Expedia, Inc. (EXPE) Position Cut by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its stake in Expedia, Inc. (NASDAQ:EXPE) by 2.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,317 shares of the online travel company’s stock after selling 1,621 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Expedia were worth $8,682,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Merriman Wealth Management LLC grew its holdings in Expedia by 1.4% in the second quarter. Merriman Wealth Management LLC now owns 2,139 shares of the online travel company’s stock valued at $319,000 after purchasing an additional 29 shares during the period. Blair William & Co. IL grew its holdings in Expedia by 0.6% in the second quarter. Blair William & Co. IL now owns 4,998 shares of the online travel company’s stock valued at $744,000 after purchasing an additional 30 shares during the period. First Allied Advisory Services Inc. grew its holdings in Expedia by 1.3% in the second quarter. First Allied Advisory Services Inc. now owns 2,763 shares of the online travel company’s stock valued at $412,000 after purchasing an additional 35 shares during the period. Nordea Investment Management AB grew its holdings in Expedia by 0.8% in the second quarter. Nordea Investment Management AB now owns 4,996 shares of the online travel company’s stock valued at $744,000 after purchasing an additional 38 shares during the period. Finally, Veritable L.P. grew its holdings in Expedia by 1.5% in the second quarter. Veritable L.P. now owns 4,497 shares of the online travel company’s stock valued at $670,000 after purchasing an additional 66 shares during the period. Hedge funds and other institutional investors own 84.04% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. Bank of America restated a “buy” rating and issued a $178.00 target price (down from $187.00) on shares of Expedia in a report on Tuesday, September 26th. Oppenheimer restated a “buy” rating on shares of Expedia in a report on Wednesday. Needham & Company LLC restated a “buy” rating and issued a $180.00 target price on shares of Expedia in a report on Thursday, September 28th. MKM Partners restated a “neutral” rating and issued a $145.00 target price (down from $170.00) on shares of Expedia in a report on Thursday, December 7th. Finally, UBS restated a “buy” rating and issued a $170.00 target price (down from $178.00) on shares of Expedia in a report on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Expedia has a consensus rating of “Buy” and a consensus target price of $159.44.

Expedia, Inc. (NASDAQ EXPE) opened at $120.07 on Friday. The firm has a market cap of $18,492.53, a price-to-earnings ratio of 30.59, a PEG ratio of 1.89 and a beta of 0.89. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.60. Expedia, Inc. has a 52 week low of $111.88 and a 52 week high of $161.00.

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

The company also recently announced a quarterly dividend, which was paid on Thursday, December 7th. Stockholders of record on Thursday, November 16th were paid a $0.30 dividend. The ex-dividend date was Wednesday, November 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.00%. Expedia’s dividend payout ratio (DPR) is presently 47.43%.

In other news, Director Dara Khosrowshahi sold 10,590 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $117.58, for a total value of $1,245,172.20. Following the completion of the transaction, the director now directly owns 422,348 shares in the company, valued at $49,659,677.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Victor Kaufman sold 119,575 shares of the company’s stock in a transaction on 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 completion of the transaction, the insider now owns 169,575 shares of the company’s stock, valued at $20,971,340.25. The disclosure for this sale can be found here. Insiders sold 352,548 shares of company stock valued at $43,689,017 over the last 90 days. Insiders own 20.95% of the company’s stock.

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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.

Institutional Ownership by Quarter for Expedia (NASDAQ:EXPE)

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