Neuberger Berman Group LLC boosted its holdings in Expedia (NASDAQ:EXPE) by 197.5% in the first quarter, Holdings Channel reports. The institutional investor owned 1,441,064 shares of the online travel company’s stock after acquiring an additional 956,715 shares during the period. Neuberger Berman Group LLC’s holdings in Expedia were worth $159,108,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of EXPE. Delpha Capital Management LLC purchased a new position in Expedia in the 4th quarter worth about $104,000. Dupont Capital Management Corp raised its position in Expedia by 90.9% in the 4th quarter. Dupont Capital Management Corp now owns 1,046 shares of the online travel company’s stock worth $125,000 after buying an additional 498 shares during the last quarter. Aristotle Atlantic Partners LLC purchased a new position in Expedia in the 4th quarter worth about $207,000. Hyman Charles D purchased a new position in Expedia in the 4th quarter worth about $216,000. Finally, K.J. Harrison & Partners Inc purchased a new position in Expedia in the 1st quarter worth about $221,000. 81.14% of the stock is owned by institutional investors and hedge funds.
Expedia opened at $114.00 on Wednesday, Marketbeat.com reports. The company has a market capitalization of $17.29 billion, a P/E ratio of 36.98, a PEG ratio of 1.94 and a beta of 1.06. Expedia has a 12-month low of $113.08 and a 12-month high of $114.60. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.65.
Expedia (NASDAQ:EXPE) last released its earnings results on Thursday, April 26th. The online travel company reported ($0.46) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.53). The firm had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.44 billion. Expedia had a return on equity of 8.25% and a net margin of 3.15%. The company’s revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.05 earnings per share. analysts forecast that Expedia will post 4.07 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 24th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, May 23rd. This represents a $1.20 annualized dividend and a yield of 1.05%. Expedia’s payout ratio is 32.26%.
A number of brokerages have weighed in on EXPE. BidaskClub lowered Expedia from a “buy” rating to a “hold” rating in a research report on Tuesday, May 8th. MKM Partners boosted their target price on Expedia to $122.00 and gave the stock a “neutral” rating in a research report on Monday, April 30th. Royal Bank of Canada reissued a “buy” rating and issued a $141.00 target price on shares of Expedia in a research report on Tuesday, April 24th. Credit Suisse Group upped their price target on shares of Expedia from $129.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, April 27th. Finally, Stifel Nicolaus upped their price target on shares of Expedia from $112.00 to $122.00 and gave the company a “hold” rating in a research report on Friday, April 27th. Thirteen analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Expedia currently has an average rating of “Buy” and an average price target of $144.19.
Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
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