Garnet Equity Capital Holdings adds Expedia Inc (EXPE) to its portfolio

Expedia Inc (EXPE) : Garnet Equity Capital Holdings added new position in Expedia Inc during the most recent quarter end. The investment management firm now holds 15,000 shares of Expedia Inc which is valued at $1,741,200 , the company said in a statement filed on Aug 10, 2016 with the SEC.Expedia Inc makes up approximately 2.11% of Garnet Equity Capital Holdings’s portfolio.

Other Hedge Funds, Including , Peak6 Investments boosted its stake in EXPE in the latest quarter, The investment management firm added 4,952 additional shares and now holds a total of 13,936 shares of Expedia Inc which is valued at $1,617,691. Expedia Inc makes up approx 0.10% of Peak6 Investments’s portfolio.Nippon Life Insurance Co boosted its stake in EXPE in the latest quarter, The investment management firm added 750 additional shares and now holds a total of 5,470 shares of Expedia Inc which is valued at $615,703. Expedia Inc makes up approx 0.01% of Nippon Life Insurance Co’s portfolio. Quantbot Technologies Lp sold out all of its stake in EXPE during the most recent quarter. The investment firm sold 8,757 shares of EXPE which is valued $985,688.Kornitzer Capital Management Inc Ks reduced its stake in EXPE by selling 15,080 shares or 6.7% in the most recent quarter. The Hedge Fund company now holds 209,926 shares of EXPE which is valued at $24,487,868. Expedia Inc makes up approx 0.44% of Kornitzer Capital Management Inc Ks’s portfolio.Montag Caldwell boosted its stake in EXPE in the latest quarter, The investment management firm added 3,440 additional shares and now holds a total of 6,850 shares of Expedia Inc which is valued at $799,053. Expedia Inc makes up approx 0.02% of Montag Caldwell’s portfolio.

Expedia Inc closed down -0.44 points or -0.38% at $115 with 11,03,106 shares getting traded on Friday. Post opening the session at $114.98, the shares hit an intraday low of $114.71 and an intraday high of $115.29 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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.