Kazazian Asset Management LLC Purchases Shares of 7,400 Expedia Inc (NASDAQ:EXPE)

Kazazian Asset Management LLC acquired a new stake in shares of Expedia Inc (NASDAQ:EXPE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,400 shares of the online travel company’s stock, valued at approximately $886,000. Expedia comprises about 0.9% of Kazazian Asset Management LLC’s investment portfolio, making the stock its 27th largest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC lifted its position in shares of Expedia by 502.2% during the 4th quarter. Millennium Management LLC now owns 442,005 shares of the online travel company’s stock worth $52,939,000 after purchasing an additional 368,604 shares during the last quarter. Kenmare Capital Partners L.L.C. acquired a new position in shares of Expedia during the 4th quarter worth about $6,408,000. Hound Partners LLC lifted its position in shares of Expedia by 0.5% during the 4th quarter. Hound Partners LLC now owns 2,490,402 shares of the online travel company’s stock worth $298,275,000 after purchasing an additional 13,291 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in Expedia by 1.3% during the fourth quarter. TIAA CREF Investment Management LLC now owns 1,542,873 shares of the online travel company’s stock valued at $184,790,000 after acquiring an additional 20,214 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its stake in Expedia by 6.2% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 99,986 shares of the online travel company’s stock valued at $11,975,000 after acquiring an additional 5,800 shares during the period. 80.20% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Expedia from a “hold” rating to a “buy” rating and set a $148.00 price target on the stock in a research note on Tuesday, January 16th. BidaskClub upgraded Expedia from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. SunTrust Banks upped their price objective on Expedia to $180.00 and gave the company a “buy” rating in a research note on Friday, January 12th. They noted that the move was a valuation call. Morgan Stanley raised Expedia from an “equal weight” rating to an “overweight” rating in a report on Wednesday, January 10th. Finally, Vetr downgraded Expedia from a “strong-buy” rating to a “buy” rating and set a $140.63 target price on the stock. in a report on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, eleven 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 an average target price of $145.08.

NASDAQ:EXPE traded down $2.56 during mid-day trading on Friday, hitting $107.55. The stock had a trading volume of 1,640,643 shares, compared to its average volume of 2,295,532. Expedia Inc has a twelve month low of $98.52 and a twelve month high of $161.00. The company has a market capitalization of $16,718.22, a P/E ratio of 28.91, a price-to-earnings-growth ratio of 2.11 and a beta of 1.04. 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 quarterly earnings data on Thursday, February 8th. The online travel company reported $0.84 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by ($0.31). The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.35 billion. Expedia had a return on equity of 9.66% and a net margin of 3.76%. The company’s revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the business earned $1.17 earnings per share. equities analysts forecast that Expedia Inc will post 3.59 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Stockholders of record on Thursday, March 8th were issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, March 7th. This represents a $1.20 annualized dividend and a dividend yield of 1.12%. Expedia’s dividend payout ratio is presently 32.26%.

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Expedia 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.

Institutional Ownership by Quarter for Expedia (NASDAQ:EXPE)

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