Russell Investments Group Ltd. Trims Position in Expedia, Inc. (EXPE)

Russell Investments Group Ltd. lessened its holdings in Expedia, Inc. (NASDAQ:EXPE) by 14.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,316 shares of the online travel company’s stock after selling 5,244 shares during the period. Russell Investments Group Ltd.’s holdings in Expedia were worth $4,651,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Kiwi Wealth Investments Limited Partnership increased its position in Expedia by 29.6% in the third quarter. Kiwi Wealth Investments Limited Partnership now owns 11,862 shares of the online travel company’s stock worth $1,707,000 after purchasing an additional 2,707 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Expedia by 4.0% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 30,040 shares of the online travel company’s stock worth $4,324,000 after purchasing an additional 1,147 shares during the last quarter. Worth Venture Partners LLC increased its position in Expedia by 9.0% in the third quarter. Worth Venture Partners LLC now owns 7,300 shares of the online travel company’s stock worth $1,051,000 after purchasing an additional 600 shares during the last quarter. Teacher Retirement System of Texas increased its position in Expedia by 1,169.4% in the third quarter. Teacher Retirement System of Texas now owns 42,487 shares of the online travel company’s stock worth $6,116,000 after purchasing an additional 39,140 shares during the last quarter. Finally, Strategy Asset Managers LLC bought a new stake in Expedia in the third quarter worth $2,491,000. Institutional investors own 84.20% of the company’s stock.

Several brokerages recently weighed in on EXPE. Zacks Investment Research cut shares of Expedia from a “hold” rating to a “sell” rating in a research report on Monday, September 11th. Cowen set a $135.00 price target on shares of Expedia and gave the stock a “buy” rating in a research report on Sunday, October 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Expedia in a research note on Thursday, September 7th. BidaskClub raised shares of Expedia from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Finally, UBS reaffirmed a “buy” rating and set a $170.00 price objective (down from $178.00) on shares of Expedia in a research note on Friday, September 22nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $159.44.

In other news, Director Dara Khosrowshahi sold 10,590 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $117.58, for a total transaction of $1,245,172.20. Following the completion of the sale, the director now directly owns 422,348 shares of the company’s stock, valued at $49,659,677.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Victor Kaufman sold 119,575 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $123.67, for a total transaction of $14,787,840.25. Following the sale, the insider now directly owns 169,575 shares of the company’s stock, valued at $20,971,340.25. The disclosure for this sale can be found here. Insiders have sold 352,548 shares of company stock valued at $43,689,017 over the last three months. Insiders own 20.95% of the company’s stock.

Shares of Expedia, Inc. (NASDAQ:EXPE) opened at $118.55 on Thursday. The stock has a market cap of $18,070.79, a price-to-earnings ratio of 29.90, a PEG ratio of 1.85 and a beta of 0.89. Expedia, Inc. has a one year low of $111.88 and a one year high of $161.00. 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 issued its earnings results on Thursday, October 26th. The online travel company reported $2.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.61 by ($0.10). The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Expedia had a net margin of 4.09% and a return on equity of 10.71%. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.41 earnings per share. sell-side analysts predict that Expedia, Inc. will post 3.91 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 7th. Stockholders of record on Thursday, November 16th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Wednesday, November 15th. Expedia’s dividend payout ratio is currently 47.43%.

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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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