Hartford Investment Management Co. reduced its position in Expedia, Inc. (NASDAQ:EXPE) by 2.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,444 shares of the online travel company’s stock after selling 645 shares during the period. Hartford Investment Management Co.’s holdings in Expedia were worth $3,939,000 as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of the company. Edge Wealth Management LLC acquired a new stake in Expedia during the first quarter worth $126,000. TNB Financial acquired a new stake in Expedia during the first quarter worth $4,178,000. Bank of Montreal Can raised its stake in Expedia by 122.9% in the first quarter. Bank of Montreal Can now owns 198,215 shares of the online travel company’s stock worth $25,010,000 after buying an additional 109,282 shares in the last quarter. National Pension Service raised its stake in Expedia by 4.5% in the first quarter. National Pension Service now owns 112,070 shares of the online travel company’s stock worth $14,509,000 after buying an additional 4,825 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its stake in Expedia by 1.1% in the first quarter. Gulf International Bank UK Ltd now owns 37,164 shares of the online travel company’s stock worth $4,688,000 after buying an additional 400 shares in the last quarter. Institutional investors own 81.22% of the company’s stock.
Shares of Expedia, Inc. (NASDAQ:EXPE) traded down 0.30% on Friday, reaching $143.71. 1,578,303 shares of the company’s stock traded hands. The stock has a market cap of $21.79 billion, a price-to-earnings ratio of 67.63 and a beta of 0.92. The firm’s 50-day moving average is $150.98 and its 200-day moving average is $137.85. Expedia, Inc. has a 52-week low of $105.62 and a 52-week high of $161.00.
Expedia (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, July 27th. The online travel company reported $0.89 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by $0.05. The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Expedia had a return on equity of 10.98% and a net margin of 3.49%. The business’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period last year, the company earned $0.83 earnings per share. Analysts anticipate that Expedia, Inc. will post $5.09 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This is a boost from Expedia’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.84%. Expedia’s dividend payout ratio is 53.08%.
A number of equities research analysts recently weighed in on the stock. TheStreet upgraded shares of Expedia from a “c+” rating to a “b” rating in a report on Thursday, July 27th. Royal Bank Of Canada restated an “outperform” rating and issued a $175.00 target price (up previously from $160.00) on shares of Expedia in a report on Friday, July 28th. Credit Suisse Group set a $175.00 target price on shares of Expedia and gave the stock a “buy” rating in a report on Saturday, July 29th. Stifel Nicolaus reiterated a “hold” rating and issued a $160.00 price objective (up previously from $135.00) on shares of Expedia in a research note on Sunday, July 30th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $140.00 price objective on shares of Expedia in a research note on Sunday, July 30th. Eight analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Expedia currently has a consensus rating of “Buy” and a consensus price target of $160.81.
In other news, Vice Chairman Victor Kaufman sold 35,598 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $149.29, for a total value of $5,314,425.42. Following the completion of the sale, the insider now directly owns 167,673 shares of the company’s stock, valued at $25,031,902.17. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mark D. Okerstrom sold 12,500 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $150.00, for a total transaction of $1,875,000.00. Following the completion of the sale, the executive vice president now directly owns 71,248 shares of the company’s stock, valued at $10,687,200. The disclosure for this sale can be found here. Over the last three months, insiders sold 134,326 shares of company stock valued at $20,478,885. Corporate insiders own 20.95% of the company’s stock.
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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