Trading Report: The Jackson Park Capital LLC Increases Stake in Expedia Inc. (EXPE)

The Jackson Park Capital LLC Increases Stake in Expedia Inc. (EXPE)

Jackson Park Capital LLC raised its position in Expedia Inc. (NASDAQ:EXPE) by 7.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,500 shares of the online travel company’s stock after buying an additional 500 shares during the period. Jackson Park Capital LLC’s holdings in Expedia were worth $797,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of Expedia by 1.6% in the first quarter. Geode Capital Management LLC now owns 992,731 shares of the online travel company’s stock worth $106,825,000 after buying an additional 15,880 shares in the last quarter. Calixto Global Investors LP raised its position in shares of Expedia by 103.9% in the first quarter. Calixto Global Investors LP now owns 279,307 shares of the online travel company’s stock worth $30,114,000 after buying an additional 142,343 shares in the last quarter. Samlyn Capital LLC raised its position in shares of Expedia by 70.1% in the first quarter. Samlyn Capital LLC now owns 739,912 shares of the online travel company’s stock worth $79,777,000 after buying an additional 304,877 shares in the last quarter. National Pension Service raised its position in shares of Expedia by 4.4% in the first quarter. National Pension Service now owns 67,254 shares of the online travel company’s stock worth $7,251,000 after buying an additional 2,858 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. raised its position in shares of Expedia by 19.2% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,207 shares of the online travel company’s stock worth $235,000 after buying an additional 355 shares in the last quarter. 82.00% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Inc. (NASDAQ:EXPE) traded down 0.46% during midday trading on Friday, hitting $117.98. The stock had a trading volume of 917,260 shares. Expedia Inc. has a 12-month low of $88.40 and a 12-month high of $140.51. The company’s 50-day moving average price is $112.66 and its 200 day moving average price is $110.94. The stock has a market cap of $17.66 billion, a P/E ratio of 87.52 and a beta of 0.68.

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

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

A number of research analysts recently weighed in on EXPE shares. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Expedia in a report on Friday, September 9th. Zacks Investment Research downgraded Expedia from a “hold” rating to a “sell” rating in a research report on Tuesday. Atlantic Securities upgraded Expedia from a “neutral” rating to an “overweight” rating and set a $130.00 target price on the stock in a research report on Monday, June 20th. Jefferies Group reiterated a “hold” rating on shares of Expedia in a research report on Monday, July 11th. Finally, Piper Jaffray Cos. reiterated an “overweight” rating and set a $147.00 target price on shares of Expedia in a research report on Monday, August 1st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $130.17.

In other news, EVP Mark D. Okerstrom sold 56,664 shares of the firm’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $114.97, for a total value of $6,514,660.08. Following the completion of the sale, the executive vice president now owns 100,543 shares of the company’s stock, valued at $11,559,428.71. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Craig A. Jacobson sold 8,000 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly 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. 20.95% of the stock is owned by insiders.

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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