Expedia, Inc. (EXPE) Position Decreased by Neuberger Berman Group LLC
Neuberger Berman Group LLC cut its stake in shares of Expedia, Inc. (NASDAQ:EXPE) by 2.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,765,574 shares of the online travel company’s stock after selling 40,255 shares during the period. Neuberger Berman Group LLC owned 1.16% of Expedia worth $262,982,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of EXPE. BlackRock Inc. raised its position in shares of Expedia by 3,458.6% in the first quarter. BlackRock Inc. now owns 7,832,689 shares of the online travel company’s stock valued at $988,252,000 after buying an additional 7,612,585 shares during the last quarter. Jennison Associates LLC raised its position in shares of Expedia by 39.9% in the first quarter. Jennison Associates LLC now owns 3,397,821 shares of the online travel company’s stock valued at $428,703,000 after buying an additional 968,772 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Expedia by 14.6% in the first quarter. Wellington Management Group LLP now owns 6,000,184 shares of the online travel company’s stock valued at $757,042,000 after buying an additional 764,343 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Expedia by 30.4% in the first quarter. Ameriprise Financial Inc. now owns 2,312,604 shares of the online travel company’s stock valued at $291,782,000 after buying an additional 539,205 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Expedia by 193.4% in the first quarter. Renaissance Technologies LLC now owns 761,459 shares of the online travel company’s stock valued at $96,073,000 after buying an additional 501,900 shares during the last quarter. Institutional investors own 81.22% of the company’s stock.
Expedia, Inc. (NASDAQ:EXPE) traded down 0.45% on Friday, reaching $149.26. The company had a trading volume of 1,171,492 shares. The firm has a market capitalization of $22.63 billion, a price-to-earnings ratio of 70.24 and a beta of 0.92. The company’s 50 day moving average is $150.80 and its 200-day moving average is $138.80. Expedia, Inc. has a one year low of $105.62 and a one year high of $161.00.
Expedia (NASDAQ:EXPE) last issued its earnings results on Thursday, July 27th. The online travel company reported $0.89 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by $0.05. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. Expedia had a return on equity of 10.98% and a net margin of 3.49%. Expedia’s revenue was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 earnings per share. On average, equities research analysts expect that Expedia, Inc. will post $5.07 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be paid a $0.30 dividend. This is an increase from Expedia’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Tuesday, August 22nd. Expedia’s dividend payout ratio is currently 56.87%.
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EXPE has been the topic of several recent analyst reports. Deutsche Bank AG reiterated a “buy” rating and issued a $175.00 price target (up previously from $158.00) on shares of Expedia in a research note on Wednesday, July 26th. Oppenheimer Holdings, Inc. lifted their price target on Expedia from $145.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, May 1st. JMP Securities reiterated an “outperform” rating and issued a $155.00 price target (up previously from $142.00) on shares of Expedia in a research note on Tuesday, May 2nd. Morgan Stanley reiterated an “equal weight” rating and issued a $170.00 price target (up previously from $135.00) on shares of Expedia in a research note on Tuesday, July 18th. Finally, Zacks Investment Research lowered Expedia from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Six analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. Expedia presently has an average rating of “Buy” and an average target price of $162.24.
In other news, CEO Dara Khosrowshahi sold 86,228 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $154.12, for a total transaction of $13,289,459.36. Following the transaction, the chief executive officer now directly owns 518,576 shares in the company, valued at $79,922,933.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman Victor Kaufman sold 35,598 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $149.29, for a total transaction of $5,314,425.42. Following the transaction, the insider now owns 167,673 shares in the company, valued at $25,031,902.17. The disclosure for this sale can be found here. Insiders sold a total of 146,826 shares of company stock worth $22,359,010 over the last 90 days. Insiders own 20.95% of the company’s stock.
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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