Maverick Capital Ltd. Has $6.43 Million Stake in Expedia Inc (EXPE)
Maverick Capital Ltd. grew its stake in Expedia Inc (NASDAQ:EXPE) by 127.0% in the 4th quarter, Holdings Channel reports. The firm owned 53,680 shares of the online travel company’s stock after purchasing an additional 30,030 shares during the period. Maverick Capital Ltd.’s holdings in Expedia were worth $6,429,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of EXPE. New Mexico Educational Retirement Board lifted its stake in shares of Expedia by 3.5% during the 4th quarter. New Mexico Educational Retirement Board now owns 11,728 shares of the online travel company’s stock worth $1,405,000 after acquiring an additional 400 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Expedia by 2.3% during the 3rd quarter. CIBC Asset Management Inc now owns 18,940 shares of the online travel company’s stock worth $2,726,000 after acquiring an additional 430 shares during the last quarter. Dupont Capital Management Corp lifted its stake in shares of Expedia by 90.9% during the 4th quarter. Dupont Capital Management Corp now owns 1,046 shares of the online travel company’s stock worth $125,000 after acquiring an additional 498 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Expedia by 3.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 17,611 shares of the online travel company’s stock worth $2,535,000 after acquiring an additional 556 shares during the last quarter. Finally, Prudential Financial Inc. lifted its stake in shares of Expedia by 0.3% during the 3rd quarter. Prudential Financial Inc. now owns 169,986 shares of the online travel company’s stock worth $24,468,000 after acquiring an additional 570 shares during the last quarter. 85.71% of the stock is owned by institutional investors and hedge funds.
In other news, insider Lance A. Soliday sold 2,401 shares of Expedia stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $120.37, for a total value of $289,008.37. Following the transaction, the insider now directly owns 5,744 shares in the company, valued at approximately $691,405.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 20.95% of the company’s stock.
Expedia Inc (EXPE) opened at $104.50 on Friday. Expedia Inc has a fifty-two week low of $98.52 and a fifty-two week high of $161.00. The stock has a market capitalization of $15,950.00, a price-to-earnings ratio of 45.83, a PEG ratio of 1.85 and a beta of 1.05. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.70 and a quick ratio of 0.70.
Expedia (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, February 8th. The online travel company reported $0.84 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.31). Expedia had a net margin of 3.76% and a return on equity of 9.66%. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the prior year, the business posted $1.17 earnings per share. The company’s revenue was up 10.8% compared to the same quarter last year. sell-side analysts anticipate that Expedia Inc will post 3.62 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Thursday, March 8th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, March 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.15%. Expedia’s dividend payout ratio is presently 52.63%.
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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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