Gareth Morgan Investments Limited Partnership bought a new position in shares of Expedia, Inc. (NASDAQ:EXPE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 9,155 shares of the online travel company’s stock, valued at approximately $1,364,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fiduciary Trust Co. acquired a new position in Expedia during the 2nd quarter worth about $127,000. Dupont Capital Management Corp acquired a new position in Expedia during the 2nd quarter worth about $143,000. State of Alaska Department of Revenue acquired a new position in Expedia during the 1st quarter worth about $146,000. Bessemer Group Inc. lifted its stake in Expedia by 16.6% during the 2nd quarter. Bessemer Group Inc. now owns 1,039 shares of the online travel company’s stock worth $155,000 after acquiring an additional 148 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its stake in Expedia by 18.7% during the 2nd quarter. CENTRAL TRUST Co now owns 1,059 shares of the online travel company’s stock worth $158,000 after acquiring an additional 167 shares in the last quarter. 84.42% of the stock is currently owned by hedge funds and other institutional investors.

Expedia, Inc. (NASDAQ:EXPE) opened at 143.99 on Thursday. The stock has a market cap of $21.83 billion, a P/E ratio of 67.76 and a beta of 0.97. Expedia, Inc. has a 1-year low of $105.62 and a 1-year high of $161.00. The company’s 50-day moving average price is $149.49 and its 200-day moving average price is $140.29.

Expedia (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by $0.05. The firm 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 revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.83 earnings per share. Analysts predict that Expedia, Inc. will post $5.05 EPS for the current year.

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

In other Expedia news, CEO Dara Khosrowshahi sold 86,228 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 518,576 shares of the company’s stock, valued at approximately $79,922,933.12. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mark D. Okerstrom sold 12,500 shares of the stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $150.41, for a total value of $1,880,125.00. Following the transaction, the executive vice president now directly owns 71,248 shares of the company’s stock, valued at $10,716,411.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 146,826 shares of company stock valued at $22,359,010. 20.95% of the stock is currently owned by corporate insiders.

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Several research firms recently issued reports on EXPE. Stifel Nicolaus reissued a “hold” rating and set a $160.00 target price on shares of Expedia in a research note on Thursday. Piper Jaffray Companies reissued a “buy” rating and set a $173.00 target price on shares of Expedia in a research note on Thursday, August 31st. SunTrust Banks, Inc. reissued a “buy” rating and set a $190.00 target price on shares of Expedia in a research note on Monday, August 28th. Cowen and Company reissued a “buy” rating and set a $170.00 target price on shares of Expedia in a research note on Sunday, August 27th. Finally, BidaskClub raised Expedia from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Six equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $162.60.

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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