Expedia, Inc. (EXPE) Shares Bought by Clinton Group Inc.
Clinton Group Inc. lifted its holdings in shares of Expedia, Inc. (NASDAQ:EXPE) by 9.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 4,191 shares of the online travel company’s stock after acquiring an additional 373 shares during the period. Clinton Group Inc.’s holdings in Expedia were worth $624,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of EXPE. Fiduciary Trust Co. purchased a new stake in shares of Expedia during the second quarter worth about $127,000. Dupont Capital Management Corp purchased a new stake in Expedia in the second quarter valued at approximately $143,000. Pathstone Family Office LLC boosted its position 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 buying an additional 950 shares during the last quarter. Bessemer Group Inc. boosted its position in Expedia by 16.6% in the second quarter. Bessemer Group Inc. now owns 1,039 shares of the online travel company’s stock valued at $155,000 after buying an additional 148 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its position in Expedia by 18.7% in the second quarter. CENTRAL TRUST Co now owns 1,059 shares of the online travel company’s stock valued at $158,000 after buying an additional 167 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.
A number of equities research analysts recently commented on the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a $175.00 target price on shares of Expedia in a research report on Thursday, September 7th. Guggenheim reiterated a “buy” rating and issued a $175.00 target price (down previously from $190.00) on shares of Expedia in a research report on Thursday, September 7th. Zacks Investment Research lowered Expedia from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $180.00 target price on shares of Expedia in a research report on Thursday, September 28th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $173.00 target price on shares of Expedia in a research report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $163.26.
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Expedia, Inc. (NASDAQ:EXPE) opened at 147.99 on Friday. The firm has a market capitalization of $22.44 billion, a P/E ratio of 69.64 and a beta of 0.92. Expedia, Inc. has a 1-year low of $111.88 and a 1-year high of $161.00. The company has a 50-day moving average price of $145.12 and a 200 day moving average price of $143.33.
Expedia (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.05). Expedia had a return on equity of 10.98% and a net margin of 3.49%. The company had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the firm earned $0.83 earnings per share. The business’s revenue was up 17.8% compared to the same quarter last year. Analysts expect that Expedia, Inc. will post $5.00 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.81%. This is a boost from Expedia’s previous quarterly dividend of $0.28. The ex-dividend date was Tuesday, August 22nd. Expedia’s payout ratio is 56.87%.
In other news, EVP Mark D. Okerstrom sold 12,500 shares of the business’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $150.41, for a total value of $1,880,125.00. Following the completion of the transaction, the executive vice president now directly owns 71,248 shares of the company’s stock, valued at $10,716,411.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Dara Khosrowshahi sold 86,228 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $154.12, for a total value of $13,289,459.36. Following the completion of the transaction, the chief executive officer now directly owns 518,576 shares of the company’s stock, valued at $79,922,933.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 146,826 shares of company stock valued at $22,359,010. 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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