Expedia, Inc. (EXPE) Shares Sold by Scout Investments Inc.
Scout Investments Inc. reduced its stake in Expedia, Inc. (NASDAQ:EXPE) by 24.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 104,947 shares of the online travel company’s stock after selling 33,780 shares during the period. Scout Investments Inc. owned approximately 0.07% of Expedia worth $15,632,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dupont Capital Management Corp purchased a new position in Expedia during the second quarter valued at $143,000. State of Alaska Department of Revenue purchased a new position in Expedia during the first quarter valued at $146,000. 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. 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. Finally, Point72 Asia Hong Kong Ltd boosted its position in Expedia by 6,905.6% in the first quarter. Point72 Asia Hong Kong Ltd now owns 1,261 shares of the online travel company’s stock valued at $159,000 after buying an additional 1,243 shares during the last quarter. 84.42% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Expedia, Inc. (NASDAQ:EXPE) opened at 148.36 on Friday. Expedia, Inc. has a one year low of $105.62 and a one year high of $161.00. The stock has a market capitalization of $22.50 billion, a price-to-earnings ratio of 69.82 and a beta of 0.92. The firm has a 50-day moving average of $150.14 and a 200 day moving average of $139.42.
Expedia (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, July 27th. The online travel company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.94 by $0.05. The firm had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. Expedia had a net margin of 3.49% and a return on equity of 10.98%. The business’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.83 earnings per share. On average, equities research analysts predict that Expedia, Inc. will post $5.07 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.81%. This is an increase from Expedia’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Tuesday, August 22nd. Expedia’s dividend payout ratio is presently 56.87%.
Several research analysts have recently weighed in on the stock. MKM Partners reaffirmed a “buy” rating and issued a $165.00 price target (up previously from $145.00) on shares of Expedia in a report on Monday, May 8th. Zacks Investment Research cut shares of Expedia from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $173.00 price target on shares of Expedia in a report on Thursday. Cowen and Company reaffirmed an “outperform” rating and issued a $160.00 price target on shares of Expedia in a report on Friday, June 16th. Finally, UBS AG reissued a “buy” rating and issued a $178.00 target price (up previously from $155.00) on shares of Expedia in a research note on Monday, July 31st. Six research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $162.60.
In other Expedia news, Vice Chairman Victor Kaufman sold 35,598 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $149.29, for a total value of $5,314,425.42. Following the completion of the sale, the insider now directly owns 167,673 shares of the company’s stock, valued at approximately $25,031,902.17. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Dara Khosrowshahi sold 86,228 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $154.12, for a total transaction of $13,289,459.36. Following the completion of the sale, 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. Insiders have sold a total of 146,826 shares of company stock worth $22,359,010 over the last quarter. 20.95% of the stock is currently owned by insiders.
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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