NuWave Investment Management LLC purchased a new stake in Expedia, Inc. (NASDAQ:EXPE) during the fourth quarter, Holdings Channel reports. The fund purchased 2,810 shares of the online travel company’s stock, valued at approximately $337,000.

Several other institutional investors also recently added to or reduced their stakes in EXPE. American Century Companies Inc. raised its stake in shares of Expedia by 22.0% in the 3rd quarter. American Century Companies Inc. now owns 2,031,943 shares of the online travel company’s stock valued at $292,478,000 after acquiring an additional 365,857 shares during the period. Pictet Asset Management Ltd. raised its stake in shares of Expedia by 79.0% in the 3rd quarter. Pictet Asset Management Ltd. now owns 632,779 shares of the online travel company’s stock valued at $91,082,000 after acquiring an additional 279,312 shares during the period. Artisan Partners Limited Partnership raised its stake in shares of Expedia by 18.2% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,698,375 shares of the online travel company’s stock valued at $244,464,000 after acquiring an additional 260,929 shares during the period. Flossbach Von Storch AG purchased a new stake in shares of Expedia in the 4th quarter valued at approximately $31,102,000. Finally, Tremblant Capital Group purchased a new stake in shares of Expedia in the 3rd quarter valued at approximately $37,197,000. 82.50% of the stock is currently owned by institutional investors and hedge funds.

In other Expedia news, insider Lance A. Soliday sold 2,401 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $120.37, for a total transaction of $289,008.37. Following the completion of the transaction, the insider now owns 5,744 shares in the company, valued at approximately $691,405.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dara Khosrowshahi sold 150,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $125.00, for a total transaction of $18,750,000.00. Following the completion of the transaction, the director now owns 522,348 shares of the company’s stock, valued at approximately $65,293,500. The disclosure for this sale can be found here. Insiders own 20.88% of the company’s stock.

Expedia, Inc. (EXPE) opened at $102.82 on Tuesday. The company has a current ratio of 0.70, a quick ratio of 0.72 and a debt-to-equity ratio of 0.61. Expedia, Inc. has a twelve month low of $98.52 and a twelve month high of $161.00. The company has a market cap of $15,834.21, a P/E ratio of 43.38, a price-to-earnings-growth ratio of 1.41 and a beta of 0.89.

Expedia (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, February 8th. The online travel company reported $0.84 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.31). Expedia had a return on equity of 9.66% and a net margin of 3.76%. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter last year, the firm earned $1.17 EPS. The company’s revenue was up 10.8% on a year-over-year basis. equities analysts forecast that Expedia, Inc. will post 4.43 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Thursday, March 8th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.17%. Expedia’s dividend payout ratio (DPR) is presently 50.63%.

Several equities research analysts recently weighed in on EXPE shares. Credit Suisse Group set a $147.00 target price on shares of Expedia and gave the stock a “hold” rating in a research note on Friday, October 27th. UBS Group reaffirmed a “buy” rating and set a $154.00 target price (down from $170.00) on shares of Expedia in a research note on Friday, October 27th. Deutsche Bank reaffirmed a “buy” rating and set a $171.00 target price (down from $175.00) on shares of Expedia in a research note on Tuesday, October 24th. SunTrust Banks reaffirmed a “buy” rating and set a $190.00 target price on shares of Expedia in a research note on Monday, October 23rd. Finally, Citigroup reaffirmed a “buy” rating and set a $170.00 target price (down from $180.00) on shares of Expedia in a research note on Friday, October 27th. Ten investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $150.15.

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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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