5,000 Shares in Expedia, Inc. (EXPE) Purchased by Ardsley Advisory Partners

Ardsley Advisory Partners purchased a new position in shares of Expedia, Inc. (NASDAQ:EXPE) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,000 shares of the online travel company’s stock, valued at approximately $745,000.

A number of other large investors have also recently added to or reduced their stakes in EXPE. BlackRock Inc. boosted its position in Expedia by 3,458.6% during the 1st quarter. BlackRock Inc. now owns 7,832,689 shares of the online travel company’s stock worth $988,252,000 after acquiring an additional 7,612,585 shares during the last quarter. Balyasny Asset Management LLC acquired a new stake in shares of Expedia in the 2nd quarter valued at approximately $107,942,000. Jennison Associates LLC boosted its holdings in shares of Expedia by 17.6% in the 2nd quarter. Jennison Associates LLC now owns 3,998,193 shares of the online travel company’s stock valued at $595,531,000 after buying an additional 599,037 shares during the last quarter. Fred Alger Management Inc. acquired a new stake in shares of Expedia in the 2nd quarter valued at approximately $86,569,000. Finally, Artisan Partners Limited Partnership boosted its holdings in shares of Expedia by 61.9% in 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 buying an additional 549,366 shares during the last quarter. 84.34% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “5,000 Shares in Expedia, Inc. (EXPE) Purchased by Ardsley Advisory Partners” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this news story can be read at https://ledgergazette.com/2017/10/18/5000-shares-in-expedia-inc-expe-purchased-by-ardsley-advisory-partners.html.

In other Expedia news, EVP Mark D. Okerstrom sold 12,500 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $150.00, for a total value of $1,875,000.00. Following the transaction, the executive vice president now directly owns 71,248 shares in the company, valued at approximately $10,687,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Victor Kaufman sold 35,598 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was 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 in the company, valued at $25,031,902.17. The disclosure for this sale can be found here. Insiders sold a total of 146,826 shares of company stock worth $22,359,010 over the last 90 days. Corporate insiders own 20.88% of the company’s stock.

Expedia, Inc. (EXPE) traded up 1.97% on Wednesday, reaching $152.08. The company’s stock had a trading volume of 739,797 shares. Expedia, Inc. has a 52-week low of $111.88 and a 52-week high of $161.00. The firm has a market cap of $23.06 billion, a PE ratio of 71.57 and a beta of 0.92. The stock’s 50 day moving average price is $145.11 and its 200 day moving average price is $144.26.

Expedia (NASDAQ:EXPE) last announced its 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). The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. Expedia had a return on equity of 10.98% and a net margin of 3.49%. Expedia’s revenue was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.83 earnings per share. Equities research analysts expect that Expedia, Inc. will post $4.99 earnings per share for the current fiscal year.

EXPE has been the subject of several recent analyst reports. SunTrust Banks, Inc. reissued a “buy” rating and issued a $190.00 price objective on shares of Expedia in a report on Monday, August 28th. Cowen and Company set a $158.00 price objective on Expedia and gave the company a “buy” rating in a report on Thursday, October 12th. Credit Suisse Group set a $175.00 price objective on Expedia and gave the company a “buy” rating in a report on Saturday, July 29th. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Expedia in a report on Thursday, September 14th. Finally, Zacks Investment Research downgraded Expedia from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-five have given a buy rat

A number of other large investors have also recently added to or reduced their stakes in EXPE. BlackRock Inc. boosted its position in Expedia by 3,458.6% during the 1st quarter. BlackRock Inc. now owns 7,832,689 shares of the online travel company’s stock worth $988,252,000 after acquiring an additional 7,612,585 shares during the last quarter. Balyasny Asset Management LLC acquired a new stake in shares of Expedia in the 2nd quarter valued at approximately $107,942,000. Jennison Associates LLC boosted its holdings in shares of Expedia by 17.6% in the 2nd quarter. Jennison Associates LLC now owns 3,998,193 shares of the online travel company’s stock valued at $595,531,000 after buying an additional 599,037 shares during the last quarter. Fred Alger Management Inc. acquired a new stake in shares of Expedia in the 2nd quarter valued at approximately $86,569,000. Finally, Artisan Partners Limited Partnership boosted its holdings in shares of Expedia by 61.9% in 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 buying an additional 549,366 shares during the last quarter. 84.34% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “5,000 Shares in Expedia, Inc. (EXPE) Purchased by Ardsley Advisory Partners” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this news story can be read at https://ledgergazette.com/2017/10/18/5000-shares-in-expedia-inc-expe-purchased-by-ardsley-advisory-partners.html.

In other Expedia news, EVP Mark D. Okerstrom sold 12,500 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $150.00, for a total value of $1,875,000.00. Following the transaction, the executive vice president now directly owns 71,248 shares in the company, valued at approximately $10,687,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Victor Kaufman sold 35,598 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was 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 in the company, valued at $25,031,902.17. The disclosure for this sale can be found here. Insiders sold a total of 146,826 shares of company stock worth $22,359,010 over the last 90 days. Corporate insiders own 20.88% of the company’s stock.

Expedia, Inc. (EXPE) traded up 1.97% on Wednesday, reaching $152.08. The company’s stock had a trading volume of 739,797 shares. Expedia, Inc. has a 52-week low of $111.88 and a 52-week high of $161.00. The firm has a market cap of $23.06 billion, a PE ratio of 71.57 and a beta of 0.92. The stock’s 50 day moving average price is $145.11 and its 200 day moving average price is $144.26.

Expedia (NASDAQ:EXPE) last announced its 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). The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. Expedia had a return on equity of 10.98% and a net margin of 3.49%. Expedia’s revenue was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.83 earnings per share. Equities research analysts expect that Expedia, Inc. will post $4.99 earnings per share for the current fiscal year.

EXPE has been the subject of several recent analyst reports. SunTrust Banks, Inc. reissued a “buy” rating and issued a $190.00 price objective on shares of Expedia in a report on Monday, August 28th. Cowen and Company set a $158.00 price objective on Expedia and gave the company a “buy” rating in a report on Thursday, October 12th. Credit Suisse Group set a $175.00 price objective on Expedia and gave the company a “buy” rating in a report on Saturday, July 29th. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Expedia in a report on Thursday, September 14th. Finally, Zacks Investment Research downgraded Expedia from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $163.34.

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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