Morningstar Investment Services LLC Buys 229 Shares of Expedia, Inc. (EXPE)
Morningstar Investment Services LLC increased its position in shares of Expedia, Inc. (NASDAQ:EXPE) by 4.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,339 shares of the online travel company’s stock after buying an additional 229 shares during the period. Morningstar Investment Services LLC’s holdings in Expedia were worth $795,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Macquarie Group Ltd. raised its position in shares of Expedia by 345.3% in the fourth quarter. Macquarie Group Ltd. now owns 11,800 shares of the online travel company’s stock worth $1,337,000 after buying an additional 9,150 shares in the last quarter. Gulf International Bank UK Ltd raised its position in shares of Expedia by 1.1% in the first quarter. Gulf International Bank UK Ltd now owns 37,164 shares of the online travel company’s stock worth $4,688,000 after buying an additional 400 shares in the last quarter. National Pension Service raised its position in shares of Expedia by 4.5% in the first quarter. National Pension Service now owns 112,070 shares of the online travel company’s stock worth $14,509,000 after buying an additional 4,825 shares in the last quarter. Bank of Montreal Can raised its position in shares of Expedia by 122.9% in the first quarter. Bank of Montreal Can now owns 198,215 shares of the online travel company’s stock worth $25,010,000 after buying an additional 109,282 shares in the last quarter. Finally, Hartwell J M Limited Partnership acquired a new position in shares of Expedia during the first quarter worth $1,111,000. 81.22% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Expedia, Inc. (NASDAQ:EXPE) opened at 147.58 on Tuesday. The firm has a market capitalization of $22.38 billion, a P/E ratio of 69.45 and a beta of 0.92. The stock’s 50 day moving average price is $151.39 and its 200 day moving average price is $137.38. Expedia, Inc. has a 52 week low of $105.62 and a 52 week high of $161.00.
Expedia (NASDAQ:EXPE) last announced its 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 during the quarter, compared to the consensus estimate of $2.55 billion. Expedia had a return on equity of 10.98% and a net margin of 3.49%. The business’s revenue was up 17.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.83 EPS. On average, analysts predict that Expedia, Inc. will post $5.11 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Tuesday, August 22nd. This is an increase from Expedia’s previous quarterly dividend of $0.28. Expedia’s dividend payout ratio (DPR) is 53.08%.
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A number of research analysts have weighed in on EXPE shares. JMP Securities reissued an “outperform” rating and set a $155.00 price target (up previously from $142.00) on shares of Expedia in a research note on Tuesday, May 2nd. Zacks Investment Research raised Expedia from a “sell” rating to a “hold” rating in a research note on Wednesday, April 26th. Cantor Fitzgerald increased their price target on Expedia from $175.00 to $178.00 and gave the stock an “overweight” rating in a research note on Friday, April 28th. Benchmark Co. reissued a “buy” rating and set a $165.00 price target on shares of Expedia in a research note on Friday, April 28th. Finally, Credit Suisse Group set a $175.00 price target on Expedia and gave the stock a “buy” rating in a research note on Saturday, July 29th. Eight research analysts have rated the stock with a hold rating, nineteen have issued 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 $159.73.
In related news, Vice Chairman Victor Kaufman sold 35,598 shares of Expedia stock in a transaction on 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 transaction, the insider now owns 167,673 shares in the company, valued at approximately $25,031,902.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lance A. Soliday sold 2,544 shares of Expedia stock in a transaction on Friday, May 19th. The stock was sold at an average price of $142.30, for a total transaction of $362,011.20. Following the completion of the transaction, the insider now owns 4,815 shares in the company, valued at approximately $685,174.50. The disclosure for this sale can be found here. Insiders sold a total of 136,870 shares of company stock worth $20,840,896 in the last quarter. Insiders own 20.88% 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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