Rhumbline Advisers trimmed its holdings in shares of Expedia, Inc. (NASDAQ:EXPE) by 0.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 228,991 shares of the online travel company’s stock after selling 566 shares during the period. Rhumbline Advisers’ holdings in Expedia were worth $27,426,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of EXPE. American Century Companies Inc. boosted its stake in shares of Expedia by 22.0% during the 3rd quarter. American Century Companies Inc. now owns 2,031,943 shares of the online travel company’s stock worth $292,478,000 after buying an additional 365,857 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Expedia by 28.8% during the 4th quarter. First Trust Advisors LP now owns 1,371,635 shares of the online travel company’s stock worth $164,281,000 after buying an additional 306,536 shares during the last quarter. Pictet Asset Management Ltd. boosted its stake in shares of Expedia by 79.0% during the 3rd quarter. Pictet Asset Management Ltd. now owns 632,779 shares of the online travel company’s stock worth $91,082,000 after buying an additional 279,312 shares during the last quarter. Artisan Partners Limited Partnership boosted its stake in shares of Expedia by 18.2% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,698,375 shares of the online travel company’s stock worth $244,464,000 after buying an additional 260,929 shares during the last quarter. Finally, Flossbach Von Storch AG acquired a new position in shares of Expedia during the 4th quarter worth about $31,102,000. Institutional investors own 85.71% of the company’s stock.
EXPE has been the subject of a number of recent research reports. Bank of America downgraded shares of Expedia from a “buy” rating to a “neutral” rating and set a $149.00 price objective for the company. in a research note on Friday, October 27th. UBS Group restated a “buy” rating and set a $154.00 price objective (down from $170.00) on shares of Expedia in a research note on Friday, October 27th. Royal Bank of Canada restated an “outperform” rating and set a $155.00 price objective (down from $175.00) on shares of Expedia in a research note on Friday, October 27th. Stifel Nicolaus reduced their price objective on shares of Expedia from $160.00 to $140.00 and set a “hold” rating for the company in a research note on Friday, October 27th. Finally, Citigroup restated a “buy” rating and set a $170.00 price objective (down from $180.00) on shares of Expedia in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $148.30.
Expedia, Inc. (EXPE) opened at $102.99 on Thursday. The firm has a market cap of $15,805.71, a PE ratio of 28.60, a price-to-earnings-growth ratio of 1.86 and a beta of 0.89. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.61. Expedia, Inc. has a fifty-two week low of $98.52 and a fifty-two week high of $161.00.
Expedia (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, February 8th. The online travel company reported $0.84 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by ($0.31). The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.35 billion. Expedia had a net margin of 3.76% and a return on equity of 9.66%. The firm’s revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.17 earnings per share. equities research analysts anticipate that Expedia, Inc. will post 3.62 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Thursday, March 8th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, March 7th. This represents a $1.20 annualized dividend and a yield of 1.17%. Expedia’s dividend payout ratio is currently 50.63%.
In other Expedia news, insider Lance A. Soliday sold 2,401 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $120.37, for a total value of $289,008.37. Following the transaction, the insider now directly owns 5,744 shares of the company’s stock, valued at approximately $691,405.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 20.95% of the stock is owned by corporate insiders.
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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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