Castleark Management LLC Purchases Shares of 1,710 Expedia, Inc. (EXPE)

Castleark Management LLC bought a new position in Expedia, Inc. (NASDAQ:EXPE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,710 shares of the online travel company’s stock, valued at approximately $255,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AXA boosted its holdings in Expedia by 16.7% in the first quarter. AXA now owns 2,800 shares of the online travel company’s stock valued at $353,000 after purchasing an additional 400 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in Expedia by 1.8% in the first quarter. Municipal Employees Retirement System of Michigan now owns 3,900 shares of the online travel company’s stock valued at $492,000 after purchasing an additional 70 shares during the last quarter. OppenheimerFunds Inc. boosted its holdings in Expedia by 1.9% in the first quarter. OppenheimerFunds Inc. now owns 106,369 shares of the online travel company’s stock valued at $13,421,000 after purchasing an additional 1,973 shares during the last quarter. Teachers Advisors LLC boosted its holdings in Expedia by 13.1% in the first quarter. Teachers Advisors LLC now owns 557,428 shares of the online travel company’s stock valued at $70,331,000 after purchasing an additional 64,570 shares during the last quarter. Finally, Global X Management Co. LLC boosted its holdings in Expedia by 6.5% in the first quarter. Global X Management Co. LLC now owns 2,219 shares of the online travel company’s stock valued at $280,000 after purchasing an additional 136 shares during the last quarter. 84.37% of the stock is owned by institutional investors.

In related news, CEO Dara Khosrowshahi sold 86,228 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $154.12, for a total transaction of $13,289,459.36. Following the sale, the chief executive officer now owns 518,576 shares of the company’s stock, valued at approximately $79,922,933.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Victor Kaufman sold 35,598 shares of the company’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 directly 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 three months, insiders sold 146,826 shares of company stock worth $22,359,010. Insiders own 20.95% of the company’s stock.

EXPE has been the subject of a number of analyst reports. Zacks Investment Research raised Expedia from a “hold” rating to a “buy” rating and set a $167.00 price target for the company in a report on Wednesday, July 5th. Argus started coverage on Expedia in a report on Wednesday, July 5th. They set a “buy” rating and a $178.00 target price on the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $170.00 target price (up previously from $135.00) on shares of Expedia in a report on Tuesday, July 18th. Oppenheimer Holdings, Inc. increased their price target on Expedia from $150.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 19th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $162.00 price target (up from $151.00) on shares of Expedia in a research report on Tuesday, July 25th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $161.41.

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Shares of Expedia, Inc. (NASDAQ EXPE) opened at 118.82 on Friday. The company’s 50 day moving average price is $146.25 and its 200 day moving average price is $145.53. Expedia, Inc. has a one year low of $111.88 and a one year high of $161.00. The stock has a market capitalization of $18.02 billion, a price-to-earnings ratio of 55.92 and a beta of 0.92.

Expedia (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, October 26th. The online travel company reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.61 by ($0.10). Expedia had a net margin of 3.49% and a return on equity of 10.98%. The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period last year, the firm earned $2.41 EPS. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, analysts expect that Expedia, Inc. will post $5.02 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Thursday, November 16th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.81%. Expedia’s dividend payout ratio (DPR) is currently 56.87%.

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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