The World Asset Management Inc Boosts Position in Expedia Inc. (EXPE)

The World Asset Management Inc Boosts Position in Expedia Inc. (EXPE)

World Asset Management Inc raised its stake in shares of Expedia Inc. (NASDAQ:EXPE) by 4.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,977 shares of the online travel company’s stock after buying an additional 558 shares during the period. World Asset Management Inc’s holdings in Expedia were worth $1,398,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Capstone Asset Management Co. increased its stake in Expedia by 1.3% in the third quarter. Capstone Asset Management Co. now owns 17,806 shares of the online travel company’s stock valued at $2,078,000 after buying an additional 220 shares during the period. BNP Paribas Arbitrage SA increased its stake in Expedia by 29.7% in the third quarter. BNP Paribas Arbitrage SA now owns 140,094 shares of the online travel company’s stock valued at $16,352,000 after buying an additional 32,109 shares during the period. Exxonmobil Investment Management Inc. TX increased its stake in Expedia by 1.4% in the third quarter. Exxonmobil Investment Management Inc. TX now owns 30,764 shares of the online travel company’s stock valued at $3,591,000 after buying an additional 421 shares during the period. Nationwide Fund Advisors increased its stake in Expedia by 1.6% in the third quarter. Nationwide Fund Advisors now owns 61,618 shares of the online travel company’s stock valued at $7,192,000 after buying an additional 996 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Expedia by 1.0% in the second quarter. Principal Financial Group Inc. now owns 181,232 shares of the online travel company’s stock valued at $19,262,000 after buying an additional 1,745 shares during the period. Hedge funds and other institutional investors own 84.08% of the company’s stock.

Shares of Expedia Inc. (NASDAQ:EXPE) traded down 0.42% during trading on Thursday, reaching $118.84. The company had a trading volume of 988,925 shares. The stock has a 50 day moving average price of $117.89 and a 200 day moving average price of $117.51. Expedia Inc. has a 12 month low of $88.40 and a 12 month high of $133.55. The firm has a market capitalization of $17.83 billion, a PE ratio of 94.47 and a beta of 0.72.

Expedia (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, October 27th. The online travel company reported $2.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.24 by $0.17. The business earned $2.58 billion during the quarter, compared to analyst estimates of $2.56 billion. Expedia had a return on equity of 10.39% and a net margin of 2.11%. The firm’s revenue was up 33.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.07 EPS. On average, equities research analysts forecast that Expedia Inc. will post $4.73 EPS for the current year.

Several equities analysts have issued reports on EXPE shares. Zacks Investment Research cut shares of Expedia from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th. Royal Bank Of Canada upped their price target on shares of Expedia from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, October 7th. Susquehanna began coverage on shares of Expedia in a research note on Wednesday, October 19th. They set a “positive” rating and a $160.00 price target on the stock. RBC Capital Markets reaffirmed a “buy” rating and set a $165.00 price target (up from $160.00) on shares of Expedia in a research note on Friday, October 7th. Finally, Benchmark Co. upped their price target on shares of Expedia from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, October 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $137.03.

In related news, CEO Dara Khosrowshahi sold 101,300 shares of the business’s stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $125.03, for a total value of $12,665,539.00. Following the completion of the sale, the chief executive officer now directly owns 394,046 shares in the company, valued at approximately $49,267,571.38. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Lance A. Soliday sold 1,982 shares of the business’s stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $116.62, for a total value of $231,140.84. Following the completion of the sale, the insider now owns 3,397 shares of the company’s stock, valued at $396,158.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 114,542 shares of company stock valued at $14,360,480. Corporate insiders own 20.95% of the company’s stock.

Expedia Company Profile

Expedia, Inc is an online travel company. The Company makes travel products and services available, on a standalone and package basis, provided by various lodging properties, airlines, car rental companies, destination service providers, cruise lines and other travel product and service companies. Its Core OTA segment provides a range of travel and advertising services, 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, Venere, Wotif Group, CarRentals.com, and Classic Vacations.

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