Sei Investments Co. Boosts Holdings in Expedia, Inc. (EXPE)

Sei Investments Co. boosted its position in Expedia, Inc. (NASDAQ:EXPE) by 7.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 209,039 shares of the online travel company’s stock after purchasing an additional 15,388 shares during the quarter. Sei Investments Co. owned approximately 0.14% of Expedia worth $25,037,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Douglas Lane & Associates LLC raised its holdings in Expedia by 26.6% in the fourth quarter. Douglas Lane & Associates LLC now owns 313,239 shares of the online travel company’s stock worth $37,517,000 after purchasing an additional 65,821 shares in the last quarter. Pinebridge Investments L.P. bought a new position in shares of Expedia during the third quarter valued at $840,000. Teacher Retirement System of Texas increased its holdings in shares of Expedia by 1,169.4% during the third quarter. Teacher Retirement System of Texas now owns 42,487 shares of the online travel company’s stock valued at $6,116,000 after acquiring an additional 39,140 shares in the last quarter. Boyd Watterson Asset Management LLC OH increased its holdings in shares of Expedia by 23.3% during the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 10,279 shares of the online travel company’s stock valued at $1,231,000 after acquiring an additional 1,940 shares in the last quarter. Finally, Stevens Capital Management LP bought a new position in shares of Expedia during the third quarter valued at $4,408,000. Institutional investors and hedge funds own 82.50% of the company’s stock.

In other news, Director Dara Khosrowshahi sold 150,000 shares of Expedia stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $125.00, for a total transaction of $18,750,000.00. Following the transaction, the director now directly owns 522,348 shares of the company’s stock, valued at approximately $65,293,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Lance A. Soliday sold 2,401 shares of Expedia 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 transaction, the insider now directly owns 5,744 shares in the company, valued at $691,405.28. The disclosure for this sale can be found here. 20.95% of the stock is owned by insiders.

Expedia, Inc. (NASDAQ EXPE) opened at $103.85 on Friday. Expedia, Inc. has a 12-month low of $98.52 and a 12-month high of $161.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.72 and a current ratio of 0.70. The firm has a market capitalization of $15,564.72, a PE ratio of 28.08, a PEG ratio of 1.82 and a beta of 0.89.

Expedia (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, February 8th. The online travel company reported $0.84 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.31). Expedia had a net margin of 3.76% and a return on equity of 9.66%. The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the previous year, the firm earned $1.17 earnings per share. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. sell-side analysts predict that Expedia, Inc. will post 3.62 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Thursday, March 8th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, March 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.16%. Expedia’s payout ratio is currently 50.63%.

Several equities research analysts recently commented on EXPE shares. Morgan Stanley upgraded Expedia from an “equal weight” rating to an “overweight” rating in a report on Wednesday, January 10th. Citigroup reiterated a “buy” rating and issued a $170.00 price objective (down from $180.00) on shares of Expedia in a report on Friday, October 27th. SunTrust Banks lifted their price objective on Expedia to $180.00 and gave the stock a “buy” rating in a report on Friday, January 12th. They noted that the move was a valuation call. Zacks Investment Research upgraded Expedia from a “hold” rating to a “buy” rating and set a $148.00 price objective for the company in a report on Tuesday, January 16th. Finally, Deutsche Bank reiterated a “buy” rating and issued a $171.00 price objective (down from $175.00) on shares of Expedia in a report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-one have given a buy rating to the company’s stock. Expedia currently has a consensus rating of “Buy” and an average target price of $149.81.

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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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