Latest Stocks: Comerica Bank Has $4.92 Million Position in Expedia Inc (EXPE)

Latest Stocks: Comerica Bank Has $4.92 Million Position in Expedia Inc (EXPE)

Comerica Bank increased its stake in shares of Expedia Inc (NASDAQ:EXPE) by 2.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,152 shares of the online travel company’s stock after buying an additional 771 shares during the period. Comerica Bank’s holdings in Expedia were worth $4,924,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in EXPE. World Asset Management Inc raised its position in Expedia by 4.9% in the third quarter. World Asset Management Inc now owns 11,977 shares of the online travel company’s stock worth $1,398,000 after buying an additional 558 shares during the last quarter. State of Wisconsin Investment Board raised its position in Expedia by 6.6% in the third quarter. State of Wisconsin Investment Board now owns 255,222 shares of the online travel company’s stock worth $29,790,000 after buying an additional 15,900 shares during the last quarter. Jennison Associates LLC acquired a new position in Expedia during the third quarter worth $123,579,000. First Trust Advisors LP raised its position in Expedia by 6.1% in the third quarter. First Trust Advisors LP now owns 972,988 shares of the online travel company’s stock valued at $113,567,000 after buying an additional 56,164 shares during the last quarter. Finally, Lourd Capital LLC raised its position in Expedia by 1.8% in the third quarter. Lourd Capital LLC now owns 4,954 shares of the online travel company’s stock valued at $578,000 after buying an additional 89 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Expedia Inc (EXPE) opened at 147.87 on Tuesday. The firm’s 50-day moving average is $139.57 and its 200-day moving average is $126.58. Expedia Inc has a 12 month low of $96.58 and a 12 month high of $148.10. The stock has a market cap of $22.32 billion, a P/E ratio of 75.06 and a beta of 0.69.

Expedia (NASDAQ:EXPE) last issued its earnings results on Thursday, April 27th. The online travel company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.15. The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.14 billion. Expedia had a return on equity of 11.54% and a net margin of 3.06%. Expedia’s revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 earnings per share. On average, equities analysts forecast that Expedia Inc will post $5.29 earnings per share for the current fiscal year. The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, May 25th will be paid a $0.28 dividend. The ex-dividend date is Tuesday, May 23rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.76%. Expedia’s payout ratio is 60.47%.

Expedia (NASDAQ:EXPE) last issued its earnings results on Thursday, April 27th. The online travel company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.15. The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.14 billion. Expedia had a return on equity of 11.54% and a net margin of 3.06%. Expedia’s revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 earnings per share. On average, equities analysts forecast that Expedia Inc will post $5.29 earnings per share for the current fiscal year. Several research firms have weighed in on EXPE. Cantor Fitzgerald reiterated a “buy” rating and issued a $178.00 target price on shares of Expedia in a report on Wednesday, May 31st. Raymond James Financial, Inc. reiterated a “market perform” rating and issued a $139.00 target price on shares of Expedia in a report on Thursday, May 18th. They noted that the move was a valuation call. MKM Partners reissued a “buy” rating and issued a $165.00 price target (up from $145.00) on shares of Expedia in a research note on Monday, May 8th. JMP Securities reissued an “outperform” rating and issued a $155.00 price target (up from $142.00) on shares of Expedia in a research note on Tuesday, May 2nd. Finally, Stifel Nicolaus downgraded shares of Expedia from a “buy” rating to a “hold” rating and boosted their price target for the company from $133.00 to $135.00 in a research note on Friday, April 28th. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $147.06.

In other Expedia news, Director Susan C. Athey sold 670 shares of the stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $138.59, for a total transaction of $92,855.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Lance A. Soliday sold 2,544 shares of the stock in a transaction on Friday, May 19th. The stock was sold at an average price of $142.30, for a total value of $362,011.20. Following the transaction, the insider now owns 4,815 shares of the company’s stock, valued at $685,174.50. The disclosure for this sale can be found here. Insiders sold 38,043 shares of company stock valued at $5,330,777 over the last 90 days. 20.95% of the stock is currently owned by corporate insiders. About Expedia

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