Expedia INC Del (EXPE) Holder Steadfast Capital Management LP Has Trimmed Its Stake

March 14, 2018 - By Hazel Jackson

Investors sentiment increased to 1.43 in Q3 2017. Its up 0.14, from 1.29 in 2017Q2. It improved, as 42 investors sold EXPE shares while 152 reduced holdings. 84 funds opened positions while 193 raised stakes. 124.65 million shares or 0.14% more from 124.48 million shares in 2017Q2 were reported. Wolverine Asset Lc reported 1,068 shares. State Of Wisconsin Inv Board holds 254,711 shares or 0.11% of its portfolio. Palladium Prtn Ltd Llc holds 0.59% or 54,169 shares in its portfolio. Monetary Inc reported 25,255 shares or 1.53% of all its holdings. Livforsakringsbolaget Skandia Omsesidigt reported 2,337 shares stake. Advisory Services Ntwk Limited Liability Corp accumulated 2,695 shares or 0.04% of the stock. Old Mutual Customised Solutions (Proprietary) Ltd reported 0.03% in Expedia, Inc. (NASDAQ:EXPE). Tradewinds Mgmt Ltd Co stated it has 63 shares or 0% of all its holdings. Reilly Advsrs Ltd Liability Co accumulated 71,273 shares. State Bank Of Montreal Can holds 67,685 shares or 0.01% of its portfolio. Brown Capital Mgmt stated it has 6,873 shares. Westover Capital Ltd, Delaware-based fund reported 16,340 shares. Westpac owns 8,949 shares or 0.03% of their US portfolio. Missouri-based Benjamin F Edwards & Inc has invested 0% in Expedia, Inc. (NASDAQ:EXPE). Ahl Partners Llp invested 0.01% of its portfolio in Expedia, Inc. (NASDAQ:EXPE).

Robert Pitts decreased its stake in Expedia Inc Del (EXPE) by 30.12% based on its latest 2017Q3 regulatory filing with the SEC. Steadfast Capital Management Lp sold 614,923 shares as the company’s stock rose 18.57% with the market. The hedge fund run by Robert Pitts held 1.43 million shares of the consumer services company at the end of 2017Q3, valued at $205.35 million, down from 2.04M at the end of the previous reported quarter. Steadfast Capital Management Lp who had been investing in Expedia Inc Del for a number of months, seems to be less bullish one the $17.21 billion market cap company. The stock increased 3.46% or $3.79 during the last trading session, reaching $113.32. About 4.17M shares traded or 73.61% up from the average. Expedia, Inc. (NASDAQ:EXPE) has risen 30.43% since March 14, 2017 and is uptrending. It has outperformed by 13.73% the S&P500.

Steadfast Capital Management Lp, which manages about $8.17B and $6.46B US Long portfolio, upped its stake in Facebook Inc (NASDAQ:FB) by 121,749 shares to 606,804 shares, valued at $103.69M in 2017Q3, according to the filing. It also increased its holding in Bank Amer Corp (NYSE:BAC) by 2.32M shares in the quarter, for a total of 7.20 million shares, and has risen its stake in Diamondback Energy Inc (NASDAQ:FANG).

Analysts await Expedia, Inc. (NASDAQ:EXPE) to report earnings on April, 26. They expect $-0.47 EPS, down 213.33 % or $0.32 from last year’s $-0.15 per share. After $0.64 actual EPS reported by Expedia, Inc. for the previous quarter, Wall Street now forecasts -173.44 % negative EPS growth.

More recent Expedia, Inc. (NASDAQ:EXPE) news were published by: Bizjournals.com which released: “Airbnb targets Expedia in effort to lure away customers” on March 14, 2018. Also Zacks.com published the news titled: “Why Is Expedia (EXPE) Down 14% Since its Last Earnings Report?” on March 12, 2018. Fool.com‘s news article titled: “Why Expedia Inc. Stock Dropped 18% Last Month” with publication date: March 07, 2018 was also an interesting one.

Expedia, Inc. (NASDAQ:EXPE) Ratings Coverage

Among 37 analysts covering Expedia Inc. (NASDAQ:EXPE), 27 have Buy rating, 0 Sell and 10 Hold. Therefore 73% are positive. Expedia Inc. had 123 analyst reports since July 24, 2015 according to SRatingsIntel. The company was maintained on Friday, February 9 by Deutsche Bank. RBC Capital Markets maintained Expedia, Inc. (NASDAQ:EXPE) on Friday, February 10 with “Outperform” rating. The firm has “Buy” rating given on Tuesday, February 9 by Benchmark. Oppenheimer upgraded Expedia, Inc. (NASDAQ:EXPE) on Thursday, November 5 to “Outperform” rating. The firm earned “Neutral” rating on Friday, October 27 by Credit Suisse. On Thursday, November 5 the stock rating was downgraded by William Blair to “Market Perform”. As per Thursday, September 17, the company rating was maintained by Canaccord Genuity. The rating was initiated by Citigroup on Tuesday, January 10 with “Sell”. As per Thursday, March 1, the company rating was maintained by Credit Suisse. Cowen & Co maintained the stock with “Buy” rating in Monday, September 11 report.

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