DAVENPORT & Co LLC bought a new position in shares of Expedia, Inc. (NASDAQ:EXPE) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 3,148 shares of the online travel company’s stock, valued at approximately $377,000.

A number of other institutional investors and hedge funds have also bought and sold shares of EXPE. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Expedia during the 2nd quarter worth approximately $556,000. AXA increased its position in Expedia by 7.1% during the 2nd quarter. AXA now owns 3,000 shares of the online travel company’s stock worth $446,000 after purchasing an additional 200 shares in the last quarter. Stephens Inc. AR increased its position in Expedia by 5.8% during the 2nd quarter. Stephens Inc. AR now owns 3,043 shares of the online travel company’s stock worth $453,000 after purchasing an additional 168 shares in the last quarter. ProShare Advisors LLC increased its position in Expedia by 16.9% during the 2nd quarter. ProShare Advisors LLC now owns 54,362 shares of the online travel company’s stock worth $8,097,000 after purchasing an additional 7,875 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Expedia by 0.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 33,249 shares of the online travel company’s stock worth $4,953,000 after purchasing an additional 279 shares in the last quarter. 84.12% of the stock is owned by hedge funds and other institutional investors.

EXPE has been the subject of a number of analyst reports. BidaskClub cut Expedia from a “sell” rating to a “strong sell” rating in a report on Saturday, December 2nd. Argus cut Expedia from a “buy” rating to a “hold” rating and set a $178.00 price target for the company. in a report on Tuesday, December 5th. SunTrust Banks upped their price target on Expedia to $180.00 and gave the stock a “buy” rating in a report on Friday, January 12th. They noted that the move was a valuation call. KeyCorp restated a “buy” rating and issued a $178.00 price target on shares of Expedia in a report on Tuesday, October 17th. Finally, UBS Group restated a “buy” rating and issued a $154.00 price target (down previously from $170.00) on shares of Expedia in a report on Friday, October 27th. Eight research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Expedia currently has a consensus rating of “Buy” and a consensus target price of $158.34.

In other news, insider Lance A. Soliday sold 2,401 shares of the firm’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $120.37, for a total transaction of $289,008.37. Following the transaction, the insider now directly owns 5,744 shares of the company’s stock, valued at $691,405.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Victor Kaufman sold 119,575 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $123.67, for a total value of $14,787,840.25. Following the transaction, the insider now directly owns 169,575 shares in the company, valued at $20,971,340.25. The disclosure for this sale can be found here. Insiders have sold 354,949 shares of company stock worth $43,978,025 over the last three months. Corporate insiders own 20.88% of the company’s stock.

Shares of Expedia, Inc. (EXPE) traded down $0.29 during midday trading on Wednesday, reaching $130.31. The company’s stock had a trading volume of 876,846 shares, compared to its average volume of 2,006,980. Expedia, Inc. has a 1 year low of $115.55 and a 1 year high of $161.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market capitalization of $19,850.00, a price-to-earnings ratio of 51.51, a PEG ratio of 1.81 and a beta of 0.89.

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

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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.

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Institutional Ownership by Quarter for Expedia (NASDAQ:EXPE)

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