Espalier Global Management adds Expedia Inc (EXPE) to its portfolio

Expedia Inc (EXPE) : Espalier Global Management added new position in Expedia Inc during the most recent quarter end. The investment management firm now holds 21,195 shares of Expedia Inc which is valued at $2,460,316 , the company said in a statement filed on Aug 12, 2016 with the SEC.Expedia Inc makes up approximately 6.96% of Espalier Global Management’s portfolio.

Other Hedge Funds, Including , Stevens Capital Management Lp reduced its stake in EXPE by selling 7,252 shares or 15.15% in the most recent quarter. The Hedge Fund company now holds 40,601 shares of EXPE which is valued at $4,712,964. Expedia Inc makes up approx 0.18% of Stevens Capital Management Lp’s portfolio.Hightower Advisors reduced its stake in EXPE by selling 1,768 shares or 6.14% in the most recent quarter. The Hedge Fund company now holds 27,044 shares of EXPE which is valued at $3,139,268. Expedia Inc makes up approx 0.04% of Hightower Advisors’s portfolio. Trust Investment Advisors added EXPE to its portfolio by purchasing 5,245 company shares during the most recent quarter which is valued at $602,126. Expedia Inc makes up approx 0.67% of Trust Investment Advisors’s portfolio.California Public Employees Retirement System reduced its stake in EXPE by selling 9,400 shares or 3.19% in the most recent quarter. The Hedge Fund company now holds 285,541 shares of EXPE which is valued at $32,140,495. Expedia Inc makes up approx 0.05% of California Public Employees Retirement System’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in EXPE by selling 928 shares or 3.3% in the most recent quarter. The Hedge Fund company now holds 27,201 shares of EXPE which is valued at $3,172,997. Expedia Inc makes up approx 0.03% of Public Employees Retirement Association Of Colorado’s portfolio.

Expedia Inc closed down -1.56 points or -1.40% at $109.8 with 16,93,972 shares getting traded on Monday. Post opening the session at $111.7, the shares hit an intraday low of $109.79 and an intraday high of $111.74 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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