Spinnaker Trust raised its stake in Expedia, Inc. (NASDAQ:EXPE) by 6.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,742 shares of the online travel company’s stock after buying an additional 1,102 shares during the period. Spinnaker Trust’s holdings in Expedia were worth $2,643,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EXPE. Vanguard Group Inc. boosted its stake in shares of Expedia by 3.0% in the first quarter. Vanguard Group Inc. now owns 11,616,561 shares of the online travel company’s stock valued at $1,465,661,000 after buying an additional 342,485 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Expedia by 3,458.6% in the first quarter. BlackRock Inc. now owns 7,832,689 shares of the online travel company’s stock valued at $988,252,000 after buying an additional 7,612,585 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Expedia by 14.6% in the first quarter. Wellington Management Group LLP now owns 6,000,184 shares of the online travel company’s stock valued at $757,042,000 after buying an additional 764,343 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Expedia by 39.9% in the first quarter. Jennison Associates LLC now owns 3,397,821 shares of the online travel company’s stock valued at $428,703,000 after buying an additional 968,772 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Expedia by 30.4% in the first quarter. Ameriprise Financial Inc. now owns 2,312,604 shares of the online travel company’s stock worth $291,782,000 after buying an additional 539,205 shares in the last quarter. Hedge funds and other institutional investors own 80.96% of the company’s stock.

Shares of Expedia, Inc. (EXPE) traded up 0.67% during trading on Friday, hitting $144.51. 1,327,508 shares of the stock were exchanged. The firm has a market capitalization of $21.91 billion, a price-to-earnings ratio of 68.00 and a beta of 0.92. The stock’s 50 day moving average price is $151.59 and its 200 day moving average price is $136.95. Expedia, Inc. has a 52 week low of $105.62 and a 52 week high of $161.00.

Expedia (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, July 27th. The online travel company reported $0.89 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by $0.05. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. Expedia had a return on equity of 10.98% and a net margin of 3.49%. Expedia’s quarterly revenue was up 17.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.83 EPS. On average, equities analysts predict that Expedia, Inc. will post $5.11 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be issued a $0.30 dividend. This is a positive change from Expedia’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.83%. Expedia’s dividend payout ratio is presently 53.08%.

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A number of research firms recently commented on EXPE. Deutsche Bank AG restated a “buy” rating and issued a $158.00 price objective (up previously from $138.00) on shares of Expedia in a research report on Saturday, April 29th. MKM Partners restated a “buy” rating and issued a $165.00 price objective (up previously from $145.00) on shares of Expedia in a research report on Monday, May 8th. Susquehanna Bancshares Inc restated a “positive” rating and issued a $165.00 price objective (up previously from $143.00) on shares of Expedia in a research report on Monday, May 1st. Oppenheimer Holdings, Inc. upped their target price on shares of Expedia from $145.00 to $150.00 and gave the stock an “outperform” rating in a research note on Monday, May 1st. Finally, Zacks Investment Research lowered shares of Expedia from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Eight analysts have rated the stock with a hold rating, nineteen 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 price target of $159.73.

In other news, EVP Mark D. Okerstrom sold 12,500 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $150.00, for a total value of $1,875,000.00. Following the completion of the sale, the executive vice president now owns 71,248 shares of the company’s stock, valued at approximately $10,687,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lance A. Soliday sold 2,544 shares of the company’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $142.30, for a total transaction of $362,011.20. Following the completion of the sale, the insider now directly owns 4,815 shares of the company’s stock, valued at approximately $685,174.50. The disclosure for this sale can be found here. Insiders sold a total of 136,870 shares of company stock worth $20,840,896 in the last three months. Insiders own 20.95% of the company’s stock.

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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