Kenmare Capital Partners L.L.C. acquired a new position in shares of Expedia Inc (NASDAQ:EXPE) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 53,499 shares of the online travel company’s stock, valued at approximately $6,408,000. Expedia comprises approximately 7.0% of Kenmare Capital Partners L.L.C.’s holdings, making the stock its 7th biggest position.
Other hedge funds have also made changes to their positions in the company. Fuller & Thaler Asset Management Inc. bought a new position in Expedia in the third quarter valued at about $101,000. Delpha Capital Management LLC bought a new position in Expedia in the fourth quarter valued at about $104,000. Dupont Capital Management Corp raised its position in Expedia by 90.9% in the fourth quarter. Dupont Capital Management Corp now owns 1,046 shares of the online travel company’s stock valued at $125,000 after purchasing an additional 498 shares during the last quarter. Krilogy Financial LLC raised its position in Expedia by 2,900.0% in the third quarter. Krilogy Financial LLC now owns 900 shares of the online travel company’s stock valued at $130,000 after purchasing an additional 870 shares during the last quarter. Finally, Aristotle Atlantic Partners LLC bought a new position in Expedia in the fourth quarter valued at about $207,000. Institutional investors and hedge funds own 80.33% 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 owns 5,744 shares of the company’s stock, valued at $691,405.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 20.88% of the company’s stock.
Shares of Expedia Inc (NASDAQ EXPE) opened at $108.05 on Wednesday. Expedia Inc has a one year low of $98.52 and a one year high of $161.00. The company has a market capitalization of $16,630.00, a P/E ratio of 48.04, a P/E/G ratio of 2.04 and a beta of 1.05. 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 released its earnings results on Thursday, February 8th. The online travel company reported $0.84 EPS for the quarter, missing the 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 analyst estimates of $2.35 billion. During the same period in the prior year, the business earned $1.17 EPS. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. analysts forecast that Expedia Inc will post 3.62 EPS for the current fiscal year.
The firm also recently announced 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. The ex-dividend date is Wednesday, March 7th. This represents a $1.20 annualized dividend and a yield of 1.11%. Expedia’s dividend payout ratio is currently 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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