Bp Plc Acquires Shares of 14,000 Expedia, Inc. (EXPE)

Bp Plc acquired a new stake in shares of Expedia, Inc. (NASDAQ:EXPE) during the second quarter, Holdings Channel reports. The firm acquired 14,000 shares of the online travel company’s stock, valued at approximately $2,085,000.

Other hedge funds have also added to or reduced their stakes in the company. Edge Wealth Management LLC purchased a new stake in shares of Expedia during the first quarter worth approximately $126,000. Bessemer Group Inc. raised its stake 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 worth $155,000 after buying an additional 148 shares during the last quarter. CENTRAL TRUST Co raised its stake 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 worth $158,000 after buying an additional 167 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Expedia during the first quarter worth approximately $146,000. Finally, Point72 Asia Hong Kong Ltd raised its stake 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 worth $159,000 after buying an additional 1,243 shares during the last quarter. 80.96% of the stock is currently owned by institutional investors and hedge funds.

Shares of Expedia, Inc. (NASDAQ EXPE) opened at 143.55 on Friday. Expedia, Inc. has a 12-month low of $105.62 and a 12-month high of $161.00. The stock’s 50 day moving average price is $151.80 and its 200 day moving average price is $136.77. The company has a market cap of $21.77 billion, a P/E ratio of 67.55 and a beta of 0.92.

Expedia (NASDAQ:EXPE) last announced its earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by $0.05. Expedia had a return on equity of 10.98% and a net margin of 3.49%. The firm had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the prior year, the company posted $0.83 EPS. The firm’s revenue was up 17.8% on a year-over-year basis. On average, analysts forecast that Expedia, Inc. will post $5.11 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be given a $0.30 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $1.20 annualized dividend and a dividend yield of 0.84%. This is a positive change from Expedia’s previous quarterly dividend of $0.28. Expedia’s dividend payout ratio is currently 53.08%.

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A number of analysts have recently commented on EXPE shares. Cowen and Company reissued a “buy” rating on shares of Expedia in a research note on Friday, July 28th. TheStreet raised Expedia from a “c+” rating to a “b” rating in a research note on Thursday, July 27th. Cantor Fitzgerald reissued a “hold” rating on shares of Expedia in a research note on Monday, June 26th. Stifel Nicolaus reissued a “hold” rating and set a $160.00 price target (up from $135.00) on shares of Expedia in a research note on Sunday, July 30th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $170.00 price target (up from $135.00) on shares of Expedia in a research note on Tuesday, July 18th. Eight equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $159.73.

In other news, insider Lance A. Soliday sold 2,544 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $142.30, for a total value of $362,011.20. Following the completion of the transaction, the insider now owns 4,815 shares of the company’s stock, valued at approximately $685,174.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dara Khosrowshahi sold 86,228 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 518,576 shares of the company’s stock, valued at approximately $79,922,933.12. The disclosure for this sale can be found here. Insiders sold a total of 136,870 shares of company stock valued at $20,840,896 in the last three months. Corporate insiders own 20.95% of the company’s stock.

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.

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).

Institutional Ownership by Quarter for Expedia (NASDAQ:EXPE)

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