Wesbanco Bank Inc. reduced its stake in shares of Expedia, Inc. (NASDAQ:EXPE) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,831 shares of the online travel company’s stock after selling 258 shares during the period. Wesbanco Bank Inc.’s holdings in Expedia were worth $3,550,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Macquarie Group Ltd. increased 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 period. State of Alaska Department of Revenue purchased a new position in shares of Expedia during the first quarter valued at about $146,000. Candriam Luxembourg S.C.A. increased its position 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. Glen Harbor Capital Management LLC increased its position in shares of Expedia by 18.6% in the first quarter. Glen Harbor Capital Management LLC now owns 6,494 shares of the online travel company’s stock valued at $819,000 after buying an additional 1,020 shares during the last quarter. Finally, First Mercantile Trust Co. increased its position in shares of Expedia by 14.6% in the first quarter. First Mercantile Trust Co. now owns 2,424 shares of the online travel company’s stock valued at $306,000 after buying an additional 309 shares during the last quarter. 84.42% of the stock is currently owned by institutional investors.

Expedia, Inc. (NASDAQ:EXPE) traded up 0.10% during mid-day trading on Wednesday, hitting $144.13. 384,795 shares of the company were exchanged. The company has a market cap of $21.86 billion, a price-to-earnings ratio of 67.83 and a beta of 0.92. Expedia, Inc. has a 12-month low of $105.62 and a 12-month high of $161.00. The stock’s 50 day moving average is $150.80 and its 200-day moving average is $138.80. Expedia also was the target of some unusual options trading on Monday. Stock traders acquired 13,299 put options on the stock. This is an increase of 440% compared to the average volume of 2,463 put options.

Expedia (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, July 27th. The online travel company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.94 by $0.05. The business had revenue of $2.59 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the business earned $0.83 earnings per share. Equities research analysts predict that Expedia, Inc. will post $5.10 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be paid a $0.30 dividend. The ex-dividend date is Tuesday, August 22nd. This is a positive change from Expedia’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 0.83%. Expedia’s dividend payout ratio (DPR) is 56.87%.

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EXPE has been the topic of several recent analyst reports. JMP Securities reissued an “outperform” rating and set a $155.00 price objective (up previously from $142.00) on shares of Expedia in a research note on Tuesday, May 2nd. Cantor Fitzgerald reissued a “buy” rating and set a $178.00 price objective on shares of Expedia in a research note on Wednesday, May 31st. SunTrust Banks, Inc. reissued a “buy” rating and set a $190.00 price objective on shares of Expedia in a research note on Monday. Credit Suisse Group set a $175.00 price objective on shares of Expedia and gave the company a “buy” rating in a research note on Saturday, July 29th. Finally, Cowen and Company reissued a “buy” rating and set a $170.00 price objective on shares of Expedia in a research note on Sunday. Six investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Expedia has a consensus rating of “Buy” and an average price target of $162.60.

In related news, CEO Dara Khosrowshahi sold 86,228 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $154.12, for a total value of $13,289,459.36. Following the sale, the chief executive officer now directly owns 518,576 shares of the company’s stock, valued at $79,922,933.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark D. Okerstrom sold 12,500 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $150.00, for a total value of $1,875,000.00. Following the completion of the sale, the executive vice president now directly owns 71,248 shares in the company, valued at $10,687,200. The disclosure for this sale can be found here. Insiders sold 146,826 shares of company stock worth $22,359,010 over the last ninety days. 20.88% of the stock is currently owned by insiders.

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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