Empire Capital Management L.l.c. Lowers stake in Expedia Inc (EXPE)

Expedia Inc (EXPE) : Empire Capital Management L.l.c. reduced its stake in Expedia Inc by 43.45% during the most recent quarter end. The investment management company now holds a total of 11,310 shares of Expedia Inc which is valued at $1.3 Million after selling 8,690 shares in Expedia Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Expedia Inc makes up approximately 20.44% of Empire Capital Management L.l.c.’s portfolio.

Other Hedge Funds, Including , Public Sector Pension Investment Board reduced its stake in EXPE by selling 10,800 shares or 36.0% in the most recent quarter. The Hedge Fund company now holds 19,202 shares of EXPE which is valued at $2.1 Million. Expedia Inc makes up approx 0.03% of Public Sector Pension Investment Board’s portfolio.Gerstein Fisher boosted its stake in EXPE in the latest quarter, The investment management firm added 96 additional shares and now holds a total of 7,522 shares of Expedia Inc which is valued at $841,862. Expedia Inc makes up approx 0.12% of Gerstein Fisher’s portfolio. 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.Thompson Davis reduced its stake in EXPE by selling 51 shares or 18.48% in the most recent quarter. The Hedge Fund company now holds 225 shares of EXPE which is valued at $25,461. Expedia Inc makes up approx 0.04% of Thompson Davis’s portfolio.First Mercantile Trust Co reduced its stake in EXPE by selling 17,587 shares or 99.6% in the most recent quarter. The Hedge Fund company now holds 71 shares of EXPE which is valued at $8,220.

Expedia Inc closed down -0.16 points or -0.14% at $113.01 with 16,47,958 shares getting traded on Wednesday. Post opening the session at $113.17, the shares hit an intraday low of $112.66 and an intraday high of $114.1 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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