Marcus Capital Lowers stake in Expedia Inc (EXPE)

Expedia Inc (EXPE) : Marcus Capital reduced its stake in Expedia Inc by 0.62% during the most recent quarter end. The investment management company now holds a total of 24,125 shares of Expedia Inc which is valued at $2,827,209 after selling 150 shares in Expedia Inc , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Expedia Inc makes up approximately 2.84% of Marcus Capital’s portfolio.

Other Hedge Funds, Including , Eagle Asset Management Inc sold out all of its stake in EXPE during the most recent quarter. The investment firm sold 91,258 shares of EXPE which is valued $10,694,525. Arcadia Investment Management Corpmi added EXPE to its portfolio by purchasing 15 company shares during the most recent quarter which is valued at $1,733.Cutler Group Lp boosted its stake in EXPE in the latest quarter, The investment management firm added 8,322 additional shares and now holds a total of 33,195 shares of Expedia Inc which is valued at $3,792,861. Expedia Inc makes up approx 0.26% of Cutler Group Lp’s portfolio.Creative Planning boosted its stake in EXPE in the latest quarter, The investment management firm added 109 additional shares and now holds a total of 10,002 shares of Expedia Inc which is valued at $1,142,829. Expedia Inc makes up approx 0.01% of Creative Planning’s portfolio.Atria Investments boosted its stake in EXPE in the latest quarter, The investment management firm added 1,647 additional shares and now holds a total of 5,098 shares of Expedia Inc which is valued at $582,497. Expedia Inc makes up approx 0.06% of Atria Investments’s portfolio.

Expedia Inc opened for trading at $116.26 and hit $117.89 on the upside on Wednesday, eventually ending the session at $117.19, with a gain of 0.91% or 1.06 points. The heightened volatility saw the trading volume jump to 13,40,014 shares. Company has a market cap of $17,436 M.

On the company’s financial health, Expedia Inc reported $0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $-0.05. The company had revenue of $1904.00 million for the quarter, compared to analysts expectations of $1835.12 million. The company’s revenue was up 38.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.03 EPS.

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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