retirement System of Texas
Employees Retirement System of Texas held its position in shares of Expedia, Inc. (NASDAQ:EXPE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,000 shares of the online travel company’s stock at the close of the second quarter. Employees Retirement System of Texas’ holdings in Expedia were worth $745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of the company. UBS Oconnor LLC grew its stake in shares of Expedia by 340.3% in the 2nd quarter. UBS Oconnor LLC now owns 178,826 shares of the online travel company’s stock valued at $26,636,000 after buying an additional 138,216 shares during the period. HighTower Advisors LLC boosted its stake in Expedia by 152.2% during the 2nd quarter. HighTower Advisors LLC now owns 6,634 shares of the online travel company’s stock valued at $987,000 after purchasing an additional 4,004 shares during the last quarter. First Allied Advisory Services Inc. boosted its stake in Expedia by 1.3% during the 2nd quarter. First Allied Advisory Services Inc. now owns 2,763 shares of the online travel company’s stock valued at $412,000 after purchasing an additional 35 shares during the last quarter. Balyasny Asset Management LLC acquired a new position in Expedia during the 2nd quarter valued at about $107,942,000. Finally, Carnegie Capital Asset Management LLC boosted its stake in Expedia by 88.8% during the 2nd quarter. Carnegie Capital Asset Management LLC now owns 4,720 shares of the online travel company’s stock valued at $724,000 after purchasing an additional 2,220 shares during the last quarter. 84.34% of the stock is owned by hedge funds and other institutional investors.
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EXPE has been the subject of a number of analyst reports. Stifel Nicolaus reiterated a “hold” rating and set a $160.00 price target on shares of Expedia in a research note on Thursday, September 7th. Cowen and Company reaffirmed a “buy” rating on shares of Expedia in a report on Friday, July 28th. TheStreet raised shares of Expedia from a “c+” rating to a “b” rating in a report on Thursday, July 27th. Cantor Fitzgerald reaffirmed a “hold” rating on shares of Expedia in a report on Monday, June 26th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $170.00 target price (up previously from $135.00) on shares of Expedia in a report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $163.34.
Shares of Expedia, Inc. (NASDAQ EXPE) opened at 149.14 on Wednesday. Expedia, Inc. has a 12 month low of $111.88 and a 12 month high of $161.00. The stock has a 50 day moving average of $145.11 and a 200-day moving average of $144.26. The firm has a market capitalization of $22.61 billion, a PE ratio of 70.18 and a beta of 0.92.
Expedia (NASDAQ:EXPE) last announced its earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.05). Expedia had a net margin of 3.49% and a return on equity of 10.98%. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period in the previous year, the firm posted $0.83 EPS. The company’s revenue for the quarter was up 17.8% compared to the same quarter last year. On average, equities research analysts anticipate that Expedia, Inc. will post $4.99 EPS for the current fiscal year.
In other news, EVP Mark D. Okerstrom sold 12,500 shares of the business’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $150.41, for a total transaction of $1,880,125.00. Following the completion of the sale, the executive vice president now owns 71,248 shares in the company, valued at approximately $10,716,411.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Victor Kaufman sold 35,598 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $149.29, for a total value of $5,314,425.42. Following the sale, the insider now owns 167,673 shares of the company’s stock, valued at approximately $25,031,902.17. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 146,826 shares of company stock valued at $22,359,010. Corporate insiders own 20.88% 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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