Meru Capital Group Lp buys $49,730,181 stake in Expedia Inc (EXPE)

Expedia Inc (EXPE) : Meru Capital Group Lp scooped up 66,100 additional shares in Expedia Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 428,413 shares of Expedia Inc which is valued at $49,730,181.Expedia Inc makes up approximately 15.96% of Meru Capital Group Lp’s portfolio.

Other Hedge Funds, Including , Valley National Advisers Inc added EXPE to its portfolio by purchasing 3 company shares during the most recent quarter which is valued at $348.Employees Retirement System Of Texas reduced its stake in EXPE by selling 95,000 shares or 95.0% in the most recent quarter. The Hedge Fund company now holds 5,000 shares of EXPE which is valued at $580,400. Expedia Inc makes up approx 0.01% of Employees Retirement System Of Texas’s portfolio.Blackrock Fund Advisors reduced its stake in EXPE by selling 468 shares or 0.03% in the most recent quarter. The Hedge Fund company now holds 1,867,020 shares of EXPE which is valued at $216,723,682. Expedia Inc makes up approx 0.05% of Blackrock Fund Advisors’s portfolio.Teacher Retirement System Of Texas reduced its stake in EXPE by selling 29,120 shares or 31.58% in the most recent quarter. The Hedge Fund company now holds 63,101 shares of EXPE which is valued at $7,199,193. Expedia Inc makes up approx 0.05% of Teacher Retirement System Of Texas’s portfolio. Bailard sold out all of its stake in EXPE during the most recent quarter. The investment firm sold 2,383 shares of EXPE which is valued $273,568.

Expedia Inc closed down -1.56 points or -1.40% at $109.8 with 16,93,972 shares getting traded on Monday. Post opening the session at $111.7, the shares hit an intraday low of $109.79 and an intraday high of $111.74 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Expedia Inc reported $0.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.75. The company had revenue of $2196.00 million for the quarter, compared to analysts expectations of $2241.59 million. The company’s revenue was up 32.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS.

Many Wall Street Analysts have commented on Expedia Inc. Company shares were Reiterated by Barclays on Jul 29, 2016 to “Overweight”, Firm has raised the Price Target to $ 130 from a previous price target of $120 .

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.

Leave a Reply

Expedia Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Expedia Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.