Expedia, Inc. (EXPE) Position Reduced by Quadrant Capital Group LLC
Quadrant Capital Group LLC lowered its holdings in shares of Expedia, Inc. (NASDAQ:EXPE) by 9.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 829 shares of the online travel company’s stock after selling 88 shares during the period. Quadrant Capital Group LLC’s holdings in Expedia were worth $106,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EXPE. BlackRock Inc. grew its stake 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 valued at $988,252,000 after acquiring an additional 7,612,585 shares during the period. Balyasny Asset Management LLC acquired a new stake in Expedia in the second quarter valued at approximately $107,942,000. Jennison Associates LLC grew its stake in Expedia by 17.6% in the second quarter. Jennison Associates LLC now owns 3,998,193 shares of the online travel company’s stock valued at $595,531,000 after acquiring an additional 599,037 shares during the period. Fred Alger Management Inc. acquired a new stake in Expedia in the second quarter valued at approximately $86,569,000. Finally, Artisan Partners Limited Partnership grew its stake in Expedia by 61.9% in the second quarter. Artisan Partners Limited Partnership now owns 1,437,446 shares of the online travel company’s stock valued at $214,108,000 after acquiring an additional 549,366 shares during the period. 84.38% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have commented on the company. TheStreet raised Expedia from a “c+” rating to a “b” rating in a research note on Thursday, July 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $175.00 target price (up previously from $160.00) on shares of Expedia in a research report on Friday, July 28th. Credit Suisse Group set a $175.00 target price on Expedia and gave the company a “buy” rating in a research report on Saturday, July 29th. Stifel Nicolaus reaffirmed a “hold” rating and set a $160.00 target price (up previously from $135.00) on shares of Expedia in a research report on Sunday, July 30th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $140.00 target price on shares of Expedia in a research report on Sunday, July 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $163.26.
Expedia, Inc. (EXPE) traded down 0.32% on Thursday, reaching $146.70. The company’s stock had a trading volume of 197,582 shares. The company has a market capitalization of $22.25 billion, a PE ratio of 69.04 and a beta of 0.92. Expedia, Inc. has a one year low of $111.88 and a one year high of $161.00. The firm has a 50-day moving average of $145.23 and a 200-day moving average of $143.85.
Expedia (NASDAQ:EXPE) last announced its earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter last year, the firm earned $0.83 EPS. The firm’s quarterly revenue was up 17.8% on a year-over-year basis. Analysts predict that Expedia, Inc. will post $5.00 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Tuesday, August 22nd. This is a positive change from Expedia’s previous quarterly dividend of $0.28. Expedia’s payout ratio is 56.87%.
In other Expedia news, Vice Chairman Victor Kaufman sold 35,598 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $149.29, for a total transaction of $5,314,425.42. Following the completion of the transaction, the insider now owns 167,673 shares in the company, valued at $25,031,902.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dara Khosrowshahi sold 86,228 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $154.12, for a total value of $13,289,459.36. Following the transaction, the chief executive officer now owns 518,576 shares of the company’s stock, valued at approximately $79,922,933.12. The disclosure for this sale can be found here. Insiders have sold 146,826 shares of company stock valued at $22,359,010 in the last 90 days. Company 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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