Northwestern Mutual Wealth Management Co. lifted its stake in Expedia, Inc. (NASDAQ:EXPE) by 13.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,750 shares of the online travel company’s stock after buying an additional 320 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Expedia were worth $410,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Expedia by 3.0% during the first quarter. Vanguard Group Inc. now owns 11,616,561 shares of the online travel company’s stock valued at $1,465,661,000 after purchasing an additional 342,485 shares in the last quarter. BlackRock Inc. raised its stake in Expedia by 3,458.6% during the first quarter. BlackRock Inc. now owns 7,832,689 shares of the online travel company’s stock valued at $988,252,000 after purchasing an additional 7,612,585 shares in the last quarter. Wellington Management Group LLP raised its stake in Expedia by 14.6% during 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 purchasing an additional 764,343 shares in the last quarter. Jennison Associates LLC raised its stake in Expedia by 17.6% during the second quarter. Jennison Associates LLC now owns 3,998,193 shares of the online travel company’s stock valued at $595,531,000 after purchasing an additional 599,037 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its stake in Expedia by 1,118.9% during the first quarter. Neuberger Berman Group LLC now owns 1,805,829 shares of the online travel company’s stock valued at $227,841,000 after purchasing an additional 1,657,678 shares in the last quarter. 84.42% of the stock is currently owned by hedge funds and other institutional investors.
In other Expedia news, EVP Mark D. Okerstrom sold 12,500 shares of Expedia stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $150.00, for a total value of $1,875,000.00. Following the completion of the transaction, the executive vice president now directly owns 71,248 shares of the company’s stock, valued at approximately $10,687,200. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Dara Khosrowshahi sold 86,228 shares of Expedia stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $154.12, for a total value of $13,289,459.36. Following the completion of the transaction, the chief executive officer now directly owns 518,576 shares of the company’s stock, valued at $79,922,933.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 146,826 shares of company stock valued at $22,359,010. 20.95% of the stock is currently owned by corporate insiders.
Expedia, Inc. (EXPE) opened at 142.13 on Friday. The company has a market capitalization of $21.55 billion, a PE ratio of 66.88 and a beta of 0.97. The firm’s 50-day moving average is $147.25 and its 200 day moving average is $141.20. Expedia, Inc. has a one year low of $105.62 and a one year high of $161.00.
Expedia (NASDAQ:EXPE) last released its earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.05). The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. Expedia had a net margin of 3.49% and a return on equity of 10.98%. The business’s revenue was up 17.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 earnings per share. On average, equities analysts expect that Expedia, Inc. will post $5.06 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th were given a $0.30 dividend. This is an increase from Expedia’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Tuesday, August 22nd. Expedia’s payout ratio is currently 56.87%.
A number of equities research analysts recently issued reports on EXPE shares. Cantor Fitzgerald reaffirmed a “buy” rating and set a $178.00 price target on shares of Expedia in a research note on Wednesday, May 31st. Cowen and Company reaffirmed an “outperform” rating and set a $160.00 price target on shares of Expedia in a research note on Friday, June 16th. Needham & Company LLC reaffirmed a “buy” rating on shares of Expedia in a research note on Wednesday, June 21st. Citigroup Inc. raised shares of Expedia from a “neutral” rating to a “buy” rating and decreased their price target for the company from $147.89 to $130.00 in a research note on Wednesday, June 28th. Finally, Zacks Investment Research raised shares of Expedia from a “hold” rating to a “buy” rating and set a $167.00 price target on the stock in a research note on Wednesday, July 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $163.02.
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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