Nomura Asset Management Co. Ltd. Boosts Stake in Expedia, Inc. (EXPE)
Nomura Asset Management Co. Ltd. lifted its position in Expedia, Inc. (NASDAQ:EXPE) by 3.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,611 shares of the online travel company’s stock after purchasing an additional 556 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Expedia were worth $2,535,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Expedia in the 3rd quarter worth about $101,000. San Francisco Sentry Investment Group CA purchased a new position in shares of Expedia in the 2nd quarter worth about $102,000. Fiduciary Trust Co. purchased a new position in shares of Expedia in the 2nd quarter worth about $127,000. Sun Life Financial INC boosted its holdings 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 worth $132,000 after purchasing an additional 879 shares in the last quarter. Finally, Pathstone Family Office LLC boosted its holdings 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 worth $143,000 after purchasing an additional 950 shares in the last quarter. Hedge funds and other institutional investors own 84.20% of the company’s stock.
Shares of Expedia, Inc. (NASDAQ:EXPE) opened at $117.83 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market capitalization of $17,895.70, a P/E ratio of 29.61, a P/E/G ratio of 1.83 and a beta of 0.89. Expedia, Inc. has a 52 week low of $111.88 and a 52 week high of $161.00.
Expedia (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, October 26th. The online travel company reported $2.51 earnings per share for the quarter, missing the consensus estimate of $2.61 by ($0.10). The company 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 business’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.41 EPS. analysts forecast that Expedia, Inc. will post 3.91 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 7th. Investors of record on Thursday, November 16th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, November 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.02%. Expedia’s payout ratio is currently 47.43%.
In other Expedia news, Vice Chairman Victor Kaufman sold 119,575 shares of the stock in a transaction 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 sale, the insider now directly owns 169,575 shares in the company, valued at approximately $20,971,340.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dara Khosrowshahi sold 10,590 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $117.58, for a total value of $1,245,172.20. Following the sale, the director now owns 422,348 shares in the company, valued at $49,659,677.84. The disclosure for this sale can be found here. Insiders sold a total of 352,548 shares of company stock worth $43,689,017 in the last 90 days. 20.88% of the stock is currently owned by company insiders.
A number of equities research analysts have recently weighed in on the company. Bank of America reissued a “buy” rating and issued a $178.00 target price (down previously from $187.00) on shares of Expedia in a research note on Tuesday, September 26th. MKM Partners reissued a “neutral” rating and issued a $145.00 target price (down previously from $170.00) on shares of Expedia in a research note on Thursday, December 7th. Argus lowered Expedia from a “buy” rating to a “hold” rating and set a $178.00 target price for the company. in a research note on Tuesday, December 5th. Needham & Company LLC reissued a “buy” rating and issued a $180.00 target price on shares of Expedia in a research note on Thursday, September 28th. Finally, BidaskClub lowered Expedia from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 2nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $159.44.
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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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