Teachers Retirement System of The State of Kentucky boosted its position in shares of Expedia Inc (NASDAQ:EXPE) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,986 shares of the online travel company’s stock after acquiring an additional 5,800 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.07% of Expedia worth $11,975,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of EXPE. Raymond James Financial Services Advisors Inc. raised its position in Expedia by 18.6% during 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% during 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% during 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% during 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% during 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 currently owned by hedge funds and other institutional investors.
In related news, insider Lance A. Soliday sold 2,401 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 20.88% of the company’s stock.
Expedia (NASDAQ:EXPE) last released 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). Expedia had a net margin of 3.76% and a return on equity of 9.66%. The business had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter last year, the company posted $1.17 earnings per share. The company’s revenue was up 10.8% on a year-over-year basis. research analysts anticipate that Expedia Inc will post 3.62 EPS for the current fiscal year.
The firm 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 1.10%. Expedia’s dividend payout ratio (DPR) is presently 50.63%.
Several analysts have issued reports on EXPE shares. Morgan Stanley raised shares of Expedia from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, January 10th. SunTrust Banks upped their price target on shares of Expedia to $180.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Expedia from a “hold” rating to a “buy” rating and set a $148.00 price objective on the stock in a report on Tuesday, January 16th. BidaskClub upgraded shares of Expedia from a “strong sell” rating to a “sell” rating in a report on Friday, January 5th. Finally, Credit Suisse Group set a $132.00 price objective on shares of Expedia and gave the company a “buy” rating in a report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have given a buy rating to the stock. Expedia presently has an average rating of “Buy” and an average target price of $148.52.
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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