Federated Investors Inc. PA Buys 13,211 Shares of Expedia, Inc. (EXPE)
Federated Investors Inc. PA increased its position in Expedia, Inc. (NASDAQ:EXPE) by 39.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 47,044 shares of the online travel company’s stock after buying an additional 13,211 shares during the period. Federated Investors Inc. PA’s holdings in Expedia were worth $7,007,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. CT Mason boosted its position in shares of Expedia by 362.3% in the first quarter. CT Mason now owns 25,250 shares of the online travel company’s stock worth $3,186,000 after buying an additional 19,788 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Expedia by 2.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 175,399 shares of the online travel company’s stock worth $22,130,000 after buying an additional 4,990 shares during the last quarter. Tyers Asset Management LLC boosted its position in shares of Expedia by 18.6% in the first quarter. Tyers Asset Management LLC now owns 3,056 shares of the online travel company’s stock worth $386,000 after buying an additional 480 shares during the last quarter. State Treasurer State of Michigan boosted its position in shares of Expedia by 0.3% in the first quarter. State Treasurer State of Michigan now owns 39,584 shares of the online travel company’s stock worth $4,994,000 after buying an additional 100 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Expedia during the first quarter worth about $3,662,000. 84.42% of the stock is owned by institutional investors and hedge funds.
Expedia, Inc. (NASDAQ:EXPE) opened at 143.44 on Thursday. The company has a market capitalization of $21.75 billion, a price-to-earnings ratio of 67.50 and a beta of 0.92. Expedia, Inc. has a 52-week low of $105.62 and a 52-week high of $161.00. The stock has a 50 day moving average price of $150.80 and a 200 day moving average price of $138.80. Expedia also saw some unusual options trading activity on Monday. Investors purchased 13,299 put options on the stock. This represents an increase of approximately 440% compared to the typical daily volume of 2,463 put options.
Expedia (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share (EPS) 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 company had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the prior year, the firm earned $0.83 EPS. Expedia’s quarterly revenue was up 17.8% compared to the same quarter last year. Analysts anticipate that Expedia, Inc. will post $5.10 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $1.20 annualized dividend and a yield of 0.84%. This is a positive change from Expedia’s previous quarterly dividend of $0.28. Expedia’s payout ratio is presently 56.87%.
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A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating and issued a $175.00 target price (up from $160.00) on shares of Expedia in a report on Friday, July 28th. TheStreet raised Expedia from a “c+” rating to a “b” rating in a report on Thursday, July 27th. Jefferies Group LLC reissued a “hold” rating and issued a $140.00 target price on shares of Expedia in a report on Sunday, July 30th. Credit Suisse Group set a $175.00 target price on Expedia and gave the stock a “buy” rating in a report on Saturday, July 29th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $160.00 target price (up from $135.00) on shares of Expedia in a report on Sunday, July 30th. Six analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $162.60.
In related 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 transaction of $5,314,425.42. Following the sale, the insider now owns 167,673 shares of the company’s stock, valued at $25,031,902.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dara Khosrowshahi sold 86,228 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $154.12, for a total transaction of $13,289,459.36. Following the sale, the chief executive officer now directly owns 518,576 shares in the company, 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 worth $22,359,010 in the last three months. 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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