Owl Creek Asset Management buys $81,973,142 stake in Expedia Inc (EXPE)

Expedia Inc (EXPE) : Owl Creek Asset Management scooped up 68,466 additional shares in Expedia Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 706,178 shares of Expedia Inc which is valued at $81,973,142.Expedia Inc makes up approximately 5.00% of Owl Creek Asset Management’s portfolio.

Other Hedge Funds, Including , Js Capital Management boosted its stake in EXPE in the latest quarter, The investment management firm added 90,700 additional shares and now holds a total of 191,390 shares of Expedia Inc which is valued at $22,216,551. Expedia Inc makes up approx 12.62% of Js Capital Management’s portfolio.Monetary Management Group Inc boosted its stake in EXPE in the latest quarter, The investment management firm added 7,690 additional shares and now holds a total of 21,570 shares of Expedia Inc which is valued at $2,503,846. Expedia Inc makes up approx 1.13% of Monetary Management Group Inc’s portfolio. Ashford Investment Management sold out all of its stake in EXPE during the most recent quarter. The investment firm sold 38,800 shares of EXPE which is valued $4,503,904.Blackrock Japan Ltd boosted its stake in EXPE in the latest quarter, The investment management firm added 2,711 additional shares and now holds a total of 153,269 shares of Expedia Inc which is valued at $17,791,466. Expedia Inc makes up approx 0.06% of Blackrock Japan Ltd’s portfolio.Swiss National Bank boosted its stake in EXPE in the latest quarter, The investment management firm added 27,200 additional shares and now holds a total of 347,570 shares of Expedia Inc which is valued at $39,122,479. Expedia Inc makes up approx 0.06% of Swiss National Bank’s portfolio.

Expedia Inc opened for trading at $109.86 and hit $113.25 on the upside on Thursday, eventually ending the session at $113.13, with a gain of 3.67% or 4.01 points. The heightened volatility saw the trading volume jump to 32,00,351 shares. Company has a market cap of $16,937 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.

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.