Bank of New York Mellon Corp cut its holdings in shares of Expedia, Inc. (NASDAQ:EXPE) by 5.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,053,187 shares of the online travel company’s stock after selling 64,803 shares during the quarter. Bank of New York Mellon Corp owned about 0.69% of Expedia worth $151,594,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of EXPE. Teacher Retirement System of Texas boosted its holdings in Expedia by 1,169.4% in the 3rd quarter. Teacher Retirement System of Texas now owns 42,487 shares of the online travel company’s stock valued at $6,116,000 after purchasing an additional 39,140 shares during the last quarter. Strategy Asset Managers LLC acquired a new position in Expedia in the 3rd quarter valued at about $2,491,000. Gilder Gagnon Howe & Co. LLC acquired a new position in Expedia in the 3rd quarter valued at about $5,342,000. Toronto Dominion Bank boosted its holdings in Expedia by 3.1% in the 3rd quarter. Toronto Dominion Bank now owns 171,434 shares of the online travel company’s stock valued at $24,673,000 after purchasing an additional 5,232 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in Expedia by 1.5% in the 3rd quarter. New York State Common Retirement Fund now owns 269,575 shares of the online travel company’s stock valued at $38,803,000 after purchasing an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.
In other Expedia news, Vice Chairman Victor Kaufman sold 119,575 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $123.67, for a total transaction of $14,787,840.25. Following the completion of the transaction, the insider now directly owns 169,575 shares in the company, valued at approximately $20,971,340.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark D. Okerstrom sold 12,500 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $150.41, for a total transaction of $1,880,125.00. Following the transaction, the executive vice president now owns 71,248 shares of the company’s stock, valued at $10,716,411.68. The disclosure for this sale can be found here. Insiders sold a total of 215,048 shares of company stock valued at $26,819,142 in the last quarter. Insiders own 20.88% of the company’s stock.
Shares of Expedia, Inc. (NASDAQ:EXPE) opened at $123.73 on Tuesday. Expedia, Inc. has a 52 week low of $111.88 and a 52 week high of $161.00. The company has a market cap of $18,871.63, a price-to-earnings ratio of 31.22, a PEG ratio of 1.93 and a beta of 0.90. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.60.
Expedia (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, October 26th. The online travel company reported $2.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.61 by ($0.10). The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Expedia had a net margin of 4.09% and a return on equity of 10.71%. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.41 EPS. equities research analysts expect that Expedia, Inc. will post 3.91 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Thursday, November 16th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.97%. Expedia’s dividend payout ratio is presently 47.43%.
Several equities analysts have weighed in on EXPE shares. TheStreet upgraded shares of Expedia from a “c+” rating to a “b” rating in a report on Thursday, July 27th. Needham & Company LLC boosted their target price on shares of Expedia from $160.00 to $180.00 and gave the company a “buy” rating in a report on Friday, July 28th. Cowen and Company reiterated a “buy” rating on shares of Expedia in a report on Friday, July 28th. Deutsche Bank AG reiterated a “buy” rating and issued a $175.00 target price (up from $158.00) on shares of Expedia in a report on Wednesday, July 26th. Finally, BidaskClub lowered shares of Expedia from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Expedia has an average rating of “Buy” and an average target price of $159.61.
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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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