First Trust Advisors LP Boosts Stake in Expedia, Inc. (EXPE)

First Trust Advisors LP grew its stake in shares of Expedia, Inc. (NASDAQ:EXPE) by 28.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,371,635 shares of the online travel company’s stock after acquiring an additional 306,536 shares during the period. First Trust Advisors LP owned about 0.90% of Expedia worth $164,281,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its position in shares of Expedia by 5.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,115,880 shares of the online travel company’s stock valued at $304,558,000 after acquiring an additional 116,781 shares during the period. American Century Companies Inc. raised its position in shares of Expedia by 22.0% during the 3rd quarter. American Century Companies Inc. now owns 2,031,943 shares of the online travel company’s stock worth $292,478,000 after purchasing an additional 365,857 shares during the last quarter. Artisan Partners Limited Partnership raised its position in shares of Expedia by 18.2% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,698,375 shares of the online travel company’s stock worth $244,464,000 after purchasing an additional 260,929 shares during the last quarter. Boston Partners raised its position in shares of Expedia by 3.8% during the 4th quarter. Boston Partners now owns 876,228 shares of the online travel company’s stock worth $104,946,000 after purchasing an additional 32,385 shares during the last quarter. Finally, Frontier Capital Management Co. LLC raised its position in shares of Expedia by 1.4% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 753,889 shares of the online travel company’s stock worth $108,515,000 after purchasing an additional 10,186 shares during the last quarter. Institutional investors own 82.50% of the company’s stock.

Shares of Expedia, Inc. (EXPE) opened at $101.76 on Wednesday. Expedia, Inc. has a 12-month low of $98.52 and a 12-month high of $161.00. The company has a current ratio of 0.70, a quick ratio of 0.72 and a debt-to-equity ratio of 0.61. The firm has a market cap of $15,654.55, a price-to-earnings ratio of 42.94, a P/E/G ratio of 1.44 and a beta of 0.89.

Expedia (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, February 8th. The online travel company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.31). Expedia had a return on equity of 9.66% and a net margin of 3.76%. The firm had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the firm earned $1.17 EPS. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. analysts anticipate that Expedia, Inc. will post 4.28 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Thursday, March 8th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.18%. Expedia’s dividend payout ratio is currently 50.63%.

In other news, insider Lance A. Soliday sold 2,401 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $120.37, for a total value of $289,008.37. Following the sale, the insider now owns 5,744 shares in the company, valued at approximately $691,405.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dara Khosrowshahi sold 150,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $125.00, for a total transaction of $18,750,000.00. Following the completion of the sale, the director now owns 522,348 shares in the company, valued at approximately $65,293,500. The disclosure for this sale can be found here. Insiders own 20.88% of the company’s stock.

Several brokerages recently issued reports on EXPE. Zacks Investment Research downgraded Expedia from a “hold” rating to a “sell” rating in a research report on Tuesday. JPMorgan Chase & Co. lowered their target price on shares of Expedia from $129.00 to $115.00 and set a “neutral” rating for the company in a research note on Monday. Barclays reaffirmed a “buy” rating and issued a $130.00 target price on shares of Expedia in a research note on Sunday. TheStreet cut shares of Expedia from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. Finally, Cowen set a $125.00 target price on shares of Expedia and gave the stock a “buy” rating in a research note on Friday, February 9th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-two have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $150.15.

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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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