FIL Ltd increased its stake in shares of Expedia, Inc. (NASDAQ:EXPE) by 150.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,465 shares of the online travel company’s stock after purchasing an additional 82,561 shares during the quarter. FIL Ltd owned 0.09% of Expedia worth $20,475,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Swiss National Bank grew its stake in Expedia by 2.9% during the 2nd quarter. Swiss National Bank now owns 450,370 shares of the online travel company’s stock worth $67,083,000 after purchasing an additional 12,700 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its position in shares of Expedia by 7.7% during the 1st quarter. Cornerstone Capital Management Holdings LLC. now owns 309,948 shares of the online travel company’s stock worth $39,105,000 after acquiring an additional 22,056 shares in the last quarter. OZ Management LP acquired a new position in shares of Expedia during the 2nd quarter worth about $1,892,000. Hartwell J M Limited Partnership boosted its position in shares of Expedia by 229.1% during the 2nd quarter. Hartwell J M Limited Partnership now owns 28,975 shares of the online travel company’s stock worth $4,316,000 after acquiring an additional 20,170 shares in the last quarter. Finally, Marshall Wace North America L.P. acquired a new position in shares of Expedia during the 1st quarter worth about $499,000. 84.37% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on EXPE shares. TheStreet raised Expedia from a “c+” rating to a “b” rating in a research report on Thursday, July 27th. Zacks Investment Research raised Expedia from a “hold” rating to a “buy” rating and set a $174.00 price objective for the company in a research report on Friday, July 21st. Cantor Fitzgerald reaffirmed a “buy” rating and set a $178.00 price objective on shares of Expedia in a research report on Wednesday, May 31st. Argus started coverage on Expedia in a research report on Wednesday, July 5th. They set a “buy” rating and a $178.00 price objective for the company. Finally, Citigroup Inc. raised Expedia from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $147.89 to $130.00 in a research report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $162.75.

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Expedia, Inc. (NASDAQ EXPE) opened at 145.77 on Monday. The stock has a market capitalization of $22.10 billion, a P/E ratio of 68.60 and a beta of 0.97. The stock’s 50 day moving average price is $146.32 and its 200-day moving average price is $141.84. Expedia, Inc. has a 52 week low of $108.50 and a 52 week high of $161.00.

Expedia (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.05). The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. Expedia had a net margin of 3.49% and a return on equity of 10.98%. The business’s quarterly revenue was up 17.8% on a year-over-year basis. During the same period last year, the firm posted $0.83 EPS. Equities research analysts expect that Expedia, Inc. will post $5.03 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Tuesday, August 22nd. This is a boost from Expedia’s previous quarterly dividend of $0.28. Expedia’s payout ratio is 56.87%.

In related news, CEO Dara Khosrowshahi sold 86,228 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $154.12, for a total transaction of $13,289,459.36. Following the sale, the chief executive officer now owns 518,576 shares of the company’s stock, valued at $79,922,933.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Vice Chairman Victor Kaufman sold 35,598 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $149.29, for a total value of $5,314,425.42. Following the sale, the insider now directly owns 167,673 shares in the company, valued at approximately $25,031,902.17. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 146,826 shares of company stock worth $22,359,010. Corporate insiders own 20.88% of the company’s stock.

Expedia Company Profile

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.

Institutional Ownership by Quarter for Expedia (NASDAQ:EXPE)

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