ETRADE Capital Management LLC Acquires 836 Shares of Expedia, Inc. (EXPE)

ETRADE Capital Management LLC raised its holdings in shares of Expedia, Inc. (NASDAQ:EXPE) by 5.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,417 shares of the online travel company’s stock after acquiring an additional 836 shares during the quarter. ETRADE Capital Management LLC’s holdings in Expedia were worth $2,219,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Swiss National Bank increased its holdings in shares of Expedia by 2.9% in the second quarter. Swiss National Bank now owns 450,370 shares of the online travel company’s stock worth $67,083,000 after purchasing an additional 12,700 shares during the last quarter. OZ Management LP bought a new stake in shares of Expedia in the second quarter worth about $1,892,000. Teacher Retirement System of Texas increased its holdings in shares of Expedia by 1,169.4% in the third quarter. Teacher Retirement System of Texas now owns 42,487 shares of the online travel company’s stock worth $6,116,000 after purchasing an additional 39,140 shares during the last quarter. Stevens Capital Management LP bought a new stake in shares of Expedia in the third quarter worth about $4,408,000. Finally, Franklin Resources Inc. grew its position in Expedia by 14.9% in the second quarter. Franklin Resources Inc. now owns 663,900 shares of the online travel company’s stock worth $98,888,000 after acquiring an additional 86,000 shares in the last quarter. 84.20% of the stock is currently owned by institutional investors and hedge funds.

In other news, Vice Chairman Victor Kaufman sold 119,575 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $123.67, for a total transaction of $14,787,840.25. Following the sale, the insider now directly owns 169,575 shares of the company’s stock, valued at approximately $20,971,340.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Dara Khosrowshahi sold 10,590 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $117.58, for a total transaction of $1,245,172.20. Following the sale, the director now directly owns 422,348 shares in the company, valued at $49,659,677.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 352,548 shares of company stock worth $43,689,017. 20.88% of the stock is owned by corporate insiders.

Expedia, Inc. (EXPE) traded down $1.47 during midday trading on Wednesday, hitting $120.77. The company had a trading volume of 1,938,300 shares, compared to its average volume of 2,056,659. Expedia, Inc. has a 52-week low of $111.88 and a 52-week high of $161.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $18,611.28, a P/E ratio of 30.79, a price-to-earnings-growth ratio of 1.91 and a beta of 0.89.

Expedia (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, October 26th. The online travel company reported $2.51 EPS for the quarter, missing the consensus estimate of $2.61 by ($0.10). Expedia had a net margin of 4.09% and a return on equity of 10.71%. The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same period in the previous year, the company posted $2.41 earnings per share. Expedia’s revenue for the quarter was up 14.9% compared to the same quarter last year. sell-side analysts predict that Expedia, Inc. will post 3.91 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Thursday, November 16th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.99%. The ex-dividend date is Wednesday, November 15th. Expedia’s payout ratio is 47.43%.

EXPE has been the subject of several recent research reports. Citigroup reiterated a “buy” rating and issued a $170.00 price target (down previously from $180.00) on shares of Expedia in a research report on Friday, October 27th. Zacks Investment Research lowered Expedia from a “hold” rating to a “sell” rating in a research report on Monday, September 11th. Cowen restated a “buy” rating and set a $170.00 target price on shares of Expedia in a research report on Sunday, August 27th. Deutsche Bank restated a “buy” rating and set a $171.00 target price (down previously from $175.00) on shares of Expedia in a research report on Tuesday, October 24th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $190.00 price target on shares of Expedia in a report on Monday, August 28th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $159.61.

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Expedia 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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