Teacher Retirement System of Texas lowered its holdings in shares of Expedia Inc (NASDAQ:EXPE) by 7.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,141 shares of the online travel company’s stock after selling 3,346 shares during the quarter. Teacher Retirement System of Texas’ holdings in Expedia were worth $4,688,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the stock. Eqis Capital Management Inc. grew its position in shares of Expedia by 12.3% during the third quarter. Eqis Capital Management Inc. now owns 3,433 shares of the online travel company’s stock worth $494,000 after purchasing an additional 376 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of Expedia by 2.3% during the third quarter. CIBC Asset Management Inc now owns 18,940 shares of the online travel company’s stock worth $2,726,000 after purchasing an additional 430 shares in the last quarter. Dupont Capital Management Corp grew its position in shares of Expedia by 90.9% during the fourth quarter. Dupont Capital Management Corp now owns 1,046 shares of the online travel company’s stock worth $125,000 after purchasing an additional 498 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Expedia by 3.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 17,611 shares of the online travel company’s stock worth $2,535,000 after purchasing an additional 556 shares in the last quarter. Finally, Prudential Financial Inc. grew its position in shares of Expedia by 0.3% during the third quarter. Prudential Financial Inc. now owns 169,986 shares of the online travel company’s stock worth $24,468,000 after purchasing an additional 570 shares in the last quarter. Hedge funds and other institutional investors own 85.71% of the company’s stock.
In related news, insider Lance A. Soliday sold 2,401 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $120.37, for a total transaction of $289,008.37. Following the completion of the sale, the insider now directly owns 5,744 shares of the company’s stock, valued at approximately $691,405.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 20.95% of the stock is currently owned by company insiders.
Shares of Expedia Inc (EXPE) traded up $1.85 during mid-day trading on Friday, hitting $106.38. The company had a trading volume of 2,410,000 shares, compared to its average volume of 2,990,000. Expedia Inc has a 52-week low of $98.52 and a 52-week high of $161.00. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market cap of $16,440.00, a price-to-earnings ratio of 46.45, a P/E/G ratio of 1.86 and a beta of 0.89.
Expedia (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, February 8th. The online travel company reported $0.84 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.31). Expedia had a return on equity of 9.66% and a net margin of 3.76%. The business had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the prior year, the business posted $1.17 earnings per share. Expedia’s revenue was up 10.8% on a year-over-year basis. equities research analysts anticipate that Expedia Inc will post 3.62 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Thursday, March 8th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Wednesday, March 7th. Expedia’s dividend payout ratio is currently 52.40%.
Several analysts recently issued reports on EXPE shares. Morgan Stanley upgraded Expedia from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, January 10th. Citigroup restated a “buy” rating and set a $170.00 price target (down previously from $180.00) on shares of Expedia in a report on Friday, October 27th. SunTrust Banks raised their price target on Expedia to $180.00 and gave the company a “buy” rating in a report on Friday, January 12th. They noted that the move was a valuation call. Zacks Investment Research upgraded Expedia from a “hold” rating to a “buy” rating and set a $148.00 price target for the company in a report on Tuesday, January 16th. Finally, BidaskClub upgraded Expedia from a “strong sell” rating to a “sell” rating in a report on Friday, January 5th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-one have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $148.30.
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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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