Hound Partners LLC increased its stake in Expedia Inc (NASDAQ:EXPE) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,490,402 shares of the online travel company’s stock after purchasing an additional 13,291 shares during the quarter. Expedia comprises about 8.2% of Hound Partners LLC’s portfolio, making the stock its 4th biggest holding. Hound Partners LLC owned 1.64% of Expedia worth $298,275,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. raised its position in Expedia by 18.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 6,965 shares of the online travel company’s stock worth $1,003,000 after acquiring an additional 1,094 shares in the last quarter. Andra AP fonden raised its position in Expedia by 18.2% in the third quarter. Andra AP fonden now owns 7,800 shares of the online travel company’s stock worth $1,123,000 after acquiring an additional 1,200 shares in the last quarter. Prudential Financial Inc. raised its position in Expedia by 0.3% in the third quarter. Prudential Financial Inc. now owns 169,986 shares of the online travel company’s stock worth $24,468,000 after acquiring an additional 570 shares in the last quarter. Candriam Luxembourg S.C.A. raised its position in Expedia by 11.0% in the third quarter. Candriam Luxembourg S.C.A. now owns 8,137 shares of the online travel company’s stock worth $1,171,000 after acquiring an additional 806 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC raised its position in Expedia by 28.1% in the third quarter. Global X MANAGEMENT CO LLC now owns 3,988 shares of the online travel company’s stock worth $574,000 after acquiring an additional 876 shares in the last quarter. 80.33% of the stock is owned by institutional investors and hedge funds.
EXPE has been the topic of several research reports. BidaskClub cut shares of Expedia from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 2nd. Argus downgraded Expedia from a “buy” rating to a “hold” rating and set a $178.00 price objective on the stock. in a report on Tuesday, December 5th. MKM Partners restated a “neutral” rating and set a $145.00 price objective (down previously from $170.00) on shares of Expedia in a report on Thursday, December 7th. Oppenheimer restated a “buy” rating on shares of Expedia in a report on Wednesday, December 20th. Finally, Bank of America upgraded Expedia from a “neutral” rating to a “buy” rating in a report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have assigned a buy rating to the company’s stock. Expedia presently has an average rating of “Buy” and a consensus price target of $148.52.
Expedia Inc (NASDAQ:EXPE) opened at $108.05 on Wednesday. The firm has a market capitalization of $16,630.00, a PE ratio of 48.04, a price-to-earnings-growth ratio of 2.04 and a beta of 1.05. 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 announced its quarterly earnings results on Thursday, February 8th. The online travel company reported $0.84 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by ($0.31). The firm 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 company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.17 EPS. equities research analysts forecast that Expedia Inc will post 3.62 earnings per share for the current year.
The company 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 $0.30 dividend. The ex-dividend date of this dividend is Wednesday, March 7th. This represents a $1.20 annualized dividend and a dividend yield of 1.11%. Expedia’s payout ratio is 52.63%.
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Expedia Company 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.
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