Expedia, Inc. (EXPE) Stake Increased by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC boosted its stake in Expedia, Inc. (NASDAQ:EXPE) by 33.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 743,703 shares of the online travel company’s stock after buying an additional 185,208 shares during the period. Expedia makes up about 0.8% of Frontier Capital Management Co. LLC’s investment portfolio, making the stock its 27th largest position. Frontier Capital Management Co. LLC owned about 0.49% of Expedia worth $110,775,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in Expedia by 3,458.6% in the first quarter. BlackRock Inc. now owns 7,832,689 shares of the online travel company’s stock valued at $988,252,000 after buying an additional 7,612,585 shares during the last quarter. Neuberger Berman Group LLC raised its stake in Expedia by 1,118.9% in the first quarter. Neuberger Berman Group LLC now owns 1,805,829 shares of the online travel company’s stock valued at $227,841,000 after buying an additional 1,657,678 shares during the last quarter. Jennison Associates LLC raised its stake in Expedia by 39.9% in the first quarter. Jennison Associates LLC now owns 3,397,821 shares of the online travel company’s stock valued at $428,703,000 after buying an additional 968,772 shares during the last quarter. Wellington Management Group LLP raised its stake in Expedia by 14.6% in the first quarter. Wellington Management Group LLP now owns 6,000,184 shares of the online travel company’s stock valued at $757,042,000 after buying an additional 764,343 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Expedia by 30.4% in the first quarter. Ameriprise Financial Inc. now owns 2,312,604 shares of the online travel company’s stock valued at $291,782,000 after buying an additional 539,205 shares during the last quarter. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Shares of Expedia, Inc. (EXPE) traded down 0.68% during mid-day trading on Friday, reaching $143.16. The company had a trading volume of 132,143 shares. The firm has a 50-day moving average price of $151.11 and a 200-day moving average price of $137.69. Expedia, Inc. has a 1-year low of $105.62 and a 1-year high of $161.00. The stock has a market capitalization of $21.71 billion, a price-to-earnings ratio of 67.37 and a beta of 0.92.

Expedia (NASDAQ:EXPE) last released its earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by $0.05. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. Expedia had a net margin of 3.49% and a return on equity of 10.98%. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.83 EPS. Equities analysts expect that Expedia, Inc. will post $5.09 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.83%. The ex-dividend date is Tuesday, August 22nd. This is an increase from Expedia’s previous quarterly dividend of $0.28. Expedia’s dividend payout ratio is 53.08%.

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EXPE has been the subject of several recent analyst reports. Oppenheimer Holdings, Inc. upped their target price on shares of Expedia from $145.00 to $150.00 and gave the stock an “outperform” rating in a research note on Monday, May 1st. JMP Securities reiterated an “outperform” rating and issued a $155.00 target price (up previously from $142.00) on shares of Expedia in a research note on Tuesday, May 2nd. Deutsche Bank AG reiterated a “buy” rating and issued a $175.00 target price (up previously from $158.00) on shares of Expedia in a research note on Wednesday, July 26th. Needham & Company LLC upped their target price on shares of Expedia from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $170.00 target price (up previously from $135.00) on shares of Expedia in a research note on Tuesday, July 18th. Eight investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $160.81.

In other Expedia news, CEO Dara Khosrowshahi sold 86,228 shares of the company’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 transaction, the chief executive officer now owns 518,576 shares of the company’s stock, valued at approximately $79,922,933.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Victor Kaufman sold 35,598 shares of the company’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 directly owns 167,673 shares in the company, valued at approximately $25,031,902.17. The disclosure for this sale can be found here. Insiders sold a total of 134,326 shares of company stock worth $20,478,885 in the last ninety days. 20.95% of the stock is currently owned by corporate insiders.

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.

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Institutional Ownership by Quarter for Expedia (NASDAQ:EXPE)

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