Expedia, Inc. (EXPE) Stake Decreased by Riggs Asset Managment Co. Inc.

Riggs Asset Managment Co. Inc. trimmed its holdings in Expedia, Inc. (NASDAQ:EXPE) by 48.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,317 shares of the online travel company’s stock after selling 14,621 shares during the quarter. Riggs Asset Managment Co. Inc.’s holdings in Expedia were worth $2,205,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in Expedia by 15.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 455,086 shares of the online travel company’s stock worth $57,425,000 after purchasing an additional 62,414 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in Expedia by 66.0% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,494 shares of the online travel company’s stock worth $188,000 after purchasing an additional 594 shares during the period. Janus Capital Management LLC increased its holdings in Expedia by 1.3% during the 1st quarter. Janus Capital Management LLC now owns 33,356 shares of the online travel company’s stock worth $4,208,000 after purchasing an additional 418 shares during the period. KAMES CAPITAL plc purchased a new position in Expedia during the 2nd quarter worth $784,000. Finally, Xact Kapitalforvaltning AB increased its holdings in Expedia by 18.7% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 22,221 shares of the online travel company’s stock worth $3,310,000 after purchasing an additional 3,507 shares during the period. Hedge funds and other institutional investors own 84.48% of the company’s stock.

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Expedia (NASDAQ:EXPE) last announced its earnings results on Thursday, October 26th. The online travel company reported $2.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.61 by ($0.10). Expedia had a return on equity of 10.71% and a net margin of 4.09%. The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the business posted $2.41 EPS. The firm’s revenue was up 14.9% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Thursday, November 16th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 0.96%. Expedia’s dividend payout ratio (DPR) is currently 47.43%.

EXPE has been the topic of several research reports. Credit Suisse Group set a $147.00 price objective on Expedia and gave the stock a “hold” rating in a report on Friday, October 27th. UBS AG restated a “buy” rating and set a $154.00 price objective (down from $170.00) on shares of Expedia in a report on Friday, October 27th. Deutsche Bank AG restated a “buy” rating and set a $171.00 price objective (down from $175.00) on shares of Expedia in a report on Tuesday, October 24th. SunTrust Banks, Inc. restated a “buy” rating and set a $190.00 price objective on shares of Expedia in a report on Monday, August 28th. Finally, Cowen and Company set a $158.00 target price on Expedia and gave the company a “buy” rating in a research report on Thursday, October 12th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $159.61.

In related news, EVP Mark D. Okerstrom sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $150.41, for a total transaction of $1,880,125.00. Following the sale, the executive vice president now owns 71,248 shares in the company, valued at $10,716,411.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Victor Kaufman sold 35,598 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $149.29, for a total transaction of $5,314,425.42. Following the sale, the insider now owns 167,673 shares in the company, valued at approximately $25,031,902.17. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,598 shares of company stock worth $9,069,550. 20.95% of the stock is owned by company insiders.

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.

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Institutional Ownership by Quarter for Expedia (NASDAQ:EXPE)

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