Tower Bridge Advisors Increases Stake in Expedia, Inc. (EXPE)

Tower Bridge Advisors grew its position in Expedia, Inc. (NASDAQ:EXPE) by 2.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 59,122 shares of the online travel company’s stock after purchasing an additional 1,400 shares during the period. Tower Bridge Advisors’ holdings in Expedia were worth $8,510,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Swiss National Bank boosted its stake in shares of Expedia by 2.9% in the second quarter. Swiss National Bank now owns 450,370 shares of the online travel company’s stock worth $67,083,000 after buying an additional 12,700 shares during the last quarter. OZ Management LP purchased a new stake in shares of Expedia in the second quarter worth about $1,892,000. Franklin Resources Inc. boosted its stake in shares of Expedia by 14.9% in the second quarter. Franklin Resources Inc. now owns 663,900 shares of the online travel company’s stock worth $98,888,000 after buying an additional 86,000 shares during the last quarter. Allen Investment Management LLC boosted its stake in shares of Expedia by 23.2% in the second quarter. Allen Investment Management LLC now owns 53,638 shares of the online travel company’s stock worth $7,989,000 after buying an additional 10,104 shares during the last quarter. Finally, Dupont Capital Management Corp purchased a new stake in shares of Expedia in the second quarter worth about $143,000. 82.88% of the stock is currently owned by institutional investors and hedge funds.

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In other Expedia news, Director Dara Khosrowshahi sold 72,383 shares of Expedia stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $123.04, for a total transaction of $8,906,004.32. Following the completion of the sale, the director now directly owns 494,731 shares of the company’s stock, valued at approximately $60,871,702.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark D. Okerstrom sold 12,500 shares of Expedia stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $150.41, for a total value of $1,880,125.00. Following the sale, the executive vice president now directly owns 71,248 shares of the company’s stock, valued at $10,716,411.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 204,458 shares of company stock valued at $25,573,970. 20.88% of the stock is currently owned by company insiders.

Expedia, Inc. (NASDAQ:EXPE) traded up $3.42 on Monday, hitting $120.74. The stock had a trading volume of 3,817,300 shares, compared to its average volume of 2,048,408. Expedia, Inc. has a 1-year low of $111.88 and a 1-year high of $161.00. The stock has a market capitalization of $18,382.91, a price-to-earnings ratio of 30.41, a P/E/G ratio of 1.88 and a beta of 0.90. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.72 and a current ratio of 0.72.

Expedia (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, October 26th. The online travel company reported $2.51 EPS for the quarter, missing the consensus estimate of $2.61 by ($0.10). Expedia had a return on equity of 10.71% and a net margin of 4.09%. The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the prior year, the business earned $2.41 earnings per share. The company’s quarterly revenue was up 14.9% on a year-over-year basis. research analysts expect that Expedia, Inc. will post 3.91 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Thursday, November 16th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 0.99%. Expedia’s dividend payout ratio (DPR) is presently 47.43%.

A number of brokerages have issued reports on EXPE. Royal Bank Of Canada reiterated an “outperform” rating and set a $175.00 price target on shares of Expedia in a research report on Thursday, September 7th. Guggenheim reiterated a “buy” rating and set a $175.00 price target (down previously from $190.00) on shares of Expedia in a research report on Thursday, September 7th. Cowen and Company set a $135.00 price target on Expedia and gave the stock a “buy” rating in a research report on Sunday, October 29th. Stifel Nicolaus lowered their price target on Expedia from $160.00 to $140.00 and set a “hold” rating on the stock in a research report on Friday, October 27th. Finally, Zacks Investment Research downgraded Expedia from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Nine equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $159.61.

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.

Institutional Ownership by Quarter for Expedia (NASDAQ:EXPE)

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