California Public Employees Retirement System raised its holdings in Expedia, Inc. (NASDAQ:EXPE) by 2.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 264,671 shares of the online travel company’s stock after purchasing an additional 5,787 shares during the quarter. California Public Employees Retirement System owned 0.17% of Expedia worth $38,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the business. Swiss National Bank grew its stake in shares of Expedia by 2.9% during the 2nd quarter. Swiss National Bank now owns 450,370 shares of the online travel company’s stock worth $67,083,000 after acquiring an additional 12,700 shares during the period. OZ Management LP bought a new position in shares of Expedia during the 2nd quarter worth $1,892,000. Teacher Retirement System of Texas grew its stake in shares of Expedia by 1,169.4% during the 3rd quarter. Teacher Retirement System of Texas now owns 42,487 shares of the online travel company’s stock worth $6,116,000 after acquiring an additional 39,140 shares during the period. Stevens Capital Management LP bought a new position in shares of Expedia during the 3rd quarter worth $4,408,000. Finally, Franklin Resources Inc. grew its stake in shares of Expedia by 14.9% during the 2nd quarter. Franklin Resources Inc. now owns 663,900 shares of the online travel company’s stock worth $98,888,000 after acquiring an additional 86,000 shares during the period. Hedge funds and other institutional investors own 84.20% of the company’s stock.
Shares of Expedia, Inc. (NASDAQ EXPE) opened at $120.88 on Friday. Expedia, Inc. has a 1-year low of $111.88 and a 1-year high of $161.00. The firm has a market capitalization of $18,049.47, a PE ratio of 29.86, a price-to-earnings-growth ratio of 1.85 and a beta of 0.89. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.60.
Expedia (NASDAQ:EXPE) last released 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). Expedia had a net margin of 4.09% and a return on equity of 10.71%. The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same period in the previous year, the business earned $2.41 EPS. The business’s revenue was up 14.9% on a year-over-year basis. equities research analysts forecast that Expedia, Inc. will post 3.91 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 7th. Shareholders of record on Thursday, November 16th were issued a $0.30 dividend. The ex-dividend date was 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%.
Several research analysts have recently weighed in on EXPE shares. Piper Jaffray Companies reiterated a “buy” rating and set a $173.00 price target on shares of Expedia in a research note on Thursday, August 31st. SunTrust Banks reiterated a “buy” rating and set a $190.00 price target on shares of Expedia in a research note on Monday, August 28th. Cowen reiterated a “buy” rating and set a $170.00 price target on shares of Expedia in a research note on Sunday, August 27th. BidaskClub upgraded Expedia from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Finally, Jefferies Group upgraded Expedia from a “hold” rating to a “buy” rating and increased their price target for the stock from $140.00 to $180.00 in a research note on Thursday, August 24th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Expedia presently has a consensus rating of “Buy” and a consensus price target of $159.44.
In other Expedia news, Vice Chairman Victor Kaufman sold 119,575 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 169,575 shares of the company’s stock, valued at approximately $20,971,340.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dara Khosrowshahi sold 10,590 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now directly owns 422,348 shares in the company, valued at approximately $49,659,677.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 352,548 shares of company stock worth $43,689,017. Insiders own 20.95% of the company’s stock.
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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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