Cobiz Investment Management Lowers stake in Expedia Inc (EXPE)

Expedia Inc (EXPE) : Cobiz Investment Management reduced its stake in Expedia Inc by 2.11% during the most recent quarter end. The investment management company now holds a total of 36,114 shares of Expedia Inc which is valued at $4,064,992 after selling 777 shares in Expedia Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Expedia Inc makes up approximately 0.99% of Cobiz Investment Management’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System boosted its stake in EXPE in the latest quarter, The investment management firm added 819 additional shares and now holds a total of 252,789 shares of Expedia Inc which is valued at $28,453,930. Expedia Inc makes up approx 0.06% of California State Teachers Retirement System’s portfolio.Msi Financial Services Inc reduced its stake in EXPE by selling 88 shares or 6.9% in the most recent quarter. The Hedge Fund company now holds 1,187 shares of EXPE which is valued at $139,116. Fox Run Management L.l.c. sold out all of its stake in EXPE during the most recent quarter. The investment firm sold 2,700 shares of EXPE which is valued $316,413.

Expedia Inc opened for trading at $111.62 and hit $114.2 on the upside on Thursday, eventually ending the session at $113.51, with a gain of 0.84% or 0.95 points. The heightened volatility saw the trading volume jump to 19,41,582 shares. Company has a market cap of $16,994 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.

Investors should note that on Jul 28, 2016, Expedia Inc announced a cash dividend of $0.2600. The company’s management has announced Aug 23, 2016 as the ex-dividend date and fixed the record date on Aug 25, 2016. The payable date has been fixed on Sep 15, 2016.

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 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.

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.