Garde Capital Inc. Purchases New Stake in Expedia, Inc. (EXPE)

Garde Capital Inc. bought a new stake in shares of Expedia, Inc. (NASDAQ:EXPE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,040 shares of the online travel company’s stock, valued at approximately $602,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EXPE. Edge Wealth Management LLC purchased a new position in shares of Expedia during the first quarter valued at $126,000. Bessemer Group Inc. boosted its position in shares of Expedia by 16.6% in the second quarter. Bessemer Group Inc. now owns 1,039 shares of the online travel company’s stock valued at $155,000 after buying an additional 148 shares in the last quarter. CENTRAL TRUST Co boosted its position in shares of Expedia by 18.7% in the second quarter. CENTRAL TRUST Co now owns 1,059 shares of the online travel company’s stock valued at $158,000 after buying an additional 167 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Expedia during the first quarter valued at $146,000. Finally, Point72 Asia Hong Kong Ltd boosted its position in shares of Expedia by 6,905.6% in the first quarter. Point72 Asia Hong Kong Ltd now owns 1,261 shares of the online travel company’s stock valued at $159,000 after buying an additional 1,243 shares in the last quarter. 81.22% of the stock is owned by institutional investors and hedge funds.

Shares of Expedia, Inc. (EXPE) opened at 143.71 on Friday. The company’s 50 day moving average price is $150.98 and its 200-day moving average price is $137.85. Expedia, Inc. has a 52 week low of $105.62 and a 52 week high of $161.00. The firm has a market capitalization of $21.79 billion, a PE ratio of 67.63 and a beta of 0.92.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $1.20 dividend on an annualized basis and a yield of 0.84%. This is an increase from Expedia’s previous quarterly dividend of $0.28. Expedia’s payout ratio is 53.08%.

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Several equities research analysts have recently commented on the company. Credit Suisse Group set a $151.00 target price on Expedia and gave the company a “buy” rating in a report on Sunday, April 30th. BidaskClub downgraded Expedia from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Zacks Investment Research lowered Expedia from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. SunTrust Banks, Inc. initiated coverage on Expedia in a report on Tuesday. They issued a “buy” rating and a $190.00 target price on the stock. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $173.00 target price on shares of Expedia in a report on Friday, July 28th. Eight investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $160.81.

In other Expedia news, EVP Mark D. Okerstrom sold 12,500 shares of Expedia stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $150.00, for a total transaction of $1,875,000.00. Following the completion of the transaction, the executive vice president now owns 71,248 shares in the company, valued at approximately $10,687,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Victor Kaufman sold 35,598 shares of Expedia stock in a transaction dated 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 transaction, the insider now owns 167,673 shares of the company’s stock, valued at approximately $25,031,902.17. The disclosure for this sale can be found here. Insiders have sold a total of 134,326 shares of company stock valued at $20,478,885 in the last quarter. Company insiders own 20.95% of the company’s stock.

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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