Elmrox Investment Group Im Exits Position in Expedia Inc (EXPE)

Expedia Inc (EXPE) : Elmrox Investment Group Im has sold out all of its stake in Expedia Inc during the most recent quarter, according to the disclosure filed by the company on May 11, 2016 with the SEC. The investment management company has sold out 2,000 shares of Expedia Inc which is valued at $223,840.

Other Hedge Funds, Including , Potrero Capital Research sold out all of its stake in EXPE during the most recent quarter. The investment firm sold 40,770 shares of EXPE which is valued $4.6 Million. Jackson Park Capital added EXPE to its portfolio by purchasing 7,000 company shares during the most recent quarter which is valued at $783,440. Expedia Inc makes up approx 1.00% of Jackson Park Capital’s portfolio.State Of Wisconsin Investment Board reduced its stake in EXPE by selling 76,462 shares or 20.59% in the most recent quarter. The Hedge Fund company now holds 294,932 shares of EXPE which is valued at $33.4 Million. Expedia Inc makes up approx 0.13% of State Of Wisconsin Investment Board’s portfolio. Bluecrest Capital Management Ltd added EXPE to its portfolio by purchasing 11,901 company shares during the most recent quarter which is valued at $1.3 Million. Expedia Inc makes up approx 0.12% of Bluecrest Capital Management Ltd’s portfolio.New Century Investment Management Inc reduced its stake in EXPE by selling 78 shares or 1.3% in the most recent quarter. The Hedge Fund company now holds 5,925 shares of EXPE which is valued at $685,937. Expedia Inc makes up approx 0.33% of New Century Investment Management Inc’s portfolio.

Expedia Inc (EXPE) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $112.5 and reached the intraday high at $112.7. The bulls started the profit booking and pushed the shares to intraday low of $111.35. The trading session was marked by a volume range of 17,37,850 shares exchanging hands. The 52-week high of the shares is $140.51 and the 52-week low is $88.4. The market cap of the company stands at $16,652 M and there are 14,87,84,930 shares in public circulation.

On the company’s financial health, Expedia Inc reported $0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $-0.05. The company had revenue of $1904.00 million for the quarter, compared to analysts expectations of $1835.12 million. The company’s revenue was up 38.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.03 EPS.

Many Wall Street Analysts have commented on Expedia Inc. Expedia Inc was Initiated by Pacific Crest to “Sector Weight” on Mar 31, 2016. Shares were Reiterated by UBS on Mar 17, 2016 to “Buy” and Lowered the Price Target to $ 145 from a previous price target of $150 .Company shares were Upgraded by Piper Jaffray on Mar 10, 2016 to ” Overweight”, Firm has raised the Price Target to $ 140 from a previous price target of $130 .

Expedia Inc. (Expedia) is an online travel company. The Company provides travel products and services provided by various lodging properties airlines car rental companies destination service providers cruise lines and other travel product and service companies. Its segments include Core Online Travel Agencies which 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 around the world EAN Hotwire.com Travelocity Venere Wotif Group CarRentals.com and Classic Vacations; trivago which is engaged in sending referrals to online travel companies and travel service providers from its hotel metasearch Websites and Egencia which provides managed travel services. In addition it offers Travelocity Orbitz ebookers HotelClub and CheapTickets brands and business-to-business offerings including Orbitz Partner Network and Orbitz for Business.

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