Expedia, Inc. (EXPE) Stake Lifted by Alta Capital Management LLC

Alta Capital Management LLC grew its holdings in Expedia, Inc. (NASDAQ:EXPE) by 10,231.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 178,117 shares of the online travel company’s stock after acquiring an additional 176,393 shares during the quarter. Alta Capital Management LLC owned about 0.12% of Expedia worth $21,333,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Expedia by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 12,045,217 shares of the online travel company’s stock valued at $1,794,135,000 after acquiring an additional 428,656 shares during the last quarter. FMR LLC increased its holdings in shares of Expedia by 4.8% in the 2nd quarter. FMR LLC now owns 2,481,274 shares of the online travel company’s stock valued at $369,586,000 after acquiring an additional 112,581 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Expedia by 5.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,115,880 shares of the online travel company’s stock valued at $304,558,000 after acquiring an additional 116,781 shares during the last quarter. Steadfast Capital Management LP increased its holdings in shares of Expedia by 15.6% in the 2nd quarter. Steadfast Capital Management LP now owns 2,041,580 shares of the online travel company’s stock valued at $304,093,000 after acquiring an additional 274,760 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Expedia by 22.0% in the 3rd quarter. American Century Companies Inc. now owns 2,031,943 shares of the online travel company’s stock valued at $292,478,000 after acquiring an additional 365,857 shares during the last quarter. Institutional investors and hedge funds own 84.12% of the company’s stock.

Shares of Expedia, Inc. (NASDAQ:EXPE) traded down $3.75 during mid-day trading on Thursday, hitting $126.89. The company’s stock had a trading volume of 2,800,000 shares, compared to its average volume of 1,900,000. Expedia, Inc. has a one year low of $115.55 and a one year high of $161.00. The stock has a market cap of $19,350.00, a P/E ratio of 50.15, a P/E/G ratio of 1.79 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 (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). Expedia had a net margin of 4.09% and a return on equity of 10.71%. The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter last year, the business posted $2.41 earnings per share. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. research analysts expect that Expedia, Inc. will post 3.91 EPS for the current year.

A number of research analysts have recently commented on the company. Cowen set a $135.00 price objective on Expedia and gave the company a “buy” rating in a report on Sunday, October 29th. Stifel Nicolaus dropped their price target on Expedia from $160.00 to $140.00 and set a “hold” rating on the stock in a research note on Friday, October 27th. Needham & Company LLC restated a “buy” rating and set a $180.00 price target on shares of Expedia in a research note on Thursday, September 28th. Oppenheimer restated a “buy” rating on shares of Expedia in a research note on Wednesday, December 20th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $155.00 price target (down previously from $175.00) on shares of Expedia in a research note on Friday, October 27th. Eight research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $158.34.

In other Expedia news, insider Lance A. Soliday sold 2,401 shares of Expedia stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $120.37, for a total value of $289,008.37. Following the transaction, the insider now directly owns 5,744 shares in the company, valued at approximately $691,405.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dara Khosrowshahi sold 10,590 shares of Expedia stock in a transaction that occurred 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 owns 422,348 shares in the company, valued at $49,659,677.84. The disclosure for this sale can be found here. Insiders sold a total of 354,949 shares of company stock worth $43,978,025 over the last quarter. Company insiders own 20.95% of the company’s stock.

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Expedia 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.

Institutional Ownership by Quarter for Expedia (NASDAQ:EXPE)

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