Dock Street Asset Management Inc adds Expedia Inc (EXPE) to its portfolio

Expedia Inc (EXPE) : Dock Street Asset Management Inc added new position in Expedia Inc during the most recent quarter end. The investment management firm now holds 20,836 shares of Expedia Inc which is valued at $2,240,078 , the company said in a statement filed on Apr 20, 2016 with the SEC.Expedia Inc makes up approximately 2.09% of Dock Street Asset Management Inc’s portfolio.

Expedia Inc closed down -0.83 points or -0.77% at $107.51 with 19,93,374 shares getting traded on Friday. Post opening the session at $108.07, the shares hit an intraday low of $105.99 and an intraday high of $108.72 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Migdal Insurance Financial Holdings Ltd. reduced its stake in EXPE by selling 161 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 82,059 shares of EXPE which is valued at $8,822,163. Expedia Inc makes up approx 0.27% of Migdal Insurance Financial Holdings Ltd.’s portfolio.Cwm reduced its stake in EXPE by selling 1,884 shares or 98.69% in the most recent quarter. The Hedge Fund company now holds 25 shares of EXPE which is valued at $2,688. Churchill Management Corp sold out all of its stake in EXPE during the most recent quarter. The investment firm sold 30,846 shares of EXPE which is valued $3,367,149.Capstone Asset Management Co reduced its stake in EXPE by selling 1,360 shares or 8.38% in the most recent quarter. The Hedge Fund company now holds 14,863 shares of EXPE which is valued at $1,622,445. Expedia Inc makes up approx 0.05% of Capstone Asset Management Co’s portfolio.Ct Mason boosted its stake in EXPE in the latest quarter, The investment management firm added 3,695 additional shares and now holds a total of 25,209 shares of Expedia Inc which is valued at $2,570,310. Expedia Inc makes up approx 1.16% of Ct Mason’s portfolio.

On the company’s financial health, Expedia Inc reported $0.77 EPS for the quarter, missing the analyst consensus estimate by $ -0.24 based on the information available during the earnings call on Feb 10, 2016. Analyst had a consensus of $1.01. The company had revenue of $1698.57 million for the quarter, compared to analysts expectations of $1705.79 million. The company’s revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 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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