New Mexico Educational Retirement Board lifted its holdings in shares of Expedia, Inc. (NASDAQ:EXPE) by 3.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 11,728 shares of the online travel company’s stock after acquiring an additional 400 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Expedia were worth $1,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently made changes to their positions in the business. Rational Advisors LLC boosted its position in Expedia by 19.8% in the fourth quarter. Rational Advisors LLC now owns 12,081 shares of the online travel company’s stock worth $1,447,000 after purchasing an additional 1,999 shares during the last quarter. Analyst IMS Investment Management Services Ltd. boosted its position in Expedia by 23.3% in the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 8,912 shares of the online travel company’s stock worth $1,067,000 after purchasing an additional 1,684 shares during the last quarter. Penserra Capital Management LLC boosted its position in Expedia by 103.2% in the fourth quarter. Penserra Capital Management LLC now owns 45,194 shares of the online travel company’s stock worth $5,411,000 after purchasing an additional 22,957 shares during the last quarter. NuWave Investment Management LLC purchased a new position in Expedia in the fourth quarter worth about $337,000. Finally, Gradient Investments LLC purchased a new position in Expedia in the fourth quarter worth about $458,000. 85.71% of the stock is currently owned by institutional investors and hedge funds.
Shares of Expedia, Inc. (NASDAQ:EXPE) opened at $104.10 on Wednesday. The stock has a market capitalization of $15,767.75, a P/E ratio of 28.53, a P/E/G ratio of 1.85 and a beta of 0.89. Expedia, Inc. has a 12 month low of $98.52 and a 12 month high of $161.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.70 and a current ratio of 0.70.
Expedia (NASDAQ:EXPE) last issued its earnings results on Thursday, February 8th. The online travel company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by ($0.31). Expedia had a net margin of 3.76% and a return on equity of 9.66%. The business had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period last year, the business posted $1.17 EPS. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. equities analysts forecast that Expedia, Inc. will post 3.62 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Thursday, March 8th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Wednesday, March 7th. Expedia’s payout ratio is 50.63%.
In other Expedia news, insider Lance A. Soliday sold 2,401 shares of Expedia stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $120.37, for a total value of $289,008.37. Following the sale, the insider now owns 5,744 shares of the company’s stock, valued at approximately $691,405.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 20.88% of the company’s stock.
EXPE has been the topic of a number of analyst reports. Morgan Stanley raised Expedia from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, January 10th. Citigroup reaffirmed a “buy” rating and set a $170.00 price objective (down from $180.00) on shares of Expedia in a research report on Friday, October 27th. SunTrust Banks lifted their price objective on Expedia to $180.00 and gave the company a “buy” rating in a research report on Friday, January 12th. They noted that the move was a valuation call. Zacks Investment Research raised Expedia from a “hold” rating to a “buy” rating and set a $148.00 price objective on the stock in a research report on Tuesday, January 16th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $171.00 price objective (down from $175.00) on shares of Expedia in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $149.81.
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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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