King Luther Capital Management Corp Invests $4.31 Million in Expedia, Inc. (EXPE)

King Luther Capital Management Corp bought a new stake in Expedia, Inc. (NASDAQ:EXPE) during the first quarter, Holdings Channel reports. The institutional investor bought 34,141 shares of the online travel company’s stock, valued at approximately $4,308,000.

Several other hedge funds and other institutional investors have also modified their holdings of EXPE. Edge Wealth Management LLC acquired a new position in shares of Expedia during the first quarter valued at approximately $126,000. State of Alaska Department of Revenue acquired a new position in shares of Expedia during the first quarter valued at approximately $146,000. Rice Hall James & Associates LLC increased its position in shares of Expedia by 3.0% in the first quarter. Rice Hall James & Associates LLC now owns 1,430 shares of the online travel company’s stock valued at $180,000 after buying an additional 41 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. acquired a new position in shares of Expedia during the first quarter valued at approximately $204,000. Finally, Linscomb & Williams Inc. acquired a new position in shares of Expedia during the first quarter valued at approximately $219,000. Institutional investors own 81.13% of the company’s stock.

Institutional Ownership by Quarter for Expedia (NASDAQ:EXPE)

Expedia, Inc. (EXPE) traded up 0.86% during trading on Wednesday, hitting $148.96. The stock had a trading volume of 69,094 shares. The company has a 50-day moving average of $143.68 and a 200-day moving average of $128.29. Expedia, Inc. has a 52 week low of $96.58 and a 52 week high of $150.62. The stock has a market capitalization of $22.48 billion, a P/E ratio of 75.61 and a beta of 0.93.

Expedia (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, April 27th. The online travel company reported ($0.15) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.30) by $0.15. Expedia had a return on equity of 11.01% and a net margin of 3.36%. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter last year, the business posted $0.09 earnings per share. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. On average, equities analysts expect that Expedia, Inc. will post $5.29 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, May 25th were given a dividend of $0.28 per share. The ex-dividend date was Tuesday, May 23rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.76%. Expedia’s payout ratio is 57.14%.

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Several brokerages have recently commented on EXPE. Needham & Company LLC reiterated a “buy” rating on shares of Expedia in a research note on Wednesday. Cowen and Company reiterated an “outperform” rating and set a $160.00 target price on shares of Expedia in a research note on Friday, June 16th. Credit Suisse Group set a $151.00 target price on Expedia and gave the stock a “buy” rating in a research note on Sunday, April 30th. Citigroup Inc. upgraded Expedia from a “sell” rating to a “neutral” rating and set a $130.00 target price for the company in a research note on Friday, March 3rd. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $135.00 target price on shares of Expedia in a research note on Wednesday, March 29th. Eight investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $147.91.

In other Expedia news, Director Susan C. Athey sold 670 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $138.59, for a total transaction of $92,855.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Lance A. Soliday sold 2,544 shares of the firm’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $142.30, for a total value of $362,011.20. Following the sale, the insider now owns 4,815 shares in the company, valued at approximately $685,174.50. The disclosure for this sale can be found here. Insiders have sold 38,043 shares of company stock worth $5,330,777 in the last 90 days. Company insiders own 20.88% of the company’s stock.

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.

Want to see what other hedge funds are holding EXPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expedia, Inc. (NASDAQ:EXPE).

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