New Mexico Educational Retirement Board reduced its stake in Expedia, Inc. (NASDAQ:EXPE) by 7.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,328 shares of the online travel company’s stock after selling 900 shares during the period. New Mexico Educational Retirement Board’s holdings in Expedia were worth $1,772,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. increased its position in Expedia by 3,458.6% in the first quarter. BlackRock Inc. now owns 7,832,689 shares of the online travel company’s stock valued at $988,252,000 after buying an additional 7,612,585 shares in the last quarter. Neuberger Berman Group LLC increased its position in Expedia by 1,118.9% in the first quarter. Neuberger Berman Group LLC now owns 1,805,829 shares of the online travel company’s stock valued at $227,841,000 after buying an additional 1,657,678 shares in the last quarter. Jennison Associates LLC increased its position in Expedia by 39.9% in the first quarter. Jennison Associates LLC now owns 3,397,821 shares of the online travel company’s stock valued at $428,703,000 after buying an additional 968,772 shares in the last quarter. Wellington Management Group LLP increased its position in Expedia by 14.6% in the first quarter. Wellington Management Group LLP now owns 6,000,184 shares of the online travel company’s stock valued at $757,042,000 after buying an additional 764,343 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in Expedia by 30.4% in the first quarter. Ameriprise Financial Inc. now owns 2,312,604 shares of the online travel company’s stock valued at $291,782,000 after buying an additional 539,205 shares in the last quarter. 80.96% of the stock is currently owned by hedge funds and other institutional investors.

Expedia, Inc. (EXPE) opened at 144.51 on Friday. The firm has a market cap of $21.91 billion, a PE ratio of 68.00 and a beta of 0.92. The firm’s 50-day moving average is $151.59 and its 200 day moving average is $136.95. Expedia, Inc. has a 12-month low of $105.62 and a 12-month high of $161.00.

Expedia (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, July 27th. The online travel company reported $0.89 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by $0.05. Expedia had a net margin of 3.49% and a return on equity of 10.98%. The business had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the previous year, the business posted $0.83 EPS. The company’s quarterly revenue was up 17.8% on a year-over-year basis. Equities research analysts predict that Expedia, Inc. will post $5.11 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be issued a $0.30 dividend. This is a positive change from Expedia’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $1.20 annualized dividend and a yield of 0.83%. Expedia’s dividend payout ratio (DPR) is presently 53.08%.

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EXPE has been the topic of a number of analyst reports. Oppenheimer Holdings, Inc. lifted their target price on shares of Expedia from $145.00 to $150.00 and gave the stock an “outperform” rating in a research note on Monday, May 1st. JMP Securities reaffirmed an “outperform” rating and set a $155.00 target price (up from $142.00) on shares of Expedia in a research note on Tuesday, May 2nd. Needham & Company LLC lifted their target price on shares of Expedia from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Benchmark Co. reaffirmed a “buy” rating and set a $165.00 target price on shares of Expedia in a research note on Friday, April 28th. Finally, Zacks Investment Research downgraded shares of Expedia from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Eight equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $159.73.

In other Expedia news, Vice Chairman Victor Kaufman sold 35,598 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $149.29, for a total value of $5,314,425.42. Following the completion of the sale, the insider now owns 167,673 shares of the company’s stock, valued at $25,031,902.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lance A. Soliday sold 2,544 shares of the stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $142.30, for a total transaction of $362,011.20. Following the completion of the sale, the insider now directly owns 4,815 shares of the company’s stock, valued at approximately $685,174.50. The disclosure for this sale can be found here. Insiders sold 136,870 shares of company stock worth $20,840,896 in the last 90 days. 20.95% of the stock is currently owned by insiders.

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.

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Institutional Ownership by Quarter for Expedia (NASDAQ:EXPE)

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