TD Asset Management Inc. Sells 2,266 Shares of Expedia, Inc. (EXPE)
TD Asset Management Inc. lowered its holdings in shares of Expedia, Inc. (NASDAQ:EXPE) by 5.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,317 shares of the online travel company’s stock after selling 2,266 shares during the period. TD Asset Management Inc.’s holdings in Expedia were worth $5,947,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of EXPE. Strs Ohio lifted its holdings in shares of Expedia by 53.2% during the second quarter. Strs Ohio now owns 6,458 shares of the online travel company’s stock valued at $961,000 after acquiring an additional 2,243 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Expedia by 16.6% during the second quarter. Bessemer Group Inc. now owns 1,039 shares of the online travel company’s stock valued at $155,000 after acquiring an additional 148 shares during the period. Korea Investment CORP lifted its holdings in shares of Expedia by 2,911.8% during the second quarter. Korea Investment CORP now owns 14,246 shares of the online travel company’s stock valued at $2,122,000 after acquiring an additional 13,773 shares during the period. Retirement Systems of Alabama lifted its holdings in shares of Expedia by 1.1% during the second quarter. Retirement Systems of Alabama now owns 58,945 shares of the online travel company’s stock valued at $8,780,000 after acquiring an additional 666 shares during the period. Finally, Advisor Partners LLC lifted its holdings in shares of Expedia by 7.3% during the second quarter. Advisor Partners LLC now owns 1,922 shares of the online travel company’s stock valued at $286,000 after acquiring an additional 130 shares during the period. Hedge funds and other institutional investors own 84.20% of the company’s stock.
Expedia, Inc. (NASDAQ EXPE) opened at $120.77 on Wednesday. The stock has a market capitalization of $18,611.28, a PE ratio of 30.79, a PEG ratio of 1.91 and a beta of 0.89. Expedia, Inc. has a 12-month low of $111.88 and a 12-month high of $161.00. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.60.
Expedia (NASDAQ:EXPE) last posted its earnings results on Thursday, October 26th. The online travel company reported $2.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.61 by ($0.10). The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.98 billion. Expedia had a return on equity of 10.71% and a net margin of 4.09%. Expedia’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.41 earnings per share. equities research analysts predict that Expedia, Inc. will post 3.91 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Thursday, November 16th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 15th. This represents a $1.20 annualized dividend and a dividend yield of 0.99%. Expedia’s payout ratio is currently 47.43%.
In related news, Vice Chairman Victor Kaufman sold 119,575 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $123.67, for a total value of $14,787,840.25. Following the completion of the transaction, the insider now directly owns 169,575 shares in the company, valued at approximately $20,971,340.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dara Khosrowshahi sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $125.00, for a total value of $18,750,000.00. Following the completion of the transaction, the director now owns 522,348 shares of the company’s stock, valued at $65,293,500. The disclosure for this sale can be found here. Insiders have sold a total of 352,548 shares of company stock valued at $43,689,017 over the last 90 days. Corporate insiders own 20.88% of the company’s stock.
A number of research analysts recently issued reports on EXPE shares. Credit Suisse Group set a $147.00 price target on Expedia and gave the company a “hold” rating in a report on Friday, October 27th. UBS reaffirmed a “buy” rating and issued a $154.00 price target (down from $170.00) on shares of Expedia in a report on Friday, October 27th. Deutsche Bank reaffirmed a “buy” rating and issued a $171.00 price target (down from $175.00) on shares of Expedia in a report on Tuesday, October 24th. SunTrust Banks reaffirmed a “buy” rating and issued a $190.00 price target on shares of Expedia in a report on Monday, August 28th. Finally, Cowen set a $158.00 price target on Expedia and gave the company a “buy” rating in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target 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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