Rhumbline Advisers cut its stake in Expedia, Inc. (NASDAQ:EXPE) by 1.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 229,557 shares of the online travel company’s stock after selling 2,565 shares during the quarter. Rhumbline Advisers owned about 0.15% of Expedia worth $33,042,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. San Francisco Sentry Investment Group CA purchased a new position in shares of Expedia in the second quarter valued at $102,000. Fiduciary Trust Co. purchased a new position in shares of Expedia in the second quarter valued at $127,000. Sun Life Financial INC grew its position in shares of Expedia by 10,987.5% in the second quarter. Sun Life Financial INC now owns 887 shares of the online travel company’s stock valued at $132,000 after purchasing an additional 879 shares in the last quarter. Dupont Capital Management Corp purchased a new position in shares of Expedia in the second quarter valued at $143,000. Finally, Pathstone Family Office LLC grew its position in shares of Expedia by 15,833.3% in the second quarter. Pathstone Family Office LLC now owns 956 shares of the online travel company’s stock valued at $143,000 after purchasing an additional 950 shares in the last quarter. Institutional investors own 82.88% of the company’s stock.

Several brokerages have recently weighed in on EXPE. Royal Bank Of Canada reiterated an “outperform” rating and issued a $175.00 price target on shares of Expedia in a research report on Thursday, September 7th. Guggenheim reiterated a “buy” rating and issued a $175.00 price target (down 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 company a “buy” rating in a research report on Sunday, October 29th. Stifel Nicolaus reduced their price target on Expedia from $160.00 to $140.00 and set a “hold” rating for the company in a research report on Friday, October 27th. Finally, Zacks Investment Research cut 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 issued a buy rating and one has given a strong buy rating to the company. Expedia presently has a consensus rating of “Buy” and a consensus price target of $159.61.

Expedia, Inc. (NASDAQ EXPE) opened at $122.04 on Friday. Expedia, Inc. has a twelve month low of $111.88 and a twelve month high of $161.00. The stock has a market capitalization of $18,448.38, a PE ratio of 30.52, a P/E/G ratio of 1.89 and a beta of 0.90. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.60.

Expedia (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, October 26th. The online travel company reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.61 by ($0.10). Expedia had a net margin of 4.09% and a return on equity of 10.71%. The business 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 firm earned $2.41 EPS. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. equities analysts forecast that Expedia, Inc. will post 3.91 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Thursday, November 16th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 0.98%. Expedia’s dividend payout ratio is presently 47.43%.

In other Expedia news, EVP Mark D. Okerstrom sold 12,500 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $150.41, for a total transaction of $1,880,125.00. Following the transaction, the executive vice president now owns 71,248 shares in the company, valued at approximately $10,716,411.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dara Khosrowshahi sold 10,590 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $117.58, for a total value of $1,245,172.20. Following the transaction, the director now owns 422,348 shares in the company, valued at approximately $49,659,677.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 215,048 shares of company stock worth $26,819,142. 20.95% of the stock is owned by company insiders.

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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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