Mitsubishi UFJ Trust & Banking Corp Has $37.04 Million Position in Expedia, Inc. (EXPE)
Mitsubishi UFJ Trust & Banking Corp reduced its position in shares of Expedia, Inc. (NASDAQ:EXPE) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 248,676 shares of the online travel company’s stock after selling 3,002 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.16% of Expedia worth $37,040,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Dupont Capital Management Corp purchased a new position in Expedia during the second quarter worth approximately $143,000. State of Alaska Department of Revenue purchased a new position in Expedia during the first quarter worth approximately $146,000. Bessemer Group Inc. raised 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 worth $155,000 after buying an additional 148 shares during the period. CENTRAL TRUST Co raised 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 worth $158,000 after buying an additional 167 shares during the period. Finally, Point72 Asia Hong Kong Ltd raised 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 worth $159,000 after buying an additional 1,243 shares during the period. Institutional investors own 84.42% of the company’s stock.
Expedia, Inc. (EXPE) opened at 143.44 on Thursday. The stock has a market capitalization of $21.75 billion, a P/E ratio of 67.50 and a beta of 0.92. The company has a 50 day moving average of $150.80 and a 200 day moving average of $138.80. Expedia, Inc. has a 52 week low of $105.62 and a 52 week high of $161.00. Expedia also was the target of some unusual options trading on Monday. Investors bought 13,299 put options on the stock. This is an increase of approximately 440% compared to the average 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 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the company earned $0.83 EPS. The business’s revenue for the quarter was up 17.8% on a year-over-year basis. Equities analysts expect that Expedia, Inc. will post $5.10 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Tuesday, August 22nd. This is a positive change from Expedia’s previous quarterly dividend of $0.28. Expedia’s dividend payout ratio is 56.87%.
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A number of equities analysts have recently commented on EXPE shares. TheStreet upgraded shares of Expedia from a “c+” rating to a “b” rating in a research report on Thursday, July 27th. Needham & Company LLC restated a “buy” rating on shares of Expedia in a research report on Wednesday, June 21st. Cantor Fitzgerald restated a “buy” rating and issued a $178.00 price objective on shares of Expedia in a research report on Wednesday, May 31st. Argus started coverage on shares of Expedia in a research report on Wednesday, July 5th. They issued a “buy” rating and a $178.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of Expedia from a “hold” rating to a “buy” rating and set a $167.00 price objective for the company in a research report on Wednesday, July 5th. Six investment 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 company currently has an average rating of “Buy” and an average target price of $162.60.
In other news, Vice Chairman Victor Kaufman sold 35,598 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $149.29, for a total value of $5,314,425.42. Following the transaction, the insider now owns 167,673 shares of the company’s stock, valued at approximately $25,031,902.17. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Dara Khosrowshahi sold 86,228 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were 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 in the company, valued at approximately $79,922,933.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 146,826 shares of company stock worth $22,359,010. Corporate insiders own 20.95% of the company’s stock.
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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