Crossmark Global Holdings Inc. lessened its holdings in shares of Expedia, Inc. (NASDAQ:EXPE) by 24.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,241 shares of the online travel company’s stock after selling 3,654 shares during the period. Crossmark Global Holdings Inc.’s holdings in Expedia were worth $1,346,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Strategic Financial Services Inc boosted its stake in Expedia by 4.8% in the 4th quarter. Strategic Financial Services Inc now owns 17,825 shares of the online travel company’s stock worth $2,135,000 after purchasing an additional 815 shares in the last quarter. Stephens Investment Management Group LLC boosted its stake in Expedia by 12.1% in the 4th quarter. Stephens Investment Management Group LLC now owns 221,654 shares of the online travel company’s stock worth $26,547,000 after purchasing an additional 23,860 shares in the last quarter. Stephens Inc. AR boosted its stake in Expedia by 39.0% in the 4th quarter. Stephens Inc. AR now owns 5,047 shares of the online travel company’s stock worth $604,000 after purchasing an additional 1,417 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in Expedia by 3.5% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 24,179 shares of the online travel company’s stock worth $2,896,000 after purchasing an additional 825 shares in the last quarter. Finally, Comerica Bank boosted its stake in Expedia by 13.9% in the 4th quarter. Comerica Bank now owns 40,728 shares of the online travel company’s stock worth $5,312,000 after purchasing an additional 4,957 shares in the last quarter. Hedge funds and other institutional investors own 82.50% of the company’s stock.

A number of equities analysts recently issued reports on EXPE shares. BidaskClub cut shares of Expedia from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 2nd. Argus cut shares of Expedia from a “buy” rating to a “hold” rating and set a $178.00 price target on the stock. in a research note on Tuesday, December 5th. SunTrust Banks boosted their target price on Expedia to $180.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. They noted that the move was a valuation call. Morgan Stanley decreased their target price on Expedia from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, February 9th. Finally, UBS Group reissued a “buy” rating and issued a $154.00 target price (down previously from $170.00) on shares of Expedia in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $149.81.

In related news, Director Dara Khosrowshahi sold 150,000 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $125.00, for a total value of $18,750,000.00. Following the completion of the sale, the director now directly owns 522,348 shares of the company’s stock, valued at approximately $65,293,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lance A. Soliday sold 2,401 shares of the stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $120.37, for a total transaction of $289,008.37. Following the completion of the sale, the insider now directly owns 5,744 shares of the company’s stock, valued at $691,405.28. The disclosure for this sale can be found here. Corporate insiders own 20.95% of the company’s stock.

Shares of Expedia, Inc. (NASDAQ EXPE) opened at $100.10 on Thursday. Expedia, Inc. has a 52-week low of $98.52 and a 52-week high of $161.00. The company has a market cap of $15,493.16, a PE ratio of 27.96, a PEG ratio of 1.81 and a beta of 0.89. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.72 and a current ratio of 0.70.

Expedia (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, February 8th. The online travel company reported $0.84 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by ($0.31). Expedia had a net margin of 3.76% and a return on equity of 9.66%. The business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the previous year, the company earned $1.17 EPS. Expedia’s revenue for the quarter was up 10.8% compared to the same quarter last year. sell-side analysts expect that Expedia, Inc. will post 3.62 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Thursday, March 8th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Wednesday, March 7th. Expedia’s dividend payout ratio is 50.63%.

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Expedia 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.

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Institutional Ownership by Quarter for Expedia (NASDAQ:EXPE)

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