Csat Investment Advisory Lowers stake in Expedia Inc (EXPE)

Expedia Inc (EXPE) : Csat Investment Advisory reduced its stake in Expedia Inc by 56.21% during the most recent quarter end. The investment management company now holds a total of 28,669 shares of Expedia Inc which is valued at $3,327,898 after selling 36,805 shares in Expedia Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Expedia Inc makes up approximately 6.54% of Csat Investment Advisory’s portfolio.

Other Hedge Funds, Including , Voya Investment Management boosted its stake in EXPE in the latest quarter, The investment management firm added 1,322 additional shares and now holds a total of 81,480 shares of Expedia Inc which is valued at $9,458,198. Expedia Inc makes up approx 0.02% of Voya Investment Management’s portfolio.Public Sector Pension Investment Board boosted its stake in EXPE in the latest quarter, The investment management firm added 3,000 additional shares and now holds a total of 22,202 shares of Expedia Inc which is valued at $2,577,208. Expedia Inc makes up approx 0.03% of Public Sector Pension Investment Board’s portfolio.Nippon Life Insurance Co boosted its stake in EXPE in the latest quarter, The investment management firm added 750 additional shares and now holds a total of 5,470 shares of Expedia Inc which is valued at $615,703. Expedia Inc makes up approx 0.01% of Nippon Life Insurance Co’s portfolio. Hussman Strategic Advisors sold out all of its stake in EXPE during the most recent quarter. The investment firm sold 50,000 shares of EXPE which is valued $5,628,000.Sol Capital Management Co reduced its stake in EXPE by selling 200 shares or 8.7% in the most recent quarter. The Hedge Fund company now holds 2,100 shares of EXPE which is valued at $244,965. Expedia Inc makes up approx 0.07% of Sol Capital Management Co’s portfolio.

Expedia Inc opened for trading at $109.86 and hit $113.25 on the upside on Thursday, eventually ending the session at $113.13, with a gain of 3.67% or 4.01 points. The heightened volatility saw the trading volume jump to 32,00,351 shares. Company has a market cap of $16,937 M.

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.

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