Rafferty Asset Management LLC Increases Holdings in Expedia, Inc. (EXPE)

Rafferty Asset Management LLC raised its holdings in shares of Expedia, Inc. (NASDAQ:EXPE) by 11.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,781 shares of the online travel company’s stock after acquiring an additional 1,017 shares during the period. Rafferty Asset Management LLC’s holdings in Expedia were worth $1,457,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Mutual of America Capital Management LLC lifted its stake in Expedia by 11.5% during the 2nd quarter. Mutual of America Capital Management LLC now owns 16,784 shares of the online travel company’s stock valued at $2,500,000 after acquiring an additional 1,732 shares during the period. Artisan Partners Limited Partnership lifted its stake in Expedia by 61.9% during the 2nd quarter. Artisan Partners Limited Partnership now owns 1,437,446 shares of the online travel company’s stock valued at $214,108,000 after acquiring an additional 549,366 shares during the period. Howard Hughes Medical Institute acquired a new stake in Expedia during the 2nd quarter valued at approximately $6,703,000. Thrivent Financial For Lutherans lifted its stake in Expedia by 5.8% during the 2nd quarter. Thrivent Financial For Lutherans now owns 89,310 shares of the online travel company’s stock valued at $13,303,000 after acquiring an additional 4,920 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in Expedia by 0.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 33,249 shares of the online travel company’s stock valued at $4,953,000 after acquiring an additional 279 shares during the period. Institutional investors and hedge funds own 84.37% of the company’s stock.

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Shares of Expedia, Inc. (EXPE) opened at 145.77 on Friday. The stock’s 50 day moving average is $146.32 and its 200-day moving average is $141.84. Expedia, Inc. has a 12-month low of $107.10 and a 12-month high of $161.00. The stock has a market cap of $22.10 billion, a price-to-earnings ratio of 68.60 and a beta of 0.97.

Expedia (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.05). Expedia had a net margin of 3.49% and a return on equity of 10.98%. The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the prior year, the business earned $0.83 EPS. The company’s quarterly revenue was up 17.8% compared to the same quarter last year. Equities analysts anticipate that Expedia, Inc. will post $5.03 EPS for the current fiscal year.

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

Several analysts have commented on EXPE shares. SunTrust Banks, Inc. restated a “buy” rating and set a $190.00 price objective on shares of Expedia in a research note on Monday, August 28th. Cantor Fitzgerald restated a “buy” rating and set a $178.00 price objective on shares of Expedia in a research note on Wednesday, May 31st. 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. Cowen and Company restated a “buy” rating and set a $170.00 price objective on shares of Expedia in a research note on Sunday, August 27th. Finally, Zacks Investment Research cut shares of Expedia from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $162.75.

In other news, CEO Dara Khosrowshahi sold 86,228 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 518,576 shares in the company, valued at $79,922,933.12. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Vice Chairman Victor Kaufman sold 35,598 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $149.29, for a total value of $5,314,425.42. Following the completion of the transaction, the insider now owns 167,673 shares of the company’s stock, valued at approximately $25,031,902.17. The disclosure for this sale can be found here. In the last 90 days, insiders sold 146,826 shares of company stock valued at $22,359,010. Company insiders own 20.95% 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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