Coatue Management buys $236,216,183 stake in Expedia Inc (EXPE)

Expedia Inc (EXPE) : Coatue Management scooped up 500,674 additional shares in Expedia Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 2,034,943 shares of Expedia Inc which is valued at $236,216,183.Expedia Inc makes up approximately 3.11% of Coatue Management’s portfolio.

Other Hedge Funds, Including , Thornburg Investment Management Inc added EXPE to its portfolio by purchasing 243,430 company shares during the most recent quarter which is valued at $28,257,354. Expedia Inc makes up approx 0.21% of Thornburg Investment Management Inc’s portfolio.Capstone Asset Management Co boosted its stake in EXPE in the latest quarter, The investment management firm added 2,723 additional shares and now holds a total of 17,586 shares of Expedia Inc which is valued at $2,009,376. Expedia Inc makes up approx 0.06% of Capstone Asset Management Co’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 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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