Kentucky Retirement Systems Takes Position in Expedia Inc (EXPE)

Kentucky Retirement Systems acquired a new stake in Expedia Inc (NASDAQ:EXPE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,763 shares of the online travel company’s stock, valued at approximately $993,000.

Other large investors have also recently modified their holdings of the company. Quadrant Capital Group LLC increased its stake in shares of Expedia by 0.5% in the third quarter. Quadrant Capital Group LLC now owns 925 shares of the online travel company’s stock worth $102,000 after buying an additional 5 shares during the period. NN Investment Partners Holdings N.V. raised its position in Expedia by 27.7% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 921 shares of the online travel company’s stock worth $104,000 after buying an additional 200 shares in the last quarter. First Bank & Trust bought a new position in Expedia during the fourth quarter worth about $159,000. ING Groep NV bought a new position in Expedia during the fourth quarter worth about $216,000. Finally, Middleton & Co Inc MA raised its position in Expedia by 0.4% in the third quarter. Middleton & Co Inc MA now owns 1,905 shares of the online travel company’s stock worth $222,000 after buying an additional 8 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Institutional Ownership by Quarter for Expedia (NASDAQ:EXPE)

Shares of Expedia Inc (NASDAQ:EXPE) traded up 1.29% on Thursday, reaching $132.64. The company’s stock had a trading volume of 679,649 shares. Expedia Inc has a 1-year low of $96.58 and a 1-year high of $133.55. The company’s 50 day moving average is $126.91 and its 200-day moving average is $122.54. The stock has a market cap of $19.87 billion, a PE ratio of 72.88 and a beta of 0.69.

Expedia (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, February 9th. The online travel company reported $1.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by $0.20. Expedia had a return on equity of 11.54% and a net margin of 3.06%. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the previous year, the business earned $0.77 EPS. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. On average, equities analysts predict that Expedia Inc will post $5.43 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 30th. Stockholders of record on Thursday, March 9th were paid a dividend of $0.28 per share. The ex-dividend date was Tuesday, March 7th. This represents a $1.12 annualized dividend and a dividend yield of 0.86%. This is a positive change from Expedia’s previous quarterly dividend of $0.26. Expedia’s dividend payout ratio (DPR) is presently 60.47%.

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A number of research analysts have issued reports on the company. Needham & Company LLC reiterated a “buy” rating on shares of Expedia in a research report on Friday, February 10th. Evercore ISI reiterated a “hold” rating and set a $125.00 price target on shares of Expedia in a research report on Friday, February 10th. Citigroup Inc upgraded Expedia from a “sell” rating to a “neutral” rating and set a $130.00 price target for the company in a research report on Friday, March 3rd. Barclays PLC reiterated an “overweight” rating and set a $140.00 price target on shares of Expedia in a research report on Monday, April 3rd. Finally, MKM Partners restated a “buy” rating and issued a $145.00 price objective on shares of Expedia in a report on Monday, January 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. Expedia has a consensus rating of “Buy” and an average price target of $142.36.

In other news, CEO Dara Khosrowshahi sold 106,892 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $119.25, for a total transaction of $12,746,871.00. Following the completion of the sale, the chief executive officer now owns 539,240 shares in the company, valued at approximately $64,304,370. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company 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.

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