Todays Report: The Expedia Inc. (EXPE) Stake Increased by Candriam Luxembourg S.C.A.

The Expedia Inc. (EXPE) Stake Increased by Candriam Luxembourg S.C.A.

Candriam Luxembourg S.C.A. raised its stake in Expedia Inc. (NASDAQ:EXPE) by 39.4% during the second quarter, Holdings Channel reports. The institutional investor owned 3,710 shares of the online travel company’s stock after buying an additional 1,049 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Expedia were worth $394,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of EXPE. Strs Ohio raised its position in shares of Expedia by 14.2% in the second quarter. Strs Ohio now owns 11,471 shares of the online travel company’s stock valued at $1,219,000 after buying an additional 1,422 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of Expedia during the second quarter valued at approximately $38,235,000. Shell Asset Management Co. raised its position in shares of Expedia by 56.2% in the second quarter. Shell Asset Management Co. now owns 18,026 shares of the online travel company’s stock valued at $1,916,000 after buying an additional 6,488 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Expedia by 39.8% in the second quarter. Daiwa Securities Group Inc. now owns 54,555 shares of the online travel company’s stock valued at $5,799,000 after buying an additional 15,530 shares during the last quarter. Finally, S&CO Inc. purchased a new position in shares of Expedia during the second quarter valued at approximately $523,000. Institutional investors own 81.99% of the company’s stock.

Expedia Inc. (NASDAQ:EXPE) traded up 0.91% during mid-day trading on Wednesday, hitting $118.79. The stock had a trading volume of 2,243,446 shares. The stock’s 50-day moving average is $112.94 and its 200 day moving average is $111.15. The company has a market capitalization of $17.78 billion, a P/E ratio of 88.12 and a beta of 0.68. Expedia Inc. has a 52 week low of $88.40 and a 52 week high of $140.51.

Expedia (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, July 28th. The online travel company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.05. Expedia had a return on equity of 8.02% and a net margin of 2.33%. The business earned $2.92 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter last year, the company posted $0.89 earnings per share. Expedia’s quarterly revenue was up 32.1% on a year-over-year basis. Equities analysts forecast that Expedia Inc. will post $4.92 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, August 25th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, August 23rd. This represents a $1.04 dividend on an annualized basis and a yield of 0.88%. This is a boost from Expedia’s previous quarterly dividend of $0.24. Expedia’s dividend payout ratio (DPR) is presently 72.73%.

EXPE has been the subject of several research reports. Zacks Investment Research lowered Expedia from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Jefferies Group reiterated a “hold” rating on shares of Expedia in a research report on Monday, July 18th. Barclays PLC lifted their target price on Expedia from $120.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, July 29th. Evercore ISI reiterated a “hold” rating and issued a $125.00 target price on shares of Expedia in a research report on Tuesday, July 26th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of Expedia in a research report on Sunday, July 10th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seventeen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $130.17.

In related news, insider Lance A. Soliday sold 1,500 shares of Expedia stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $111.00, for a total transaction of $166,500.00. Following the completion of the transaction, the insider now owns 2,915 shares in the company, valued at $323,565. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Craig A. Jacobson sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $116.54, for a total value of $932,320.00. Following the sale, the director now owns 40,896 shares of the company’s stock, valued at approximately $4,766,019.84. The disclosure for this sale can be found here. Corporate insiders own 20.95% of the company’s stock.

About Expedia

Expedia, Inc is an online travel company. The Company makes travel products and services available, on a standalone and package basis, provided by various lodging properties, airlines, car rental companies, destination service providers, cruise lines and other travel product and service companies. Its Core OTA segment provides a range of travel and advertising services, 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, Venere, Wotif Group, CarRentals.com, and Classic Vacations.

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