AlphaStar Capital Management LLC bought a new position in shares of Expedia, Inc. (NASDAQ:EXPE) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 1,812 shares of the online travel company’s stock, valued at approximately $261,000.
A number of other hedge funds also recently made changes to their positions in EXPE. Swiss National Bank grew its stake in shares of Expedia by 2.9% during the 2nd quarter. Swiss National Bank now owns 450,370 shares of the online travel company’s stock worth $67,083,000 after acquiring an additional 12,700 shares in the last quarter. Pinebridge Investments L.P. bought a new position in shares of Expedia during the 3rd quarter worth approximately $840,000. OZ Management LP bought a new position in shares of Expedia during the 2nd quarter worth approximately $1,892,000. Teacher Retirement System of Texas grew its stake in shares of Expedia by 1,169.4% during the 3rd quarter. Teacher Retirement System of Texas now owns 42,487 shares of the online travel company’s stock worth $6,116,000 after acquiring an additional 39,140 shares in the last quarter. Finally, Stevens Capital Management LP bought a new position in shares of Expedia during the 3rd quarter worth approximately $4,408,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.
EXPE has been the subject of several research reports. Citigroup reaffirmed a “buy” rating and set a $170.00 price target (down from $180.00) on shares of Expedia in a research note on Friday, October 27th. Zacks Investment Research cut shares of Expedia from a “hold” rating to a “sell” rating in a research note on Monday, September 11th. Deutsche Bank reissued a “buy” rating and issued a $171.00 target price (down from $175.00) on shares of Expedia in a research note on Tuesday, October 24th. Stifel Nicolaus reissued a “hold” rating and issued a $160.00 target price on shares of Expedia in a research note on Thursday, September 7th. Finally, BidaskClub cut shares of Expedia from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 2nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Expedia currently has an average rating of “Buy” and an average price target of $159.44.
In related news, Director Dara Khosrowshahi sold 150,000 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $125.00, for a total value of $18,750,000.00. Following the completion of the transaction, the director now owns 522,348 shares of the company’s stock, valued at $65,293,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Lance A. Soliday sold 2,401 shares of the business’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $120.37, for a total value of $289,008.37. Following the completion of the transaction, the insider now directly owns 5,744 shares of the company’s stock, valued at approximately $691,405.28. The disclosure for this sale can be found here. Insiders have sold 354,949 shares of company stock valued at $43,978,025 in the last three months. Insiders own 20.88% of the company’s stock.
Expedia, Inc. (EXPE) traded up $1.65 on Tuesday, hitting $121.42. The stock had a trading volume of 1,550,213 shares, compared to its average volume of 1,920,000. Expedia, Inc. has a 12 month low of $111.88 and a 12 month high of $161.00. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $18,520.00, a P/E ratio of 47.99, a P/E/G ratio of 1.87 and a beta of 0.89.
Expedia (NASDAQ:EXPE) last posted its earnings results on Thursday, October 26th. The online travel company reported $2.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.61 by ($0.10). Expedia had a return on equity of 10.71% and a net margin of 4.09%. The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period in the prior year, the business posted $2.41 EPS. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. sell-side analysts expect that Expedia, Inc. will post 3.91 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 7th. Stockholders of record on Thursday, November 16th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Wednesday, November 15th. Expedia’s dividend payout ratio is currently 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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