Expedia Inc (EXPE) : Chartist Inc Ca has sold out all of its stake in Expedia Inc during the most recent quarter, according to the disclosure filed by the company on Aug 2, 2016 with the SEC. The investment management company has sold out 2,077 shares of Expedia Inc which is valued at $233,787.
Other Hedge Funds, Including , Quantitative Investment Management sold out all of its stake in EXPE during the most recent quarter. The investment firm sold 13,000 shares of EXPE which is valued $1,463,280. Evercore Wealth Management sold out all of its stake in EXPE during the most recent quarter. The investment firm sold 39 shares of EXPE which is valued $4,390.Meeder Asset Management Inc reduced its stake in EXPE by selling 1,587 shares or 43.18% in the most recent quarter. The Hedge Fund company now holds 2,088 shares of EXPE which is valued at $244,714. Expedia Inc makes up approx 0.02% of Meeder Asset Management Inc’s portfolio.Hartford Investment Management Co reduced its stake in EXPE by selling 883 shares or 3.06% in the most recent quarter. The Hedge Fund company now holds 27,952 shares of EXPE which is valued at $3,275,974. Expedia Inc makes up approx 0.07% of Hartford Investment Management Co’s portfolio.Telemus Capital boosted its stake in EXPE in the latest quarter, The investment management firm added 4,000 additional shares and now holds a total of 12,000 shares of Expedia Inc which is valued at $1,406,280. Expedia Inc makes up approx 0.16% of Telemus Capital’s portfolio.
Expedia Inc opened for trading at $113.37 and hit $114.2 on the upside on Monday, eventually ending the session at $114.09, with a gain of 0.76% or 0.86 points. The heightened volatility saw the trading volume jump to 14,61,198 shares. Company has a market cap of $17,081 M.
On the company’s financial health, Expedia Inc reported $0.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.75. The company had revenue of $2196.00 million for the quarter, compared to analysts expectations of $2241.59 million. The company’s revenue was up 32.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS.
Investors should note that on Jul 28, 2016, Expedia Inc announced a cash dividend of $0.2600. The company’s management has announced Aug 23, 2016 as the ex-dividend date and fixed the record date on Aug 25, 2016. The payable date has been fixed on Sep 15, 2016.
Many Wall Street Analysts have commented on Expedia Inc. Company shares were Reiterated by Barclays on Jul 29, 2016 to “Overweight”, Firm has raised the Price Target to $ 130 from a previous price target of $120 .
Expedia Inc. (Expedia) is an online travel company. The Company provides travel products and services provided by various lodging properties airlines car rental companies destination service providers cruise lines and other travel product and service companies. Its segments include Core Online Travel Agencies which 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 around the world EAN Hotwire.com Travelocity Venere Wotif Group CarRentals.com and Classic Vacations; trivago which is engaged in sending referrals to online travel companies and travel service providers from its hotel metasearch Websites and Egencia which provides managed travel services. In addition it offers Travelocity Orbitz ebookers HotelClub and CheapTickets brands and business-to-business offerings including Orbitz Partner Network and Orbitz for Business.