Wedbush Securities Inc. Has $509,000 Position in Expedia, Inc. (EXPE)
Wedbush Securities Inc. boosted its position in shares of Expedia, Inc. (NASDAQ:EXPE) by 12.5% during the second quarter, Holdings Channel reports. The institutional investor owned 3,419 shares of the online travel company’s stock after buying an additional 380 shares during the period. Wedbush Securities Inc.’s holdings in Expedia were worth $509,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Expedia by 3,458.6% in the first quarter. BlackRock Inc. now owns 7,832,689 shares of the online travel company’s stock worth $988,252,000 after buying an additional 7,612,585 shares in the last quarter. Neuberger Berman Group LLC raised its stake in Expedia by 1,118.9% in the first quarter. Neuberger Berman Group LLC now owns 1,805,829 shares of the online travel company’s stock worth $227,841,000 after buying an additional 1,657,678 shares in the last quarter. Jennison Associates LLC raised its stake in Expedia by 39.9% in the first quarter. Jennison Associates LLC now owns 3,397,821 shares of the online travel company’s stock worth $428,703,000 after buying an additional 968,772 shares in the last quarter. Wellington Management Group LLP raised its stake in Expedia by 14.6% in the first quarter. Wellington Management Group LLP now owns 6,000,184 shares of the online travel company’s stock worth $757,042,000 after buying an additional 764,343 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Expedia by 30.4% in the first quarter. Ameriprise Financial Inc. now owns 2,312,604 shares of the online travel company’s stock worth $291,782,000 after buying an additional 539,205 shares in the last quarter. Institutional investors and hedge funds own 81.22% of the company’s stock.
Shares of Expedia, Inc. (EXPE) opened at 147.06 on Wednesday. The stock has a market capitalization of $22.30 billion, a price-to-earnings ratio of 69.20 and a beta of 0.92. The firm’s 50 day moving average is $151.25 and its 200 day moving average is $137.56. Expedia, Inc. has a 52-week low of $105.62 and a 52-week high of $161.00.
Expedia (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, July 27th. The online travel company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by $0.05. The company had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Expedia had a net margin of 3.49% and a return on equity of 10.98%. The business’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.83 EPS. Equities analysts expect that Expedia, Inc. will post $5.11 earnings per share for the current year.
The business also recently disclosed 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 0.82%. The ex-dividend date is Tuesday, August 22nd. This is a boost from Expedia’s previous quarterly dividend of $0.28. Expedia’s dividend payout ratio (DPR) is presently 53.08%.
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A number of analysts have weighed in on EXPE shares. Oppenheimer Holdings, Inc. raised their price objective on shares of Expedia from $145.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, May 1st. JMP Securities restated an “outperform” rating and set a $155.00 price objective (up from $142.00) on shares of Expedia in a research note on Tuesday, May 2nd. Needham & Company LLC raised their price objective on shares of Expedia from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Deutsche Bank AG restated a “buy” rating and set a $175.00 price objective (up from $158.00) on shares of Expedia in a research note on Wednesday, July 26th. Finally, Morgan Stanley restated an “equal weight” rating and set a $170.00 price objective (up from $135.00) on shares of Expedia in a research note on Tuesday, July 18th. Eight investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $159.73.
In related news, CEO Dara Khosrowshahi sold 86,228 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $154.12, for a total transaction of $13,289,459.36. Following the completion of the sale, the chief executive officer now owns 518,576 shares in the company, valued at $79,922,933.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Lance A. Soliday sold 2,544 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $142.30, for a total value of $362,011.20. Following the sale, the insider now owns 4,815 shares of the company’s stock, 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 valued at $20,840,896 in the last quarter. Company 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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