OppenheimerFunds Inc. cut its position in Expedia Inc (NASDAQ:EXPE) by 90.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,267 shares of the online travel company’s stock after selling 112,266 shares during the period. OppenheimerFunds Inc.’s holdings in Expedia were worth $1,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in EXPE. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Expedia in the third quarter worth $101,000. Dupont Capital Management Corp boosted its position in shares of Expedia by 90.9% during the fourth quarter. Dupont Capital Management Corp now owns 1,046 shares of the online travel company’s stock worth $125,000 after acquiring an additional 498 shares during the last quarter. Krilogy Financial LLC boosted its position in shares of Expedia by 2,900.0% during the third quarter. Krilogy Financial LLC now owns 900 shares of the online travel company’s stock worth $130,000 after acquiring an additional 870 shares during the last quarter. Hyman Charles D bought a new position in shares of Expedia during the fourth quarter worth $216,000. Finally, Zeke Capital Advisors LLC bought a new position in shares of Expedia during the third quarter worth $227,000. 80.33% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently weighed in on EXPE. TheStreet lowered shares of Expedia from a “b” rating to a “c+” rating in a research report on Thursday, February 8th. Piper Jaffray Companies upped their target price on shares of Expedia to $135.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Morgan Stanley dropped their target price on shares of Expedia from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, February 9th. Bank of America upgraded shares of Expedia from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 3rd. Finally, Needham & Company LLC lowered shares of Expedia from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. One 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. The stock has a consensus rating of “Buy” and a consensus price target of $148.52.
Shares of Expedia Inc (EXPE) opened at $109.53 on Wednesday. The stock has a market cap of $17,375.65, a PE ratio of 31.44, a PEG ratio of 2.04 and a beta of 1.05. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.61. Expedia Inc has a twelve month low of $98.52 and a twelve month high of $161.00.
Expedia (NASDAQ:EXPE) last released its earnings results 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 firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.35 billion. Expedia had a return on equity of 9.66% and a net margin of 3.76%. Expedia’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.17 EPS. research analysts expect that Expedia Inc will post 3.62 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Thursday, March 8th will be issued 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 1.10%. Expedia’s dividend payout ratio (DPR) is presently 50.63%.
ILLEGAL ACTIVITY WARNING: “OppenheimerFunds Inc. Has $1.47 Million Stake in Expedia Inc (EXPE)” was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this report can be viewed at https://www.americanbankingnews.com/2018/03/14/oppenheimerfunds-inc-has-1-47-million-stake-in-expedia-inc-expe.html.
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.
Receive News & Ratings for Expedia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expedia and related companies with MarketBeat.com's FREE daily email newsletter.