Jasper Ridge Partners L.P. Continues to Hold Stake in Expedia, Inc. (EXPE)

Jasper Ridge Partners L.P. held its position in Expedia, Inc. (NASDAQ:EXPE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,187 shares of the online travel company’s stock at the close of the second quarter. Jasper Ridge Partners L.P.’s holdings in Expedia were worth $1,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Fiduciary Trust Co. acquired a new stake in shares of Expedia during the 2nd quarter worth approximately $127,000. Dupont Capital Management Corp acquired a new stake in shares of Expedia during the 2nd quarter worth approximately $143,000. Bessemer Group Inc. grew its stake in shares of Expedia by 16.6% during the 2nd quarter. Bessemer Group Inc. now owns 1,039 shares of the online travel company’s stock worth $155,000 after purchasing an additional 148 shares during the period. CENTRAL TRUST Co grew its stake in shares of Expedia by 18.7% during the 2nd quarter. CENTRAL TRUST Co now owns 1,059 shares of the online travel company’s stock worth $158,000 after purchasing an additional 167 shares during the period. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Expedia during the 1st quarter worth approximately $146,000. 84.42% of the stock is owned by institutional investors.

Shares of Expedia, Inc. (EXPE) traded up 0.838% during mid-day trading on Monday, reaching $142.595. 638,507 shares of the company traded hands. The company’s 50 day moving average is $148.63 and its 200 day moving average is $140.62. Expedia, Inc. has a 52-week low of $105.62 and a 52-week high of $161.00. The stock has a market capitalization of $21.62 billion, a price-to-earnings ratio of 67.104 and a beta of 0.97.

Expedia (NASDAQ:EXPE) last released its earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by $0.05. Expedia had a return on equity of 10.98% and a net margin of 3.49%. The business had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter last year, the company posted $0.83 earnings per share. The business’s quarterly revenue was up 17.8% compared to the same quarter last year. On average, equities analysts forecast that Expedia, Inc. will post $5.04 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, August 22nd. This is an increase from Expedia’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 0.85%. Expedia’s dividend payout ratio is 56.87%.

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In related news, CEO Dara Khosrowshahi sold 86,228 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $154.12, for a total transaction of $13,289,459.36. Following the transaction, the chief executive officer now directly owns 518,576 shares in the company, valued at $79,922,933.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark D. Okerstrom sold 12,500 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $150.00, for a total value of $1,875,000.00. Following the transaction, the executive vice president now owns 71,248 shares in the company, valued at $10,687,200. The disclosure for this sale can be found here. Insiders have sold 146,826 shares of company stock worth $22,359,010 over the last quarter. 20.88% of the stock is currently owned by company insiders.

A number of equities research analysts have recently commented on the stock. TheStreet raised shares of Expedia from a “c+” rating to a “b” rating in a research note on Thursday, July 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $175.00 price objective (up previously from $160.00) on shares of Expedia in a research note on Friday, July 28th. Credit Suisse Group set a $175.00 price objective on shares of Expedia and gave the stock a “buy” rating in a research note on Saturday, July 29th. Stifel Nicolaus reaffirmed a “hold” rating and set a $160.00 price objective (up previously from $135.00) on shares of Expedia in a research note on Sunday, July 30th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $140.00 price objective on shares of Expedia in a research note on Sunday, July 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $163.02.

Expedia 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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