Elite Wealth Management Lowers stake in Expedia Inc (EXPE)

Expedia Inc (EXPE) : Elite Wealth Management reduced its stake in Expedia Inc by 11.32% during the most recent quarter end. The investment management company now holds a total of 9,182 shares of Expedia Inc which is valued at $1,109,186 after selling 1,172 shares in Expedia Inc , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Expedia Inc makes up approximately 1.63% of Elite Wealth Management’s portfolio.

Other Hedge Funds, Including , Elite Wealth Management reduced its stake in EXPE by selling 1,172 shares or 11.32% in the most recent quarter. The Hedge Fund company now holds 9,182 shares of EXPE which is valued at $1,109,186. Expedia Inc makes up approx 1.63% of Elite Wealth Management’s portfolio.Nisa Investment Advisors boosted its stake in EXPE in the latest quarter, The investment management firm added 5,100 additional shares and now holds a total of 28,526 shares of Expedia Inc which is valued at $3,358,081. Expedia Inc makes up approx 0.04% of Nisa Investment Advisors’s portfolio.Capstone Asset Management Co boosted its stake in EXPE in the latest quarter, The investment management firm added 220 additional shares and now holds a total of 17,806 shares of Expedia Inc which is valued at $2,096,122. Expedia Inc makes up approx 0.06% of Capstone Asset Management Co’s portfolio.Washington Trust Bank boosted its stake in EXPE in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 503 shares of Expedia Inc which is valued at $59,925. Expedia Inc makes up approx 0.01% of Washington Trust Bank’s portfolio.Ct Mason reduced its stake in EXPE by selling 21,653 shares or 84.94% in the most recent quarter. The Hedge Fund company now holds 3,840 shares of EXPE which is valued at $457,478. Expedia Inc makes up approx 0.20% of Ct Mason’s portfolio.

Expedia Inc opened for trading at $118.77 and hit $121.25 on the upside on Friday, eventually ending the session at $120.8, with a gain of 1.78% or 2.11 points. The heightened volatility saw the trading volume jump to 22,35,392 shares. Company has a market cap of $18,086 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 RBC Capital Mkts on Oct 7, 2016 to “Outperform”, Firm has raised the Price Target to $ 165 from a previous price target of $160 .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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