Palisade Capital Management LLC NJ Buys New Position in Expedia, Inc. (EXPE)
Palisade Capital Management LLC NJ purchased a new position in Expedia, Inc. (NASDAQ:EXPE) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,500 shares of the online travel company’s stock, valued at approximately $216,000.
Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Expedia by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 12,045,217 shares of the online travel company’s stock worth $1,794,135,000 after purchasing an additional 428,656 shares during the period. BlackRock Inc. raised its holdings in shares of Expedia by 2.0% in the 2nd quarter. BlackRock Inc. now owns 7,990,536 shares of the online travel company’s stock worth $1,190,191,000 after purchasing an additional 157,847 shares during the period. Jennison Associates LLC raised its holdings in shares of Expedia by 17.6% in the 2nd quarter. Jennison Associates LLC now owns 3,998,193 shares of the online travel company’s stock worth $595,531,000 after purchasing an additional 599,037 shares during the period. FMR LLC raised its holdings in shares of Expedia by 4.8% in the 2nd quarter. FMR LLC now owns 2,481,274 shares of the online travel company’s stock worth $369,586,000 after purchasing an additional 112,581 shares during the period. Finally, Steadfast Capital Management LP raised its holdings in shares of Expedia by 15.6% in the 2nd quarter. Steadfast Capital Management LP now owns 2,041,580 shares of the online travel company’s stock worth $304,093,000 after purchasing an additional 274,760 shares during the period. 84.49% of the stock is currently owned by institutional investors.
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Expedia, Inc. (EXPE) opened at $123.05 on Monday. The company has a market cap of $18,764.39, a PE ratio of 31.00, a PEG ratio of 1.92 and a beta of 0.90. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.72 and a current ratio of 0.72. Expedia, Inc. has a one year low of $111.88 and a one year high of $161.00.
Expedia (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, October 26th. The online travel company reported $2.51 EPS for the quarter, missing the consensus estimate of $2.61 by ($0.10). The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.98 billion. Expedia had a net margin of 4.09% and a return on equity of 10.71%. The business’s revenue was up 14.9% on a year-over-year basis. During the same period last year, the company posted $2.41 earnings per share. sell-side analysts predict that Expedia, Inc. will post 3.91 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Thursday, November 16th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Wednesday, November 15th. Expedia’s dividend payout ratio (DPR) is 47.43%.
In other news, Vice Chairman Victor Kaufman sold 119,575 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $123.67, for a total transaction of $14,787,840.25. Following the completion of the transaction, the insider now directly owns 169,575 shares of the company’s stock, valued at $20,971,340.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark D. Okerstrom sold 12,500 shares of the company’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $150.41, for a total transaction of $1,880,125.00. Following the transaction, the executive vice president now directly owns 71,248 shares of the company’s stock, valued at $10,716,411.68. The disclosure for this sale can be found here. Corporate insiders own 20.88% of the company’s stock.
A number of research firms recently commented on EXPE. Needham & Company LLC lifted their price target on shares of Expedia from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, July 28th. Morgan Stanley reissued an “equal weight” rating and set a $170.00 target price (up previously from $135.00) on shares of Expedia in a report on Tuesday, July 18th. Zacks Investment Research raised shares of Expedia from a “hold” rating to a “buy” rating and set a $174.00 target price on the stock in a report on Friday, July 21st. Oppenheimer Holdings, Inc. boosted their target price on shares of Expedia from $150.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, July 19th. Finally, Cowen and Company reissued a “buy” rating on shares of Expedia in a report on Friday, July 28th. Nine research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Expedia presently has an average rating of “Buy” and a consensus target price of $159.61.
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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