The Louisiana State Employees Retirement System Sold shares of Expedia Inc. (EXPE)

The Louisiana State Employees Retirement System Sold shares of Expedia Inc. (EXPE)

Louisiana State Employees Retirement System cut its stake in Expedia Inc. (NASDAQ:EXPE) by 2.5% during the second quarter, Holdings Channel reports. The institutional investor owned 7,700 shares of the online travel company’s stock after selling 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Expedia were worth $819,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. OMERS ADMINISTRATION Corp increased its position in shares of Expedia by 76.2% in the first quarter. OMERS ADMINISTRATION Corp now owns 7,400 shares of the online travel company’s stock valued at $798,000 after buying an additional 3,200 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Expedia by 176.5% in the first quarter. Canada Pension Plan Investment Board now owns 527,300 shares of the online travel company’s stock valued at $56,853,000 after buying an additional 336,600 shares in the last quarter. Wexford Capital LP increased its position in shares of Expedia by 62.4% in the first quarter. Wexford Capital LP now owns 46,335 shares of the online travel company’s stock valued at $4,996,000 after buying an additional 17,802 shares in the last quarter. Aviva PLC increased its position in shares of Expedia by 9.1% in the first quarter. Aviva PLC now owns 90,012 shares of the online travel company’s stock valued at $9,705,000 after buying an additional 7,494 shares in the last quarter. Finally, William Harris Investors Inc. increased its position in shares of Expedia by 1.9% in the first quarter. William Harris Investors Inc. now owns 54,799 shares of the online travel company’s stock valued at $5,908,000 after buying an additional 1,018 shares in the last quarter. Hedge funds and other institutional investors own 82.00% of the company’s stock.

Expedia Inc. (NASDAQ:EXPE) traded down 0.64% during trading on Friday, reaching $117.77. 1,174,179 shares of the company’s stock traded hands. The company has a 50-day moving average price of $112.73 and a 200 day moving average price of $110.99. The firm has a market capitalization of $17.63 billion, a PE ratio of 87.37 and a beta of 0.68. Expedia Inc. has a one year low of $88.40 and a one year high of $140.51.

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

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

Several research analysts have recently issued reports on the stock. Barclays PLC upped their target price on shares of Expedia from $120.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, July 29th. Deutsche Bank AG dropped their target price on shares of Expedia from $142.00 to $138.00 and set a “buy” rating on the stock in a research note on Friday, July 29th. Royal Bank Of Canada upped their target price on shares of Expedia from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday. RBC Capital Markets restated a “buy” rating and set a $165.00 price objective on shares of Expedia in a research report on Friday. Finally, Evercore ISI restated a “hold” rating and set a $125.00 price objective on shares of Expedia in a research report on Tuesday, July 26th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $130.17.

In related news, Director Craig A. Jacobson sold 8,000 shares of the business’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $116.54, for a total value of $932,320.00. Following the completion of the transaction, the director now directly owns 40,896 shares in the company, valued at approximately $4,766,019.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Lance A. Soliday sold 1,500 shares of the business’s stock in a transaction on Thursday, September 15th. The shares were 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 of the company’s stock, valued at $323,565. The disclosure for this sale can be found here. 20.95% of the stock is currently owned by corporate 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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