Meru Capital Group Lp buys $40.6 Million stake in Expedia Inc (EXPE)

Expedia Inc (EXPE) : Meru Capital Group Lp scooped up 934 additional shares in Expedia Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 362,313 shares of Expedia Inc which is valued at $40.6 Million.Expedia Inc makes up approximately 13.10% of Meru Capital Group Lp’s portfolio.

Other Hedge Funds, Including , Usa Financial Portformulas Corp sold out all of its stake in EXPE during the most recent quarter. The investment firm sold 37,245 shares of EXPE which is valued $4.2 Million.Canada Pension Plan Investment Board boosted its stake in EXPE in the latest quarter, The investment management firm added 336,600 additional shares and now holds a total of 527,300 shares of Expedia Inc which is valued at $59 Million. Expedia Inc makes up approx 0.25% of Canada Pension Plan Investment Board’s portfolio.Columbus Circle Investors reduced its stake in EXPE by selling 1,233 shares or 0.34% in the most recent quarter. The Hedge Fund company now holds 361,113 shares of EXPE which is valued at $40.9 Million. Expedia Inc makes up approx 0.37% of Columbus Circle Investors’s portfolio.

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 and in the United States and localized Expedia and Websites around the world EAN Travelocity Venere Wotif Group 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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