Cornerstone Capital Management Holdings LLC. lessened its position in Expedia Inc (NASDAQ:EXPE) by 12.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 234,132 shares of the online travel company’s stock after selling 34,616 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned approximately 0.15% of Expedia worth $28,041,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. bought a new position in Expedia during the 3rd quarter valued at approximately $101,000. Delpha Capital Management LLC bought a new position in Expedia during the 4th quarter valued at approximately $104,000. Dupont Capital Management Corp increased its position in Expedia by 90.9% during the 4th quarter. Dupont Capital Management Corp now owns 1,046 shares of the online travel company’s stock valued at $125,000 after buying an additional 498 shares in the last quarter. Krilogy Financial LLC increased its position in Expedia by 2,900.0% during the 3rd quarter. Krilogy Financial LLC now owns 900 shares of the online travel company’s stock valued at $130,000 after buying an additional 870 shares in the last quarter. Finally, Aristotle Atlantic Partners LLC bought a new position in Expedia during the 4th quarter valued at approximately $207,000. Institutional investors own 80.33% of the company’s stock.
Shares of Expedia Inc (EXPE) opened at $109.53 on Wednesday. The company has a market capitalization of $17,375.65, a price-to-earnings ratio of 46.22, a price-to-earnings-growth ratio of 2.04 and a beta of 1.05. Expedia Inc has a fifty-two week low of $98.52 and a fifty-two week high of $161.00. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.61.
The firm also recently announced 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, March 7th. Expedia’s payout ratio is 50.63%.
In other Expedia news, insider Lance A. Soliday sold 2,401 shares of Expedia stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $120.37, for a total value of $289,008.37. Following the completion of the sale, the insider now owns 5,744 shares of the company’s stock, valued at approximately $691,405.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 20.88% of the stock is currently owned by company insiders.
A number of research firms recently weighed in on EXPE. Zacks Investment Research raised Expedia from a “hold” rating to a “buy” rating and set a $148.00 price objective for the company in a research report on Tuesday, January 16th. BidaskClub raised Expedia from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th. SunTrust Banks raised their price objective on Expedia to $180.00 and gave the company a “buy” rating in a research report 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 research report on Wednesday, January 10th. Finally, Vetr lowered Expedia from a “strong-buy” rating to a “buy” rating and set a $140.63 price objective for the company. in a research report on Thursday, January 4th. One equities research 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. Expedia has an average rating of “Buy” and an average price target of $148.52.
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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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