Nippon Life Insurance Co. lowered its stake in shares of Expedia, Inc. (NASDAQ:EXPE) by 3.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,750 shares of the online travel company’s stock after selling 265 shares during the period. Nippon Life Insurance Co.’s holdings in Expedia were worth $1,005,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in EXPE. Macquarie Group Ltd. boosted its stake in shares of Expedia by 345.3% in the fourth quarter. Macquarie Group Ltd. now owns 11,800 shares of the online travel company’s stock valued at $1,337,000 after buying an additional 9,150 shares during the last quarter. DnB Asset Management AS boosted its stake in shares of Expedia by 20.4% in the first quarter. DnB Asset Management AS now owns 13,579 shares of the online travel company’s stock valued at $1,713,000 after buying an additional 2,300 shares during the last quarter. Rice Hall James & Associates LLC boosted its stake in shares of Expedia by 3.0% in the first quarter. Rice Hall James & Associates LLC now owns 1,430 shares of the online travel company’s stock valued at $180,000 after buying an additional 41 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Expedia during the first quarter valued at $146,000. Finally, Candriam Luxembourg S.C.A. boosted its stake in shares of Expedia by 34.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 7,331 shares of the online travel company’s stock valued at $925,000 after buying an additional 1,897 shares during the last quarter. 81.22% of the stock is owned by institutional investors and hedge funds.

Shares of Expedia, Inc. (NASDAQ EXPE) opened at 145.03 on Tuesday. The company’s 50-day moving average is $150.87 and its 200 day moving average is $138.26. Expedia, Inc. has a 12 month low of $105.62 and a 12 month high of $161.00. The stock has a market capitalization of $21.99 billion, a P/E ratio of 68.25 and a beta of 0.92.

Expedia (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, July 27th. The online travel company reported $0.89 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by $0.05. Expedia had a net margin of 3.49% and a return on equity of 10.98%. The company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the company earned $0.83 EPS. The business’s revenue was up 17.8% compared to the same quarter last year. Equities research analysts predict that Expedia, Inc. will post $5.09 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $1.20 annualized dividend and a dividend yield of 0.83%. This is an increase from Expedia’s previous quarterly dividend of $0.28. Expedia’s dividend payout ratio is 53.08%.

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EXPE has been the subject of several analyst reports. Vetr cut shares of Expedia from a “buy” rating to a “hold” rating and set a $138.67 price target for the company. in a research report on Monday, April 24th. Royal Bank Of Canada reissued a “buy” rating and set a $160.00 price target on shares of Expedia in a research report on Tuesday, April 25th. Zacks Investment Research raised shares of Expedia from a “sell” rating to a “hold” rating in a research report on Wednesday, April 26th. Stifel Nicolaus cut shares of Expedia from a “buy” rating to a “hold” rating and increased their price target for the company from $133.00 to $135.00 in a research report on Friday, April 28th. They noted that the move was a valuation call. Finally, Needham & Company LLC increased their price target on shares of Expedia from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Eight equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $160.81.

In other news, Vice Chairman Victor Kaufman sold 35,598 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $149.29, for a total transaction of $5,314,425.42. Following the transaction, the insider now owns 167,673 shares in the company, valued at $25,031,902.17. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Dara Khosrowshahi sold 86,228 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $154.12, for a total transaction of $13,289,459.36. Following the transaction, the chief executive officer now owns 518,576 shares in the company, valued at approximately $79,922,933.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 134,326 shares of company stock worth $20,478,885. Corporate insiders own 20.88% of the company’s stock.

About Expedia

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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