First Citizens Bank & Trust Co. reduced its stake in Expedia, Inc. (NASDAQ:EXPE) by 22.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,111 shares of the online travel company’s stock after selling 615 shares during the period. First Citizens Bank & Trust Co.’s holdings in Expedia were worth $253,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EXPE. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Expedia during the second quarter valued at $556,000. AXA lifted its holdings in shares of Expedia by 7.1% during the second quarter. AXA now owns 3,000 shares of the online travel company’s stock valued at $446,000 after purchasing an additional 200 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Expedia by 13.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,750 shares of the online travel company’s stock valued at $410,000 after purchasing an additional 320 shares in the last quarter. AJO LP bought a new position in shares of Expedia during the second quarter valued at $3,911,000. Finally, Stephens Inc. AR lifted its holdings in shares of Expedia by 5.8% during the second quarter. Stephens Inc. AR now owns 3,043 shares of the online travel company’s stock valued at $453,000 after purchasing an additional 168 shares in the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on EXPE. Cowen set a $135.00 price target on Expedia and gave the company a “buy” rating in a report on Sunday, October 29th. Stifel Nicolaus lowered their price target on Expedia from $160.00 to $140.00 and set a “hold” rating on the stock in a report on Friday, October 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $180.00 price target on shares of Expedia in a report on Thursday, September 28th. Oppenheimer reaffirmed a “buy” rating on shares of Expedia in a report on Wednesday, December 20th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $155.00 price target (down from $175.00) on shares of Expedia in a report on Friday, October 27th. Nine investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. Expedia has an average rating of “Buy” and a consensus price target of $159.18.
Expedia, Inc. (NASDAQ:EXPE) opened at $132.36 on Monday. The firm has a market capitalization of $20,180.00, a P/E ratio of 52.32, a price-to-earnings-growth ratio of 1.81 and a beta of 0.89. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.72 and a current ratio of 0.72. Expedia, Inc. has a 1-year low of $115.55 and a 1-year high of $161.00.
Expedia (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, October 26th. The online travel company reported $2.51 earnings per share for the quarter, missing the consensus estimate of $2.61 by ($0.10). The firm had revenue of $2.97 billion for 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 quarterly revenue 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.
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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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