Expedia, Inc. (EXPE) Stake Lessened by Boston Partners
Boston Partners lowered its position in Expedia, Inc. (NASDAQ:EXPE) by 24.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 843,843 shares of the online travel company’s stock after selling 266,863 shares during the period. Boston Partners owned 0.56% of Expedia worth $121,463,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. San Francisco Sentry Investment Group CA bought a new stake in shares of Expedia in the 2nd quarter valued at $102,000. Fiduciary Trust Co. bought a new stake in shares of Expedia in the 2nd quarter valued at $127,000. Sun Life Financial INC increased its stake in shares of Expedia by 10,987.5% in the 2nd quarter. Sun Life Financial INC now owns 887 shares of the online travel company’s stock valued at $132,000 after acquiring an additional 879 shares in the last quarter. Dupont Capital Management Corp bought a new stake in shares of Expedia in the 2nd quarter valued at $143,000. Finally, Pathstone Family Office LLC increased its stake in shares of Expedia by 15,833.3% in the 2nd quarter. Pathstone Family Office LLC now owns 956 shares of the online travel company’s stock valued at $143,000 after acquiring an additional 950 shares in the last quarter. Hedge funds and other institutional investors own 84.49% of the company’s stock.
In related news, EVP Mark D. Okerstrom sold 12,500 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $150.41, for a total value of $1,880,125.00. Following the transaction, the executive vice president now directly owns 71,248 shares in the company, valued at $10,716,411.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Victor Kaufman sold 119,575 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $123.67, for a total transaction of $14,787,840.25. Following the completion of the transaction, the insider now owns 169,575 shares in the company, valued at $20,971,340.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 204,458 shares of company stock worth $25,573,970. 20.95% of the stock is owned by company insiders.
Shares of Expedia, Inc. (NASDAQ:EXPE) opened at $120.74 on Friday. Expedia, Inc. has a fifty-two week low of $111.88 and a fifty-two week high of $161.00. The stock has a market cap of $17,890.60, a PE ratio of 29.55, a PEG ratio of 1.83 and a beta of 0.90. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.72 and a quick ratio of 0.72.
Expedia (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, October 26th. The online travel company reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.61 by ($0.10). The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Expedia had a return on equity of 10.71% and a net margin of 4.09%. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.41 earnings per share. research analysts predict that Expedia, Inc. will post 3.91 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Thursday, November 16th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Wednesday, November 15th. Expedia’s dividend payout ratio (DPR) is 47.43%.
Several analysts have recently weighed in on EXPE shares. Credit Suisse Group set a $147.00 price objective on shares of Expedia and gave the company a “hold” rating in a research note on Friday, October 27th. UBS AG reiterated a “buy” rating and issued a $154.00 price objective (down previously from $170.00) on shares of Expedia in a research note on Friday, October 27th. Deutsche Bank AG reiterated a “buy” rating and issued a $171.00 price objective (down previously from $175.00) on shares of Expedia in a research note on Tuesday, October 24th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $190.00 price objective on shares of Expedia in a research note on Monday, August 28th. Finally, Cowen and Company set a $158.00 price objective on shares of Expedia and gave the company a “buy” rating in a research note on Thursday, October 12th. Nine analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $159.61.
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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