Expedia, Inc. (EXPE) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC raised its stake in shares of Expedia, Inc. (NASDAQ:EXPE) by 193.4% during the first quarter, Holdings Channel reports. The firm owned 761,459 shares of the online travel company’s stock after buying an additional 501,900 shares during the period. Renaissance Technologies LLC’s holdings in Expedia were worth $96,073,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of EXPE. Edge Wealth Management LLC purchased a new stake in shares of Expedia during the first quarter worth about $126,000. State of Alaska Department of Revenue purchased a new stake in shares of Expedia during the first quarter worth about $146,000. Rice Hall James & Associates LLC boosted its stake in shares of Expedia by 3.0% in the first quarter. Rice Hall James & Associates LLC now owns 1,430 shares of the online travel company’s stock worth $180,000 after buying an additional 41 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Expedia during the first quarter worth about $204,000. Finally, Linscomb & Williams Inc. purchased a new stake in shares of Expedia during the first quarter worth about $219,000. Institutional investors own 81.13% of the company’s stock.

Institutional Ownership by Quarter for Expedia (NASDAQ:EXPE)

Shares of Expedia, Inc. (EXPE) traded down 0.5107% during midday trading on Tuesday, reaching $147.6322. The company had a trading volume of 357,895 shares. The company’s 50-day moving average is $143.37 and its 200-day moving average is $128.10. The firm has a market cap of $22.28 billion, a P/E ratio of 74.9402 and a beta of 0.93. Expedia, Inc. has a 52-week low of $96.58 and a 52-week high of $150.62.

Expedia (NASDAQ:EXPE) last posted its earnings results on Thursday, April 27th. The online travel company reported ($0.15) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.15. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.14 billion. Expedia had a return on equity of 11.01% and a net margin of 3.36%. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.09 earnings per share. Equities research analysts expect that Expedia, Inc. will post $5.29 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, May 25th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, May 23rd. This represents a $1.12 annualized dividend and a yield of 0.75%. Expedia’s dividend payout ratio is presently 57.14%.

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EXPE has been the subject of a number of research reports. Vetr cut Expedia from a “strong-buy” rating to a “buy” rating and set a $140.35 target price for the company. in a report on Monday, March 13th. Piper Jaffray Companies reissued a “buy” rating and set a $144.00 price target on shares of Expedia in a research report on Wednesday, March 29th. Credit Suisse Group reissued a “buy” rating and set a $147.00 price target on shares of Expedia in a research report on Wednesday, April 5th. Royal Bank Of Canada reissued a “buy” rating and set a $160.00 price target on shares of Expedia in a research report on Tuesday, April 25th. Finally, Needham & Company LLC boosted their price target on Expedia from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Eight research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Expedia currently has a consensus rating of “Buy” and a consensus target price of $147.25.

In other Expedia news, Director Susan C. Athey sold 670 shares of Expedia stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $138.59, for a total transaction of $92,855.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Lance A. Soliday sold 2,544 shares of Expedia stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $142.30, for a total value of $362,011.20. Following the transaction, the insider now owns 4,815 shares in the company, valued at $685,174.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,043 shares of company stock worth $5,330,777. Corporate insiders own 20.88% 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:EXPE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding EXPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expedia, Inc. (NASDAQ:EXPE).

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