4,293 Shares in Expedia, Inc. (EXPE) Purchased by Partners Capital Investment Group Holdings LLC
Partners Capital Investment Group Holdings LLC acquired a new position in Expedia, Inc. (NASDAQ:EXPE) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,293 shares of the online travel company’s stock, valued at approximately $618,000.
Several other institutional investors also recently bought and sold shares of the stock. Engineers Gate Manager LP lifted its stake in shares of Expedia by 176.6% in the third quarter. Engineers Gate Manager LP now owns 41,683 shares of the online travel company’s stock worth $6,000,000 after acquiring an additional 26,615 shares during the period. Crestwood Capital Management L.P. lifted its stake in shares of Expedia by 5.0% in the third quarter. Crestwood Capital Management L.P. now owns 45,360 shares of the online travel company’s stock worth $6,529,000 after acquiring an additional 2,160 shares during the period. National Asset Management Inc. lifted its stake in Expedia by 57.4% in the third quarter. National Asset Management Inc. now owns 5,100 shares of the online travel company’s stock valued at $735,000 after buying an additional 1,860 shares during the period. Private Advisor Group LLC lifted its stake in Expedia by 13.8% in the third quarter. Private Advisor Group LLC now owns 4,697 shares of the online travel company’s stock valued at $688,000 after buying an additional 571 shares during the period. Finally, Pinebridge Investments L.P. acquired a new position in Expedia in the third quarter valued at approximately $840,000. 84.20% of the stock is currently owned by institutional investors.
In related news, Director Dara Khosrowshahi sold 150,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $125.00, for a total transaction of $18,750,000.00. Following the completion of the sale, the director now owns 522,348 shares in the company, valued at $65,293,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Victor Kaufman sold 119,575 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $123.67, for a total value of $14,787,840.25. Following the sale, the insider now owns 169,575 shares of the company’s stock, valued at approximately $20,971,340.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 352,548 shares of company stock valued at $43,689,017. Corporate insiders own 20.88% of the company’s stock.
Several equities analysts have issued reports on the company. BidaskClub lowered Expedia from a “sell” rating to a “strong sell” rating in a research note on Saturday. Zacks Investment Research raised Expedia from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. J P Morgan Chase & Co dropped their price target on Expedia from $153.00 to $129.00 and set a “neutral” rating on the stock in a research note on Monday, October 30th. Cowen set a $135.00 price target on Expedia and gave the company a “buy” rating in a research note on Sunday, October 29th. Finally, Credit Suisse Group set a $147.00 price target on Expedia and gave the company a “hold” rating in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. Expedia presently has a consensus rating of “Buy” and a consensus target price of $159.61.
Shares of Expedia, Inc. (NASDAQ EXPE) opened at $122.24 on Tuesday. The company has a market capitalization of $18,681.32, a P/E ratio of 30.91, a PEG ratio of 1.91 and a beta of 0.89. Expedia, Inc. has a 1-year low of $111.88 and a 1-year high of $161.00. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.60.
Expedia (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, October 26th. The online travel company reported $2.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.61 by ($0.10). The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.98 billion. Expedia had a net margin of 4.09% and a return on equity of 10.71%. The company’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.41 EPS. sell-side analysts expect that Expedia, Inc. will post 3.91 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Thursday, November 16th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.20 annualized dividend and a dividend yield of 0.98%. Expedia’s dividend payout ratio is 47.43%.
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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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